What is Dfinity and how does it relate to the Internet Computer?
Dfinity is a blockchain-based project that seeks to create an open, decentralized, and secure Internet Computer.
It is designed to be a public infrastructure that will enable developers to build and deploy software applications on the Internet in a secure and trustless manner. The project is based on the concept of "decentralized cloud computing" which seeks to provide an alternative to traditional cloud computing services such as Amazon Web Services or Microsoft Azure. The Internet Computer is the core component of Dfinity's platform.
It is a distributed ledger technology (DLT) that enables developers to deploy their applications on the Internet without relying on any centralized service provider. The Internet Computer provides an immutable, secure, and trustless environment for developers to build their applications on top of. It also provides a platform for users to access these applications without having to trust any third-party service provider.
The Dfinity network is powered by its native cryptocurrency, called DFN tokens. These tokens are used as incentives for miners who help maintain the network's security and integrity by verifying transactions and blocks. The tokens are also used as payment for services provided by the network such as storage or computation power.
In addition, they can be used as collateral for smart contracts deployed on the network.
