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    Internet Computer Basics

    Uploaded by

    Yaroslav Hodler
    The document provides an overview of the Internet Computer (IC) blockchain. Some key points: - The IC is a general-purpose blockchain that can host anything from social networks to large enterprise systems, removing the need for centralized IT. - It uses a novel consensus mechanism called Proof-of-Useful-Work that is efficient, secure, and unscalable. - The IC allows fully on-chain applications without relying on centralized cloud providers, providing complete decentralization. - Over 500 applications have already been built on the IC across various industries like social media, exchanges, and games.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Internet Computer Basics

    Uploaded by

    Yaroslav Hodler
    50 views37 pages
    The document provides an overview of the Internet Computer (IC) blockchain. Some key points: - The IC is a general-purpose blockchain that can host anything from social networks to large enterprise systems, removing the need for centralized IT. - It uses a novel consensus mechanism called Proof-of-Useful-Work that is efficient, secure, and unscalable. - The IC allows fully on-chain applications without relying on centralized cloud providers, providing complete decentralization. - Over 500 applications have already been built on the IC across various industries like social media, exchanges, and games.

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    20220331 Internet Computer Basics

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    The document provides an overview of the Internet Computer (IC) blockchain. Some key points: - The IC is a general-purpose blockchain that can host anything from social networks to large enterprise systems, removing the need for centralized IT. - It uses a novel consensus mechanism called Proof-of-Useful-Work that is efficient, secure, and unscalable. - The IC allows fully on-chain applications without relying on centralized cloud providers, providing complete decentralization. - Over 500 applications have already been built on the IC across various industries like social media, exchanges, and games.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    50 views37 pages

    Internet Computer Basics

    Uploaded by

    Yaroslav Hodler
    The document provides an overview of the Internet Computer (IC) blockchain. Some key points: - The IC is a general-purpose blockchain that can host anything from social networks to large enterprise systems, removing the need for centralized IT. - It uses a novel consensus mechanism called Proof-of-Useful-Work that is efficient, secure, and unscalable. - The IC allows fully on-chain applications without relying on centralized cloud providers, providing complete decentralization. - Over 500 applications have already been built on the IC across various industries like social media, exchanges, and games.

    Copyright:

    © All Rights Reserved
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    You are on page 1of 37

    Internet Computer

    Basics
    How is ICP Reimagining the Internet

    March 2023
    The First Real
    World Computer
    The Internet The Internet Computer is the fastest, most e cient, and only in nitely scalable
    general-purpose L1 blockchain — incubated and launched by the DFINITY

    Computer
    Foundation in May 2021.

    The Internet Computer is a World Computer blockchain that can host anything

    Blockchain from a social network to a large enterprise system — removing the need for
    centralized IT.

    The Internet Computer advanced blockchain code is tamperproof and unstoppable.


    It can truly scale, and runs with incredible e ciency serving web experiences to end-
    users, interacting with Web2, and trustlessly creating transactions on other chains.

    ICP is the last-generation public decentralized smart contract network. Thanks to the
    lowest in the industry on-chain data storage price and cutting-edge tech, you can
    host and automate any sort of dapp and service on ICP smart contracts called
    canisters.

    Read more (Website) Read more (Wiki)


    ffi
    ffi
    fi
    TABLE OF CONTENT

    GO TO
    Unique Features GO TO
    Building Amazing dApps
    of the Internet Computer

    GO TO
    End-to-End GO TO
    Chain Key Cryptography
    on-chain user experience & native blockchain integrations

    GO TO
    Internet Identity GO TO
    Industry-standard Reports

    GO TO
    Governance & ICP Token GO TO
    Cooperations

    GO TO
    DAOs on ICP GO TO
    DFINITY Foundation
    Service Nervous Systems
    Unique Features
    of the Internet Computer
    UNIQUE FEATURES OF THE INTERNET COMPUTER

    Novel Consensus Extremely safe Certified greenest Last generation


    Mechanism and reliable blockchain smart contracts

    Proof-of-Useful-Work 0 signi cant downtime 1 google search Canister smart


    E cient, secure, in >1.5 years of environmental impact = contracts can store
    unstoppable constant growth 2 transactions on ICP software and data

    Read more from Check for yourself Watch more (Youtube) Read more (Blog)
    the founder (Twitter) on our ICP live dashboard Read more (Report) Read more (Website)

    Read more (Wiki)


    ffi
    fi
    UNIQUE FEATURES OF THE INTERNET COMPUTER

    Cheapest & stable Unique Reverse $5.5 GB/year on-chain Direct HTTPS outcalls
    transaction cost Gas Fees Model data storage cost to Web2 sites

