Internet

Smart contracts are coming to Bitcoin through Dfinity’s Internet Computer

Dfinity Foundation’s Internet Computer blockchain is bringing smart-contract capabilities to the Bitcoin (BTC) network, potentially opening the door to new use cases for the premier cryptocurrency. 

Internet Computer will utilize its so-called chain key cryptography to integrate with Bitcoin, paving the way for smart contracts with native BTC addresses that are hosted directly on Internet Computer, Dfinity Foundation announced Tuesday.

“Internet Computer smart contracts will gain access to bitcoin liquidity, and Bitcoin will gain powerful new smart contract functionality, without the need for insecure and cumbersome trusted bridging services,” explained Dominic Williams, the founder and chief scientist of Dfinity Foundation.

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The DFINITY Foundation Announces Internet Computer And Bitcoin Integration – Smart Contracts Come To Bitcoin

ZURICH–(BUSINESS WIRE)–The Internet Computer blockchain launched by the DFINITY Foundation will leverage new cryptography techniques to integrate with the Bitcoin network, resulting in smart contracts that directly operate on bitcoin balances for the first time. Related R&D work performed by DFINITY will be realized after the Internet Computer community passed a Network Nervous System (NNS) proposal on September 17 with 96.55% approval. It was already the 20,586th proposal sent to the NNS since the network launched in May.

Today, the Bitcoin network hosts almost a trillion dollars of value. However, the Bitcoin network does not currently host “Turing-complete”

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ICPunks to release 10,000 free NFTs in debut drop on the Internet Computer

ICPunks has announced the release of 10,000 nonfungible tokens (NFT) on the Internet Computer. Users are eligible to claim their free token Wednesday at 8 pm UTC.

Conceptualized by brothers Przemek and Tomasz Chojecki, alongside Adam Stępnik, the trio was inspired to create the avatars following acronym comparisons to the 1990s hip-hop duo Insane Clown Posse and the overwhelming success of the legendary CryptoPunk NFTs.

Following a series of exclusive early releases, it is expected that only 3,000 punks will be available to claim, one per user, at the time of release.

Cointelegraph spoke to Przemek, a co-founder of the

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Internet Computer (ICP). See Why!

Internet Computer just recently launched to the public in May 2021. Unlike SafeMoon, Shiba Inu and other new cryptocurrencies in 2021, Internet Computer has been in development for several years by some of the greatest minds in cryptography.

What is Internet Computer?

Internet Computer is an innovation upon normal blockchain technology. While other cryptocurrencies like Ethereum are focused on Proof-of-Stake technology, ICP uses neither Proof of Work or Proof of Stake. Instead, it uses queries and calls.

This revolutionary technology aims at being able to combine the high-speed data processing power of the internet with the security and trustlessness of

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Internet Computer (ICP) logs revenge recovery after crashing 95% since launch

Internet Computer (ICP) rose to spotlight among day-traders after rising 41.69% on Sunday.

The ICP/USD exchange rate closed the session at $42.98 after correcting lower from its intraday high of $45.01. At its quarter-to-date low, the pair was trading at $28.31. Meanwhile, on Monday, it surged to a new intraday high of $47.63. Therefore, its latest rebound returned as much as 68.27% in paper profits.

Internet Computer’s ICP logged its best one-day performance on Sunday. Source: TradingView.com

The major price retracement in the Internet Computer market also followed a steeper 95% decline since ICP’s debut more than a month ago

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Internet Computer Protocol (ICP) Hit Hard Amid the Recent Downtrend

Among the newer entrants into the crypto space that we covered a few weeks ago was the Internet Computer Protocol (ICP). While its launch was well received, helping it break through into the top 10 cryptocurrencies by market cap soon after it hit the market, things have not been going too well for the new token since then.

At the time of writing, ICP/USD is trading at around $34, down by nearly 35% over the past week and still trading bearish even as the sentiment in the wider crypto sector improves as Bitcoin and Ethereum pick up. Since its launch

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Internet Computer (ICP) Community Now Controls 60% of its Voting Power

  • Internet Computer (ICP) is in the hands of the community which controls 60% of the network’s voting power
  • The DFINITY Foundation and the Internet Computer Association will never hold more than 50% of the network’s voting power
  • The community will gather more voting power as more tokens are distributed
  • ICP has dropped out of the top 10 and down 92% since its all-time high of $737

The Internet Computer (ICP) network is solely in the hands of the community which now controls 60% of the voting power. This is according to an announcement by the team at the DFINITY foundation

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BIC’s Video News Show: Internet Computer’s Huge Potential

In this episode of the BeInCrypto video news show, host Jessica Walker takes a look at Internet Computer. Even with its price down 92% after debuting during an inopportune period, we think this one is worth exploring, both as a blockchain project and a coin.

What is Internet Computer?

If we had to describe Internet Computer in one phrase, we would call it a ‘decentralized version of the internet.’ Unlike the web we all use now, which revolves around a few tech companies, Internet Computer (ICP) allows all users to create apps, websites and other web-based services.

One way to

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Dfinity responds to Internet Computer decentralization and privacy concerns

Dfinity, the team behind the Internet Computer protocol, or ICP, has fired back at critics of its decentralization and privacy features in an “Ask Me Anything” on Reddit yesterday.

The team sought to assure that the project’s foundation does not have control over the majority of voting power, emphasizing that decentralization is a priority for the network as it moves forward.

The project aims to replace the public internet with a distributed network of data centers, nodes, subnets and users coordinated through the Network Nervous System, or NNS. The NNS decides which nodes can join Dfinity’s network, disciplines

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Dfinity Launches Uber-Ambitious ‘The Internet Computer’ After 5 Years of Development

The Internet Computer, the Dfinity Foundation’s long-awaited platform for smart contracts that run at internet speed, is now live.

“This is a completely new platform. This is a public platform, it’s an extension of the internet. And, you know, eventually, we’re chasing blockchain singularity,” founder Dominic Williams said in an interview.

It launches now with multiple ecosystem companies built to prove out its technology stack, including Enso Finance (a decentralized exchange), Distrikt (a professional social network), Fleek (infrastructure for the decentralized web) and Origyn (a provenance platform for luxury goods), among several others.

With this launch, the 469,213,710 utility tokens

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