Reboot of the Internet through Blockchain

Internet Computer Protocol Reboot of the Internet through Blockchain

The Blockchain is changing the world. Crypto-currencies have an algorithm with predefined constraints. In the case of the Transfer of property, like a house purchase, embarked on new paths. Also, the Internet could be in for a “Blockchain-Disruption.”

On Blockchain-based is currently working on an algorithm-Governance System, which can generate in the Web any number of Blockchains in the sense of subnets. As a result, there could be a “German subnet” or a broader “European subnet”. Participating companies or individuals can predefine for example: “I don’t want my data outside of Germany will be given more.”

A network full of subnets

Dominic Williams, founder and Chief Scientist at Dfinity

At this point, the NNS (Network Nervous System) comes into play. Dominic Williams, founder and chief researcher at the Dfinity Foundation, the federfüh is around, in this endeavour, describes the NNS as “algorithmic control system that includes independent data centers in the network.” The NNS could leave if the appropriate settings are only independent data centres in the German subnet to use. Against this Background, the data would not leave the country, which may, for example, help with legal requirements to comply with. However, this advantage is only a partial aspect.

The “Internet Computer Protocol” (ICP)

Actually, Williams and his Team at the so-called “Internet Computer”, or the underlying “Internet Computer Protocol” (ICP).

The Internet Computer is to extend the functionality of the Internet is a public computing platform that enables developers and entrepreneurs on the Internet Computer Protocol, Websites, enterprise systems, cross-industry platforms and open Internet services.

Currently, Dfinity, according to Williams over 130 of the world’s most experienced cryptographers, engineers, distributed systems, programming languages, and operations experts. Because the Internet is the Computer part of the public Internet similar to Darpa and Cern, the focus is the Dfinity Foundation, ultimately, to “ensure that the greatest invention of mankind remains always open and free.” Through Blockchain-based decentralization of the same.

The Foundation presented so far, decentralized (but little known) Alternatives to Linkedin and TikTok, and she opened the network for developers and launched the aforementioned Network Nervous System, the open algorithmic Governance System. Williams speaks of the Internet gradually restart, by a new type of open Internet is introduced services “to include it with the Big Techs, as well as tamper-proof company to develop systems to the exponentially growing security risks in combat”.

Function

And it goes like this: The Internet Computer Protocol (ICP) to develop in a certain way, the functionality of the public Internet by intertwines the compute capacity in independent data centers that are operated around the world, to each other. “As a result, a virtual, unified public computing platform for developers and companies to develop new facilities, Software and services directly in this networked System, and host. The contrast to the “centrally controlled and owned by technology giant server farms”, in the decentralization explains the Dfinity founder.

Under the networked participants, it allows holders of ICP-Tokens, proposals to the vote. This type of organization is reminiscent of the decentralized self-management crypto-currencies.

To participate in the management of the Internet computer network, a block Token-holders of the ICP-management-Token within the network nervous system and create a sort of “neurons”, on the proposals to be voted on. Rewards for participating in the vote will be paid with ICP-Tokens as an incentive.

Neurons and ICP-Token

“If you create a Neuron, its voting power, and the rewards they receive from the network nervous system, if your Neuron tuning, initially proportional to the number of ICP Token that you include in it. A Neuron that includes, for example, 200 Tokens, has in equality for all things double the power of voting and will receive a double reward for voting, such as a Neuron, which captures 100 Tokens,“ says Williams.

But how would that work in practice? Token holders will be able to configure your Neuron so that it coordinates automatically, by following other neurons of the trust (such as a recognized technical expert), so that it is possible to receive the maximum reward, without having to be an expert in cryptography and distributed systems.

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