    Fixed 0.0001 $ICP x End-users never pay Million of times cheaper Enables Web3-Web2
    transaction cost allows for using dapps and than ETH. Apps don’t interoperability,
    in nite scalability web services need cloud services eliminates need for
    oracles

    Read more (Blog) Read more (Website) Read more (Guide) Read more (News)
    Read more (Website) Read more (Blog) Read more (Blog)
    fi
    End-to-End
    On-Chain User Experience
    END-TO-END ON-CHAIN USER EXPERIENCE

    Full-Stack Blockchain BLOCKCHAIN

    The Internet Computer can host online services and games


    fully on-chain without ever relying on centralized cloud
    END USERS
    providers. This provides complete decentralization and
    removes single points of failure.

    Web3 social platforms, exchanges, games, and other innovative


    projects are running on-chain on the IC.

    Explore the Full Web3 Experience


    END-TO-END ON-CHAIN USER EXPERIENCE

    Apps front end on-chain


    Now on-chain platforms like OpenChat, DSCVR, In nitySwap,
    distrikt, Papyrs, and many more are all optimised for search.
    Though their frontends are built on an advanced blockchain
    rather than traditional IT, this is no longer an obstacle to
    discoverability and large-scale adoption.

    Watch more (advanced)

    SEO Optimization
    First googleable smart contracts in the world. Discoverable
    (SEO compatible) on traditional search engines like
    Google. Visible on social media previews, even with on-chain
    URLs. Hosted on real and not “raw” blockchain URLs.

    Read more (Blog)


    fi
    Internet Identity
    Securely and seamlessly access the blockchain without wallet
    INTERNET IDENTITY

    The What and the Why


    Internet Identity is a gateway to applications on the Internet
    Computer anchored to your favorite devices. When you use
    Internet Identity, websites cannot collect and share information
    about your online activity. This is because Internet Identity
    helps you create and manage anonymous, independent
    accounts with one unique anchor. You get the privacy of having
    many di erent accounts without the burden of managing them.

    Read more (Website)


    ff
    INTERNET IDENTITY

    Get Started with Internet Identity


    It allows users to create sessions with Web3 services and
    dapps, and sign traditional blockchain transactions. You can
    sign up and login to any ICP dapp with it. It is performed with
    supreme security, ease and convenience, and in a completely
    decentralized way. Learn how to use Internet Identity.

    Create your Internet Identity


    Governance & ICP Token
    GOVERNANCE & ICP TOKEN

    ICP is a utility token which is used


    for these purposes:
    PARTICIPATING in the governance of the Internet TO PAY he entities who provide compute capacity
    Computer by staking ICP in the Network Nervous by operating node machines (node providers)
    System DAO (NNS) – in order to vote on proposals
    and earn voting rewards.
    Read more (Website) Go to NNS Dao Read more (Blog)

    TO TRANSFORM ICP into cycles ($XTC), which are TO INVEST in token sales of decentralized
    used as fuel for computation on the network – autonomous organizations (DAOs) on the Internet
    running and using dapps. Computer.

    Read more (Website) Read more (Website)


    GOVERNANCE & ICP TOKEN

    How to Stake Your $ICP Tokens


    DAOs on ICP
    Service Nervous Systems
    DAO’S ON ICP SERVICE NERVOUS SYSTEMS

    How it works
    Similarly to how the Network Nervous System (NNS) is the open tokenized DAO
    that controls the IC blockchain, service nervous systems (SNSs) are algorithmic
    DAOs that allow developers to hand over their dapps to decentralized, token-
    based governance systems since the very beginning. Each decentralized dapp
    would have its own SNS.

    Read more (Website)


    Read more (SNS-1)
    DAO’S ON ICP SERVICE NERVOUS SYSTEMS

    OpenChat DAO
    The rst SNS Dao is OpenChat, a fully featured chat Read more (News)
    application running end-to-end on the Internet Computer Read more (News)
    blockchain.

    9% 13% SNS community bounties


    SNS user rewards
    SNS DEX liquidity
    Founding dev team
    20%
    Seed founders
    Token NNS decentralization sale
    NNS reserve sale or burn
    allocation
    6% 38%

    12%
    2%
    fi
    Join 500++ Amazing dApps
    built on the Internet Computer
    W E B 2 W E B 3

    1000s of developers
    are now building on
    the Internet Computer
    Join the movement
    BUILDING AMAZING DAPPS

    How to build dApps on the Internet Computer


    The Internet Computer was built for devs and dapps. Here you’ll nd
    everything you need from beginner guides on its native
    programming language, Motoko, to advanced developer forums.

