Golden
Dfinity

Dfinity

Dfinity is a decentralized computing network currently in development using blockchain technology and algorithmic governance.

Dfinity is a decentralized computing network currently in development using blockchain and algorithmic governance supported by the crypto studio String Labs based in Palo Alto, CA, USA. The dfinity protocol is designed to be self governing through a network Dfinity calls a "Blockchain Nervous System", with a proof of stake consensus like consensus algorithm using a verifiable random function known as a randomness beacon. It was founded in 2014 and includes chief scientist and president Dominic Williams, CEO Tom Ding, Timo Hanke, Ben Lynn and others. The company is privately held with funding both from community fundraising as well as venture capital funding from Polychain Capital, Andreessen Horowitz and others.





Consensus mechanism

Decentralized consensus is separated into four layers beginning with the identity layer, then the random beacon layer, then the blockchain layer, and finally a notary layer. Quorum selection is driven by a verifiable random function or randomness beacon, which produces a source of cryptographic randomness.





Timeline

February 8, 2018

Dfinity announces a $61M fundraising round led by Polychain Capital and Andreessen Horowitz

The round $61M round led by Polychain Capital and Andreessen Horowitz, along with an DFINITY Ecosystem Venture Fund which will be used to support projects developing on the DFINITY platform, and an Ethereum based raise in 2017 brings the total funding for the project over $100 million. This is the first cryptocurrency token that Andressen Horowitz has invested in, led by Chris Dixon. 

October 26, 2017

Dfinity testnet demo is released



February 14, 2017

Ethereum based community seed round raises 4M Swiss francs (CHF)

The round was raised by the DFINITY Stiftung, a not-for-profit foundation entity based in Zug, Switzerland. The foundation held $10M of assets as of April 2017.

People

Name
Role
Related Golden topics

Andreas Rossberg





Arthur Falls





Artia Moghbel





Ben Lynn





Blair Lewis





Bryan Ford





Cedric Waldburger





Cristina Basescu





David J. Namdar

Investor



Derek Minter

Employee



Dominic Williams





Eleftherios K'-Kogias





Enzo Haussecker





Ewa Syta





Linus Gasser





Maciej Wos





Mahnush Movahedi





Martin Becze





Michael Hunte





Nicolas Gailly





Norton Wang





Paul Liu





Philipp Jovanovic





Robert Lauko





Shigeo Mitsunari





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Further reading

Title
Author
Link
Type

Blockchain Project Raises $61 Million from A16Z, Polychain Capital - CoinDesk

Stan Higgins



Dfinity raises $61 million for blockchain-based cloud

Mo Marshall



Dfinity raises $61 million for platform that rivals ethereum

Seema Mody



DFINITY Technology Overview Series Consensus System

Timo Hanke, Mahnush Movahedi, Dominic Williams



Dfinity: Inside the blockchain nervous system of the 'World Computer'

Ian Allison



The DFINITY “Blockchain Nervous System” – DFINITY Blog – Medium

Dominic Williams



Documentaries, videos and podcasts

Title
Date
Link





Companies

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CEO
Location
Products/Services









References