As a researcher with a background in blockchain technology and artificial intelligence, I’m intrigued by the DEFINITY Foundation’s updated roadmap for the Internet Computer protocol. The focus on reducing latency and increasing storage capacity, as well as integrating AI capabilities as smart contracts, is particularly noteworthy.
The DEFINITY Foundation, the organization responsible for creating the Internet Computer protocol, has recently revealed a new plan to promote wider usage of artificial intelligence (AI) in blockchain technology.
ICP, being the native cryptocurrency of the Internet Computer network, stands out among AI tokens and currently ranks 22nd in the list of top 100 cryptocurrencies. Lately, however, there have been price declines that have instigated a renewed emphasis from the Foundation on critical development areas to stimulate growth in ICP’s price movement and enhance the functionality of the protocol.
Internet Computer Roadmap
As a researcher delving into the field of the Internet Compute platform, I’ve noticed that the provided roadmap emphasizes two pivotal stages, referred to as “milestones” – Tokamak and Stellarator. The primary objective of Tokamak is to minimize latency by enhancing the block rate for every subnet and introducing a novel synchronous ingress submission endpoint.
As a researcher studying the field of blockchain technology, I can tell you that Stellarators are anticipated to expand the capacity of the storage layer. This enhancement will enable subnet blockchains to accommodate over one terabyte (1TB) of smart contract storage on Canisters. Additionally, it is believed that this development will optimize the efficiency of the consensus layer.
As a crypto investor, I’d put it this way: The DEFINITY Foundation is working to bring artificial intelligence (AI) capabilities directly into smart contracts on the Internet Computer protocol. This innovative approach aims to tackle the resource-draining aspects of AI training and inference processes, making them more efficient for all involved.
In the project’s timeline, achieving the Cyclotron milestone signifies enhancing on-chain artificial intelligence processing for larger models by optimizing the WebAssembly runtime and inference engine for better performance. Contrarily, the Gyrotron milestone focuses on incorporating AI-specific subnets with GPU compatibility, allowing complex computations, including those requiring significant computing power and memory resources, to be executed on the blockchain itself.
ICP’s Interoperability With Bitcoin, Ethereum, And Solana
ICP’s Chain Fusion tech enables seamless connection with prominent blockchains, such as Bitcoin, Ethereum, and EVMs. However, our plan sets out various stages to broaden this compatibility further.
Reaching the tritium milestone allows ICP to communicate and transact with Ethereum and its Ethereum Virtual Machine (EVM) smart contracts, enhancing inter-chain connectivity. The deuterium milestone expands Chain Fusion’s compatibility to include emerging Bitcoin protocols.
As a crypto investor, I find the upcoming milestone for Helium particularly intriguing. This development focuses on enhancing Chain Fusion between Helium and Solana. By achieving this fusion, it opens up opportunities for decentralized applications (dApps) to utilize the unique features of both networks simultaneously, thereby expanding their functionalities.
Following that, the Solenoid milestone gives control over ICP boundary node operations to the network’s users, enhancing decentralization. The Levitron milestone offers transparency into the Internet Computer’s edge infrastructure, enabling developers to analyze dApp usage trends and produce user data.
In the end, the Internet Computer (ICP) will adopt two distinct governance structures: the NNS (Internet Computer’s Decentralized Autonomous Organization) and the SNS framework for individual applications. The token economics motivates active participation in voting and aligns DAO decisions with long-term goals. These governance systems aim to facilitate true decentralization and community engagement.
At present, ICP’s price has undergone a substantial growth of 120% so far this year. Nevertheless, it is now being traded at $12.05 on the markets, representing a massive decrease of 98% compared to its historical peak of $700, which was reached in September 2023.
After being put into action, the effects of the roadmap on the cryptocurrency’s pricing and its ability to rekindle bullish trends while boosting usage across diverse applications are yet to unfold.
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2024-05-17 01:16