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Home»Blockchain»DFINITY president sees ICP’s computing power growing 500% year-over-year
Blockchain

DFINITY president sees ICP’s computing power growing 500% year-over-year

2024-09-14No Comments1 Min Read
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Dominic WILLIAMS, chief scientist at the DFINITY Foundation, shared major updates to the Internet Computer blockchain protocol. The updated Internet Computer deck describes the new developments in the decentralized ‘World Computer’ network. The document states that ICP’s proprietary applications boast resilience against cyber attacks. Enhanced security paves the way for easier blockchain-based website development and reduced application management requirements, the deck said.

The information provided by Williams also showed that ICP’s new software enables advanced AI functions. Developers can train AI models on the network to “design, build, deploy, and port” applications. ICP has also implemented automated processes for decentralized autonomous organizations and on-chain governance. In other words, an AI model can manage tasks when community members submit proposals.

The DAO AI tools on ICP can also finalize the parameters of a proposal if it receives community approval, reducing the chance of human and coding errors. Williams and the DFINITY Foundation noted that these upgrades significantly increased computing power on the ICP network, with the updated deck showing a 500% increase in this area year-over-year.

Image: TechCrunch

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computing Dfinity growing ICPs power president Sees yearoveryear
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