Internet Computer Token Created Two Days Ago Now Valued At $45bn - Crazy!
Dfinity claims that because the Internet Computer Token system would not be a centrally controlled corporation and its network will be managed by people all over the world that means it will be robust enough to withstand a nuclear attack. That's robust alright! But herein lies another weakness with centrally controlled organisations like Amazon and Google, they are susceptible to threats like cyber attacks, natural disasters and conflicts. When you have a decentralised tokenised network that is distributed via open ledger technology then the network becomes a more difficult, more intangible thing to break.
Dfinity is attempting to create a revolutionary public network which will reduce computing costs and encourage developers to build their projects using defi and smart contracts. This is an excellent approach and something we welcome with open arms. Judging from the funds raised and the value of Internet Computer Token it has made an incredible start already. We'll be keeping a very close eye on this one that's for sure. We suggest you guys do the same.
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