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Cryptocurrency News Articles
Internet Computer Unleashes Grand Vision to Advance AI and Connectivity
May 17, 2024 at 06:00 am
The DEFINITY Foundation has unveiled an updated roadmap to enhance AI blockchain adoption and revitalize the Internet Computer Protocol's (ICP) price action. The milestones, Tokamak and Stellarator, aim to reduce latency and increase storage capacity. The roadmap also introduces Chain Fusion technology for interoperability with Bitcoin, Ethereum, and Solana, along with governance systems NNS and SNS. ICP's price has recently surged by 120% year-to-date, showing potential for growth as the roadmap is implemented.
Internet Computer Unveils Ambitious Roadmap to Enhance AI Capabilities and Interoperability
Zurich, Switzerland - DEFINITY Foundation, the organization responsible for the development of the Internet Computer protocol, has unveiled an updated roadmap outlining a comprehensive strategy to drive the adoption of artificial intelligence (AI) blockchain technology.
ICP Dominance in AI Token Market
As the native token of the Internet Computer network, ICP has emerged as a dominant force in the AI token market, currently ranking as the 22nd most valuable cryptocurrency among the top 100. This remarkable achievement reflects the growing recognition of ICP's potential to revolutionize the AI landscape.
Roadmap Highlights
The roadmap articulates a series of key milestones that will guide the development of the Internet Computer platform. These milestones aim to enhance AI capabilities, interoperability, and governance mechanisms, ultimately driving the adoption of the protocol across a wide range of applications.
Tokamak and Stellarator: Infrastructure Upgrades
Two pivotal milestones, dubbed "Tokamak" and "Stellarator," focus on improving the underlying infrastructure of the Internet Computer. Tokamak aims to reduce latency by maximizing the block rate of each subnet and implementing a synchronous ingress submission endpoint. Stellarator, on the other hand, seeks to expand the storage layer, enabling subnet blockchains to accommodate over 1TB of canister smart contract storage while enhancing the efficiency of the consensus layer.
Cyclotron and Gyrotron: AI Integration
The roadmap also outlines milestones dedicated to integrating AI capabilities into the Internet Computer protocol. "Cyclotron" focuses on improving on-chain inference for larger AI models, while "Gyrotron" explores the integration of AI-specialized subnets equipped with GPU support, enabling computationally and memory-intensive computations on-chain.
Chain Fusion: Interoperability with Major Blockchains
The Internet Computer's Chain Fusion technology has the potential to facilitate direct interoperability with major blockchains, including Bitcoin, Ethereum, and Ethereum Virtual Machines (EVMs). The roadmap introduces several additional milestones to expand the protocol's interoperability capabilities.
"Tritium" enables ICP to interact with Ethereum and EVM smart contracts, fostering cross-chain communication. "Deuterium" extends Chain Fusion support to emerging Bitcoin protocols. Notably, the "Helium" milestone aims to integrate Chain Fusion with the Solana network, allowing decentralized applications (dApps) to leverage the combined capabilities of both platforms.
Governance and Decentralization
The roadmap also emphasizes the importance of governance and decentralization. It proposes the incorporation of two governance systems: the NNS (Internet Computer's DAO) and the SNS framework for governing individual dApps. The NNS will incentivize voting participation and align DAO decisions with long-term interests. These governance mechanisms aim to ensure decentralized decision-making and active community involvement.
Market Performance and Future Outlook
ICP's price has experienced significant volatility in recent months. While it has achieved a notable 120% increase year-to-date, it currently trades at $12.05, a substantial 98% below its all-time high of $700 reached in September 2023.
The full impact of the roadmap on ICP's price and adoption remains to be determined. However, the ambitious goals outlined in the roadmap signal DEFINITY Foundation's commitment to driving the growth of the Internet Computer protocol and its potential to revolutionize the way we interact with AI technology.
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