Dfinity launched Internet Computer last week. ICP, its cryptocurrency, already has a market cap of over $30 billion. This article is not about the value of owning ICP or how or why you may or may not want to trade crypto. I’m not going to offer any financial advice here. What interests me is how strongly Dfinity’s vision aligns with my piece about what life could be like in a decentralized world, thanks to Ralph Merkle. In the essay, I ask you to imagine a world powered by decentralized apps (dapps), where currencies are traded on decentralized exchanges (DEXs), and people transact business on distributed ledgers (a.k.a., blockchains). I also suggest that the future I asked you to envision “is literally just months away.” I was wrong. It’s happening right now. Or is it?
Here’s how Internet Computer describes itself:
The last original Layer 1 blockchain project is launching a revolutionary public network that provides a limitless environment for smart contracts that run at web speed, serve web, scale, and reduce compute costs by a million times or more. Build everything from DeFi, to mass market tokenized social media services that run on-chain, or extend Ethereum dapps. Chase the blockchain singularity. What do you think about Dfinity's vision ?