DFINITY is a global computer network based on blockchain technology that was made in Switzerland and competes with Ethereum. The Internet Computer is developed, updated, upgraded, and kept in good shape through its network, which keeps business applications in a logical order. It is a foundation with its headquarters in Zug. It oversees teams working on blockchain-based cloud computing all over the world, as well as research and development labs in Zürich, San Francisco, and Palo Alto.
What does Dfinitiy want to turn into?
The main goal of DFINITY is to build a decentralized “Internet computer” that will make cloud services cheaper. This was done for the first time in 2021. Transactions on the DFINITY network are settled in 3 to 5 seconds, while Bitcoin transactions can take up to an hour and Ethereum transactions can take up to 10 minutes.
Internet Computer turns the features of the open Internet into a computer platform that can be used all over the world. The Internet Computer’s most important software is kept in a safe place. Because of this property, it is possible to build secure systems that don’t rely on fault tolerance, support systems, or firewalls.
This reduces the need for traditional files by allowing system integration, such as simple phone calls and the ability to remember things on the spot. This helps businesses get rid of things like database servers that need constant maintenance.
These features cut the high cost and complexity of IT by a large amount. They also make it possible for internet software solutions to be completely self-sufficient and solve security problems that already exist.
In 2018, DFINITY said it had started up and would give away $35 million worth of tokens for free. The goal of the company was to make “Cloud 3.0.” Because of rules, tokens couldn’t be given to people in the US.
The Internet Computer Mercury Genesis Event took place on May 7, and the mainnet and ICP token went live on May 10, 2021. Incredibly, the value of the new currency went up to $35 billion in only three days, which made a lot of people talk about it.
Is Dfinity a good way to spend your money?
The Internet Computer part of DFINITY gives entrepreneurs, software developers, and businesses who want to make software creation more efficient a number of options. As DFINITY amplifies and expands the public internet from a global platform to a public compute network, these opportunities become available.
This will be used by a lot of people to make building websites and business systems easier by getting rid of the need for firewalls, databases, and services. Business moguls and programmers can take advantage of the “open internet boom” by building their software directly on the public internet and making DeFi apps, cross-industry networks, and public internet services. Apps can run continuously on the Internet because they are not centralized and can be made bigger. I think DFINITY has a lot of possibilities, and more are on the way. Please tell us what you think in the comments.
What are Dfinity’s prices right now?
Dfinity costs about $50 USD right now. Since the product came out, the price has gone down by more than 90%.
ICP Price Predictions
The price of Dfinity seems to have hit its lowest point for a short time. There should be a small protest to get things better. Analysis of the technical side of ICP-USD for June 2022
In June, I think the price will drop below $8.2 USD. At 6.8 USD, there is an area of resistance. When ICP goes over 6.8 USD, the next goal is 4.20 USD.
Analysis of the technical side of ICP-BTC for June 2022
I think ICP BTC has also hit a low point. I think I’ll get better. Resistance is quite high at or near 0.0003. 0.00048 is the next point of resistance if we get past that point. Right now, it’s worth about 0.000276. So, I don’t think that my ICP score will go down any further in the next two months. Getting out of ICP soon doesn’t look like a good idea.
I don’t have high hopes for ICP in the long run. I thought the price listed for ICP was out of this world. Leave a comment with how much you think the ICP will cost.
Should You Put Your Money Into ICP?
In a bad market, I think that almost all alternative currencies have lost almost all of their value. Even though the price has already gone down by more than 90%, there are options that allow it to go down by another 95%. During the bear market of 2018, almost all of the other cryptocurrencies had the same problem. Still, I should also mention that ICP is a very stable base coin. As the Dfinity ecosystem changes, it’s possible that prices will go up even more. If the market shows signs of improvement, ICP could be a good long-term investment.