The EVM RPC canister Beta is live ⌛
This service helps easily build integrations between ICP & Ethereum smart contracts 🖇️
It keeps dapps secure by automatically inferring consensus among multiple RPC providers with each outbound request 🔒
Try it 📑 https://t.co/J07bRlx0Hp
ICP is designed to revolutionise compute, and decentralization is key to its design.
The network runs under the direct control of an advanced DAO called the Network Nervous System (NNS).
Anyone can vote on proposals submitted to the NNS by locking up ICP tokens to create "voting neurons" (they are called neurons because they can be configured to vote automatically by following other neurons on a topic-by-topic basis).
Large numbers of proposals are being processed all the time, and they can be submitted by anyone. Some are related to general governance, and simply coalesce community opinion, for example regarding questions of network design.
Other proposals actually cause the network to do something in a fully automated way. For example, they can upgrade the node software running on node machines around the world, or adjust one of its internal subnet blockchains – the decentralized NNS directly manages and evolves the network.
The purpose of ICP is to revolutionise compute. You can build a social network on ICP, 100% on-chain (see OpenChat, https://t.co/CZ2UwofoZI, for a great example of what's possible). This raises the challenge of decentralization Vs efficiency.
The automation of the network by autonomous decentralized governance is essential to the network's application of "deterministic decentralization."
Deterministic decentralization is how the network solves the efficiency challenge: the Internet Computer is created by special "node machines" that are currently run by about 120 different "node providers" around the world, which nodes the NNS organizes into subnet blockchains in ways that create high-certaInty large Nakamoto coefficients, while minimizing replication, and thus cost.
When creating or reconfiguring a subnet blockchain (e.g. by adding or removing node machines), in applying deterministic decentralization, the NNS takes account of a lot of information.
It aims to ensure that the node machines that make up a subnet are a) owned/operated by independent node providers, b) installed in different data centers/co-location facilities, which are c) in dispersed geographies and d) different jurisdictions.
This can provide much more robust decentralization than anonymous PoS validators running on Big Tech's clouds, while – crucially – massively reducing replication cost, which is essential to the Internet Computer's mission of revolutionising backend compute on blockchain.
Last note: the configuration of subnet blockchains by the NNS also allows for the creation of specialist subnets e.g. recently a subnet was formed entirely from node machines running in the EU, which will allow canister smart contracts uploaded to the network to be tagged "GDPR-compliant."
Last last note: ICP subnet blockchains are true subnets, not standalone blockchains. They are combined into a single seamless blockchain environment, and are invisible to hosted smart contracts and users.
Last last last note: technically, the reconfiguration of subnets by the ICP protocol (Internet Computer Protocol) on direction of the NNS is highly complex, and involves a lot of specialized cryptographic protocols, including a "non interactive distributed key generation" protocol, "key resharing" protocols, and many other things.
TLDR; the Internet Computer is very decentralized by virtue of highly advanced unique crypto technologies
Today, most Web3 is built on AWS, and just keeps its tokens and NFTs on a blockchain. Usually that blockchain also runs on AWS
I'm proud that the Internet Computer | #ICP eliminates the need for the centralized Web2 stack
Glad to see others raising this:
https://t.co/EYqH0Tlg10