Internet Computer vision
From Internet Computer Wiki
Revision as of 21:29, 5 January 2022 by Diego.prats (talk | contribs)
- The Internet Computer** blockchain is a real "world computer" that removes the traditional limitations of smart contracts using advanced new cryptography and distributed protocols.
Vision and Value Propositions
Web speed
Fast smart contracts allow you to build anything
Environment and cost
- Efficiency and costs approaches traditional IT stack - build anything
Network scales without limit
Can scale to process unbounded volumes of smart contract data and computation
Network scaling is transparent to systems
Network scaling is transparent to smart contract code
Web serving (true Web 3.0… dapp websites running on AWS is Web 2.0)
- Smart contracts securely serve web-content directly to users
- Users interact with dapps w/o having a wallet or tokens (reverse gas + Internet Identity)
Network Nervous System
- Automated in-protocol governance makes the network self-directed
- Network is constantly expanding, upgrading and improving, w/o downtime
- Seamless community-driven evolution and governance without disruptive hard forks
- Acts as a community fund that drives blockchain economy
Novel “canister” smart contract framework
- Orthogonal persistence (data lives in persistent memory pages)
- Actor model (deterministic parallelism, internally and externally)
- Access to perfect randomness
- Integration with other blockchains e.g. they have Bitcoin addresses
Service Nervous System (SNS) economic framework for dapps
- Advanced DAO can take control of a dapp
- Dapps run under the control of a community (full decentralization)
- Dapps run as extensions of the blockchain (microeconomy with macroeconomy)
- Dapps can raise funds into the SNS; funds controlled by community
- Cycles act as stable-value currency for DeFi