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| − | **The Internet Computer** blockchain is a real "world computer" that removes the traditional limitations of smart contracts using advanced new cryptography and distributed protocols.
| + | #REDIRECT [[Introduction to ICP]] |
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| − | ==Vision and Value Propositions==
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| − | ===Web speed===
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| − | Fast smart contracts allow you to build anything
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| − | * See [[Internet Computer Performance]]
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| − | ===Environment and cost===
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| − | * Efficiency and costs approaches traditional IT stack - build anything
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| − | ===Network scales without limit===
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| − | Can scale to process unbounded volumes of smart contract data and computation
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| − | ===Network scaling is transparent to systems===
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| − | Network scaling is transparent to smart contract code
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| − | ===Web serving (true Web 3.0… dapp websites running on AWS is Web 2.0)===
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| − | * Smart contracts securely serve web-content directly to users
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| − | * Users interact with dapps w/o having a wallet or tokens (reverse gas + Internet Identity)
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| − | ===Network Nervous System===
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| − | * Automated in-protocol governance makes the network self-directed
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| − | * Network is constantly expanding, upgrading and improving, w/o downtime
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| − | * Seamless community-driven evolution and governance without disruptive hard forks
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| − | * Acts as a community fund that drives blockchain economy
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| − | ===Novel “canister” smart contract framework===
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| − | * Orthogonal persistence (data lives in persistent memory pages)
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| − | * Actor model (deterministic parallelism, internally and externally)
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| − | * Access to perfect randomness
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| − | * Integration with other blockchains e.g. they have Bitcoin addresses
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| − | ===Service Nervous System (SNS) economic framework for dapps===
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| − | * Advanced DAO can take control of a dapp
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| − | * Dapps run under the control of a community (full decentralization)
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| − | * Dapps run as extensions of the blockchain (microeconomy with macroeconomy)
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| − | * Dapps can raise funds into the SNS; funds controlled by community
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| − | * Cycles act as stable-value currency for DeFi
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