The “Dfinity” project introduces blockchain-based cloud computing, and aims to develop a decentralized Internet computer to work as a cloud for Web 3.0.

Previously, the “Dfinity” project had raised $195 million to develop a blockchain-based computing network. Among the most important investors were:

Andreessen Horowitz and Polychain Capital.

The project also aims to compete with cloud computing systems such as those offered by Amazon.

Dfinity has announced a new update called Internet Computer.

Advertising And the new update was published by Dominic Williams, founder and CEO of the “Dfinity” project, via “Medium”, and it stated:

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The main network of the “internet computer” is now in place.

“Internet Computer” is an update from “Dfinity” that aspires to activate and implement the ambitious new network promised by the project.

Although the statement and announcement were published yesterday, the main network for updating the “Internet Computer” actually started on December 18, 2020.

The announcement of the Internet computer “Mainnet” and a roadmap for 20 years.Tweet embed #InternetComputer

– Dominic Williams (@dominic_w) January 6, 2021

The aforementioned blog explains the mechanism of the new update and provides an explanation for it. The blog also explains a plan for 20 years in the future.

It is worth noting that Dfinity was valued at about $10 billion last year.

From what was stated in the publication published by Mr. Dominic Williams, the following:

In 20 years, the open internet will finally be much larger than the ecosystem owned by big tech companies.

The dominance of these large companies will begin to wane, but it will take some time.

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Williams also suggests that “open” versions of popular apps such as Uber, Google Photos and TikTok could be developed.

The blog’s Open Applications Service indicates that it will likely reward early adopters with digital currency for governance.

“Dfinity” has previously developed a model application to communicate its idea called “CanCan”, a competitor to the “TikTok” application, while highlighting some of the capabilities of what it offers.

Launching a decentralized application that competes with “TikTok” and does not intrude on data

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