Dfinity Report by Jesse

Bitcoin continues to shake out $60k FOMO entries by the minute. With many others like myself praising the Bitcoin Gods for another chance to buy the dip. While no one can tell you where the price will go from here. A few altcoins like the unstoppable force of Polygon continue to pour on the sickest of gains this year. From just January 2021 MATIC has returned a solid 100x in around 120 days. Sushi and Harmony had respectable 50% gains this week. But, nothing close to the value capture that continues to happen with the Polygon ecosystem. Jumping into this week, we’ll be looking at both a long anticipated and fairly forgotten cloud computing project from 2017 called Internet Computer Protocol.

Introduction

The Internet Computer Protocol is a project developed by the DFINITY Foundation to create the world's first adaptive blockchain Virtual Machine. With the sole purpose of extending the functionality of the public internet from a network that connects billions of people, to a public computing platform that empowers millions of developers and users. To provide a revolutionary new way to build mass-market open internet services, pan-industry platforms, secure enterprise systems and websites. Without the need for legacy IT such as centralized cloud computing services, databases, and firewalls. Scalability is a huge problem for decentralized apps and smart contracts as seen with Ethereum. The Internet Computer project aims to address this problem and solve the scalability trilemma while still maintaining decentralization with scalability. The Internet Computer itself is a dynamic collection of intercommunicating replicated state machines. With commands for atomic broadcast on one replicated state machine derived from messages received