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Altcoins

DFINITY president notes 500% YoY ICP compute growth

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DFINITY president notes 500% YoY ICP compute growth

Dominic Williams, chief scientist at DFINITY Foundation, shared major upgrades implemented across the Internet Computer blockchain protocol.

Williams shared an updated Internet Computer (ICP) deck detailing new developments on the self-styled “World Computer” decentralized network. Perhaps the boldest claim in the document said ICP-native applications boast cyber attack immunity.

Internet Computer #ICP deck update
– High-level explanations
– Easter Eggs ?⚡️

? https://t.co/QGlx6XUjWF pic.twitter.com/eA0UPgUXrm

— dom.icp ∞ (@dominic_w) September 11, 2024

This means hackers and ransomware attacks cannot infiltrate tools built and hosted on ICP’s network. Improved security has paved the way for simplified blockchain web development and lowered app administration requirements, according to the deck.

The information shared by Williams also revealed that a new ICP software powers expanded artificial intelligence functions. Developers can train network-resident AI models to “design, build, deploy, and handoff” apps. One example detailed a user setting Bitcoin (BTC) sell limit orders using AI prompts. Limit orders refer to trades executed at pre-determined prices.

You might also like: DFINITY launches API to enhance blockchain interoperability

ICP has also introduced automated processes for decentralized autonomous organizations and on-chain governance. In other words, an AI model can manage tasks when community members submit proposals.

AI DAO tools on ICP can also finalize the proposal’s parameters if it gains community approval, reducing the chances of human errors and code bugs. Williams and the DFINITY Foundation noted that these updates have significantly boosted on-chain compute on ICP’s network, with the updated deck highlighting a 500% year-on-year growth in this area.

DFINITY Foundation spun out from Ethereum’s community in 2015 and launched the open-source ICP protocol in May 2021. ICP envisions itself as a global decentralized chain where anyone can build anything.

Read more: Dfinity: A Blockchain With a Nervous System

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