1st Anniversary of DFINITY Mainnet Launch: Leading the Open Internet Boom

Since 2016, the DFINITY Foundation, led by its Founder and Chief Scientist Dominic Williams, has been working on high-performance computer protocols.

After years of intensive research, on December 18, 2020, the DFINITY Foundation launched the decentralization of the Internet Computer mainnet according to the Mercury milestone and aimed to become the world’s first blockchain that can increase its capacity without bound.

The advancement of the Mercury milestone has successfully opened the door to decentralization of Internet Computer and changed the way the world builds the Internet.

Positive network effects and an open competitive environment allow more developers to join the IC ecosystem. Many developers are building countless wonderful implementations using the DFINITY Canister SDK and the Motoko programming language.

At 10 am PT on May 7, 2021, after five years of accumulation and iteration, the DFINITY Foundation released the Internet Computer Mercury Genesis, which represented the launch of the much-anticipated DFINITY mainnet.

As the world’s first blockchain network capable of self-renewal and real-time development, less than a month after the release of Mercury Genesis, NNS, an open algorithmic governance system of Internet Computer, processed nearly 5,000 proposals, allowing it to control all aspects of the network in a more open and secure way.

This also shows that in the Internet Computer ecosystem, the control of network governance will no longer be monopolized by technology giants in the Web2, but will be handed back to users and communities.

In terms of speed and scalability, according to the Internet Computer Performance Load testing, the Internet Computer is capable of processing up to 11,500 transactions per second and processing more than 250,000 queries per second. The Internet Computer’s average 2-second transaction finality is also amazing, surpassing other public chains such as BTC and ETH.

So far, the Internet Computer has created more than 700 million blocks, onboarded more than 500 nodes. The community also deployed over 65,000 canister smart contracts.

The participation of more and more outstanding developers, contributors, and participants shows the prosperity and activity of the IC ecosystem.

Since the launch of the DFINITY Developer Grant Program, more than 150 projects have been successfully awarded resources, covering areas including social media, metaverse, NFTs, games, infrastructure, and so on.

For developers ready to participate in building or are building the future of Web3, the major scientific and technological breakthroughs behind DFINITY create the excellent environment for open Internet services and cross-industry convergence.

At Web Summit 2020 and the World Blockchain Conference, DFINITY Founder and Chief Scientist Dominic Williams presented a vision of the future, “The developer of the future builds simply by writing abstract logic into cyberspace, making use of revolutionary new capabilities.”

We can be sure that on the first anniversary of the DFINITY mainnet launch, the Internet Computer is heading in this direction and is leading the open Internet boom.

Here, Force Web3 Community has also compiled Milestones of Internet Computer Genesis One-year Anniversary. Let us review the development footprint of DFINITY in the past year together!