Difference between revisions of "DFINITY Foundation"

Revision as of 15:12, 29 October 2021

DFINITY is a name for the DFINITY Foundation, or more correctly, “DFINITY Stiftung”, a not-for-profit organization based in Zürich, Switzerland, that was founded in October 2016.

DFINITY's purpose is to support the Internet Computer ecosystem by contributing technology, and other means, and to advocate for its mission. DFINITY holds an endowment of ICP tokens currently worth several billion dollars, which it sells to fund its operations. While it has no shareholders or members, DFINITY acts competitively, just like a startup, with the aim of succeeding in its mission. Its stated mission is to drive a blockchain singularity, in which over time, the majority of humanity’s systems and services are be rebuilt, and reimagined, upon the Internet Computer blockchain using a new form of smart contracts called canisters.

DFINITY is held to its mission, which is defined in its notarial deed, by a regulatory framework operated by the Central Switzerland BVG and Foundation Supervisory Authority (ZBSA).

The organization can be described as Blockchain Maximalist, decentralization forward, and tech forward. DFINITY arguably runs blockchain's largest R&D operation, which employs many famous cryptographers, computer science researchers and senior engineers. It currently employs around 200 full-time personnel, with many working from dedicated research centers in locations including Zürich, Switzerland, and California, with others in remote teams. DFINITY is constantly integrating new talent into its team and scaling its R&D effort. By its own estimates, it will grow to employ thousands of R&D and operations staff in the coming years.

The name DFINITY derives from Decentralized inFINITY, which was first used by its founder Dominic Williams in 2015 to refer to technical research he had performed with the hope of enabling Ethereum to become a true world computer blockchain. Once it became apparent that a large and highly specialized team would need to perform years of blue sky R&D to realize the world computer vision, DFINITY become a standalone project. Today, the Internet Computer incorporates a blockchain architecture that has been totally rethought from the ground up in order to provide world computer capabilities.

DFINITY has become a go-to organization for talented individuals interested in working at the leading edge of blockchain science.

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 '''DFINITY''' is a name for the '''DFINITY Foundation''', or more correctly, '''“DFINITY Stiftung”''', a not-for-profit organization based in Zürich, Switzerland, that was founded in October 2016.
-DFINITY's purpose is to contribute technology to the [[Internet Computer]] blockchain ecosystem, to provide support and advocate for its mission. DFINITY holds an endowment of [[ICP tokens]] currently worth several billion dollars, which it sells to fund its operations. While it has no shareholders or members, DFINITY acts competitively, just like a startup, with a mission to drive a [[blockchain singularity]], in which over time the majority of humanity’s information systems and services will be rebuilt, and reimagined, upon the [[Internet Computer]] using a new form of [[smart contracts]] called [[canisters]]. DFINITY is held to this purpose, which is defined in its [[notarial deed]], by a regulatory framework operated by the [[Central Switzerland BVG and Foundation Supervisory Authority (ZBSA)]].
+DFINITY's purpose is to support the [[Internet Computer]] ecosystem by contributing technology, and other means, and to advocate for its mission. DFINITY holds an endowment of [[ICP tokens]] currently worth several billion dollars, which it sells to fund its operations. While it has no shareholders or members, DFINITY acts competitively, just like a startup, with the aim of succeeding in its mission. Its stated mission is to drive a [[blockchain singularity]], in which over time, the majority of humanity’s systems and services are be rebuilt, and reimagined, upon the [[Internet Computer]] blockchain using a new form of [[smart contracts]] called [[canisters]].
+DFINITY is held to its mission, which is defined in its [[notarial deed]], by a regulatory framework operated by the [[Central Switzerland BVG and Foundation Supervisory Authority (ZBSA)]].
 The organization can be described as [[Blockchain Maximalist]], decentralization forward, and tech forward. DFINITY arguably runs blockchain's largest R&D operation, which employs many famous [[cryptographers]], computer science researchers and senior engineers. It currently employs around 200 full-time personnel, with many working from dedicated research centers in locations including Zürich, Switzerland, and California, with others in remote teams. DFINITY is constantly integrating new talent into its team and scaling its R&D effort. By its own estimates, it will grow to employ thousands of R&D and operations staff in the coming years.