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
2 years from ICP's groundbreaking beginnings to its global impact, get ready to be inspired by the resilience, innovation, and endless possibilities on the #WorldComputer ♾
The time for the #InternetComputer is now 🚀
@dominic_w walks us through the ICP adventure👇
@natabajic@hem_day@ZelenskyyUa in my lifetime, Serbia invaded 4 countries where they raped and massacred civilians. It would continue, but NATO stepped in. And now you whine and hate NATO because NATO threw a couple of bombs on Belgrade to stop you from committing genocide lol.
$ICP is the only network that's seeing organic growth during the bear market, imo.
Developers who realize $ICP is the only blockchain you can build full stack applications on are pioneering the biggest breakthrough of the 21st century.
I'm grateful to be a part of this.
"How would you respond to the [claims of Russian Foreign affairs ministry] that supplying F-16s is a colossal risk?" - @POTUS was asked in Hiroshima at the G7 Summit.
"It is for them" he replied.
@dominic_w@spreekaway Dominic, you have my full support. Enough is enough. Sue all the fuckers who think they can slander and spread lies without any consequences.
@AdamKinzinger@elonmusk Hey Elon, is it morally right that your fat ass is sitting on billions of dollars while 4yo children across the globe work all day in the mines for a few grains of rice?
You've been tricked into believing $ICP is a scam.
The accumulation phase is almost over.
The next bull run will start, your money will be stuck in mediocre at best projects, and you will watch ICP forge new millionaires around you.
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@dfinity My least favorite project concerning #ICP is when @SBF_FTX and @FTX_Official sabotaged the launch of $icp by manipulating the market because they wanted to protect their @solana project.
The Decentralized Revolution is being fueled by #ICP projects ⚡️
But we have one question 🤔
What are some of your favorite projects in the ecosystem?
Let us know below 👀👇
The world needs to see and know this.
A railway station and a crossing, a house, a hardware store, a grocery supermarket, a gas station - do you know what unites these places? The bloody trail that 🇷🇺 leaves with its shells, killing civilians in Kherson and Kherson region.
As of now, 21 people have been killed! 48 wounded! All civilians! In one incomplete day! In one region! My condolences to the families and friends of the victims.
We will never forgive the culprits. We will defeat 🇷🇺 evil state and hold all the perpetrators to account!
Stay up-to-date with the #ICP NFT scene using @dgdg_app 🤩
Discover top and trending projects, and much more 🔎
Exciting things are in store for @dgdg_app 👀
Don't miss out, check it out now 👉 https://t.co/gORMSmCp3a
BREAKING: The Los Angeles Times drops bombshell on Twitter CEO Elon Musk, reveals that a brand new study just found that he is lying about hate speech going down on Twitter since he took over — finding that it has actually DOUBLED since he took over.
This puts Twitter at risk of helping extremists become “radicalized online by what has been termed stochastic terrorism, in which hate speech is used to incite violent acts.”
This should be deeply concerning to every Twitter user. Please RT and ❤️ to spread awareness about Twitter’s pressing threat to our democracy — and consider joining https://t.co/3VM3MqTSy0, a new pro-democracy Twitter competitor that I created. Afraid of competition, Musk banned the official Tribel Twitter account last week — but he hasn’t yet banned this link to download the new Tribel app: https://t.co/0c9FDbB14A