The First Real World Computer: The Internet Computer Blockchain - TOKEN2049 London 2022
Explore the transformative potential of the Internet Computer Blockchain, discussed at TOKEN2049 London 2022. This groundbreaking session delves into the Internet Computer's unique position as the first true world computer, seamlessly integrating with blockchain technology to redefine the possibilities of Web3 development.
Originating from a sophisticated research and development initiative in Switzerland and San Francisco, the Internet Computer allows smart contracts to process web requests directly, eliminating reliance on centralized platforms like Amazon Web Services. This innovation represents a significant advancement for blockchain technology, offering a truly decentralized and scalable infrastructure. Storing data on the Internet Computer is astonishingly economical, costing only a fraction of what it would on other blockchains, such as Solana or Ethereum.
The talk introduces 'Blockchain Singularity,' a concept where the world's systems and services operate entirely on blockchains, thus transforming the underpinning architecture of Web3. Furthermore, the Internet Computer's decentralized governance—managed by the Network Nervous System DAO—ensures autonomous upgrades and enhances security, efficiency, and sustainability with its proof-of-useful-work consensus mechanism.
Key highlights include the capability to run fully on-chain applications—from social networks to gaming—placing complete control in decentralized autonomous organizations (DAOs), thus realizing the Web3 vision of true user ownership. The session also touches upon the Internet Computer's ability to handle Bitcoin and Ethereum transactions without intermediaries, ensuring a secure, trustless environment free from hack-prone bridges.
Discover how the Internet Computer Blockchain represents a paradigm shift in the scalability, efficiency, and environmental impact of blockchain technology, paving the way for a new era in decentralized applications.
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