    Languages & Resources

    Motoko Open

    Rust Open

    Azle (TypeScript) Open

    Kybra (Python) Open


    fi
    BUILDING AMAZING DAPPS

    How to build dApps on the Internet Computer


    D nity Forums & Developer Communities
    D nity Foundation has created the D nity Forum which Number of dapps and the developer ecosystem are
    is not just a wealth of information, but also a place where growing fast on the IC, and everyone is out there to help
    it’s easy to connect with D nity researchers & also each other. Join the D nity Dev Server on Discord to
    ecosystem developers start connecting & getting your questions answered.

    Developer Forums Developers Discord


    fi
    fi
    fi
    fi
    fi
    $220m
    Developer Grant
    Program
    A PP LY NOW
    Community
    Grants Programm
    A PP LY NOW

    Read more (Blog)


    Chain Key Cryptography
    & Native Blockchain Integrations
    (no bridges)
    CHAIN KEY CRYPTOGRAPHY & NATIVE BLOCKCHAIN INTEGRATIONS

    Direct BTC Integration


    ICP canister smart contracts can hold, receive, and send native
    bitcoin on the Bitcoin network, bringing last generation smart
    contract functionality to Bitcoin without using unsafe bridges to
    wrap bitcoin.

    This is made possible rst by having access to the Bitcoin state,


    meaning the Internet Computer can store and update the
    whole Bitcoin state for secure and fast querying. The IC
    blockchain is able to sign Bitcoin transactions using threshold
    cryptography that allows multiple nodes to hold fractions of the
    secret key distributed among them.

    Read more (Blog)


    Read more (Website)
    fi
    CHAIN KEY CRYPTOGRAPHY & NATIVE BLOCKCHAIN INTEGRATIONS

    ckBTC Explained
    ckBTC is backed 1:1 by bitcoin, and because it lives on the ICP,
    you can transact it fast and cheap, just like ICP.

    The ckBTC minting canister smart contract shows all the


    UTXOs it holds, so you can check that the 1:1 status adds up to
    the amount of ckBTC in circulation. (veri able wrapped
    bitcoin).

    ckBTC removes the dangers of 3rd parties intermediaries and


    the hacking risks related to bridges. It maximize the web3
    experience of BTC making it easy to use and transact and web
    speed and neglectable fees

    Read more about coding BTC


    (advanced)
    fi
    CHAIN KEY CRYPTOGRAPHY & NATIVE BLOCKCHAIN INTEGRATIONS

    Upcoming ETH Integration


    Ethereum integration, and Internet Computer integrations with other
    blockchains, works slightly di erently than the one with Bitcoin,
    which involves UTXOs. Internet Computer smart contracts can
    create arbitrary Ethereum transactions, then query the results using
    HTTPS outcalls feature.

    Read more (Wiki)


    ff
    Industry Standard Reports
    featuring the Internet Computer Protocol
    INDUSTRY-STANDARD REPORTS

    +92% year-on-year
    growth in number
    of active
    developers
    Electric Capital Latest Report

    Read more (Report)


    Read more (Blog)
    INDUSTRY-STANDARD REPORTS

    Featured as a major
    player in the
    “Top 50” report by
    Crypto Valley.
    Crypto Valley Latest Report

    Download full report


    Cooperations
    CHAIN KEY CRYPTOGRAPHY & NATIVE BLOCKCHAIN INTEGRATIONS

    “100% Made in Italy” Brand to


    Leverage the Internet Computer Protocol
    FEDERITALY is a non-pro t organization that promotes and
    protects Italian entrepreneurship around the world. The
    DFINITY Foundation and FEDERITALY have partnered together
    to develop a FEDERITALY Dapp that will be used to enhance
    the services o ered by FEDERITALY.

    Read more (Blog)


    Read more (News)
    Read more (News)
    Watch more (YouTube)
    ff
    fi
    DFINITY Foundation
    A major contributor
    to the Internet Computer
    blockchain
    We operates globally with research centers in Zurich and
    San Francisco as well as team members working remotely
    across North America, Europe and Asia. DFINITY is as well the
    most established R&D organization in the blockchain space.

    1600+ 100 000+ 250+


    research papers academic citations technical patents

    Read more (Website)


    DFINITY FOUNDATION

    Dominic Williams
    Founder & Chief Scientist

    Dominic is a crypto theoretician and entrepreneur. His recent


    research includes Threshold Relay and PSC chains, Validation
    Towers and Trees, and USCIDs, and he proposes new ideas
    such as "The 3 E's of Sybil Resistance". Previously he ran a
    venture-backed MMO game using his own distributed systems
    that hosted millions of users.

    Follow Dominic
    Thanks!
    Please keep in touch.

    internetcomputer.org dfinity.org

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