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.
Interview with Dominic Williams and Tom Ding of Dfinity. Source: Epicenter.tv
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.
An explanation of Dfinity
Timeline
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.
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.
Funding rounds
Patents
People
Andreas Rossberg
Arthur Falls
Artia Moghbel
Ben Lynn
Blair Lewis
Further reading
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
Documentaries, videos and podcasts
Companies
News
References
Cryptocurrency
CompanyCompany attributes
Blockchain
Enterprise software
Smart contract (blockchain)
Software
Switzerland
California
San Francisco
Zürich
B2B
Limited partnership
Multicoin Capital
Andreessen Horowitz (a16z)
SV Angel
Polychain Capital
Scalar Capital
Aspect Ventures
Village Global
Amino Capital
Initial Coin Offering (ICO)Cryptocurrency attributes
Proof-of-stakeOther attributes
Palo Alto, California
InfinityCategories
Related Topics
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