Unlike in Proof-of-Work (PoW) systems, DFINITY does not require your machines to solve any puzzles. All the computational power of the network is used for actual transactions. As Proof-of-Stake is in itself a much less demanding process, the energy saving is substantial.
DFINITY does not require any GPUs or special chips to mine. This way you can use the hardware you already have to contribute to the network.
Hardware specs of your servers
Number of servers you are willing to use for DFINITY mining
Location of servers
DFINITY is a public network of client computers providing a "decentralized world compute cloud" where software can be installed and run with all the usual benefits expected of "smart contract" systems hosted on a traditional blockchain. The underlying technology is also designed to support highly resilient tamperproof private clouds that provide the added benefit that hosted software can call into smart contracts on the public cloud.
DFINITY is an Ethereum-family technology and is fully compatible with the public Ethereum network - if you can run a Dapp on Ethereum, you can run it on DFINITY too. There exist several fundamental differences between the networks however, and they are really sister systems offering different things. DFINITY introduces new crypto:3 protocols and techniques that aim to deliver extreme performance, unlimited scalability, interoperability and other benefits. Another difference is that whereas in Ethereum "The Code is Law", DFINITY introduces governance by a decentralized intelligence called the Blockchain Nervous System. These differences involve tradeoffs, and DFINITY is best understood as an exciting new extension of the Ethereum ecosystem that will make it much, much stronger.
Technology components used by the DFINITY project are being released into the public domain for those interested in decentralized technology (for example, software related to a crucial technique known as Threshold Relay is already in the public domain). A beta network created using the "Copper Release" client software is expected towards the end of Q1 2018. The expectation is that the Copper network will launch end Q2 2018. A supporting foundation, DFINITY Stiftung, has been created in Zug, and will assist with work.
Yes. DFINITY protocol research began with the assumption that the network must contain a million or more mining computers, and that together these will be required to provide a massive virtual compute capacity (i.e. scale out). Research objectives also include considerations regarding how the network can meet different kinds of computational requirements. For example, Web search is in many ways very suited to vast decentralized networks, but the need for results to be returned quickly requires engineers are given flexibility in how they schedule validated computations. These kinds of considerations are baked into DFINITY's thinking.
Unsurprisingly, DFINITY can be traced back to cypherpunk and decentralization thinking, but there are some twists. Back in 1999 Dominic Williams was using Wei Dai's crypto++ library and came across his bMoney proposal. The idea struck him as important, although he was consumed with working on a Dot Com era technology and had no time to follow up. He independently developed deep interests in distributed computing and scalability - he launched an MMO game in 2010 that grew to 3MM users that relied heavily on technology he created. In 2013 Dominic abandoned everything he was doing to concentrate on decentralization technology, working through 2014 on theory. DFINITY came out of an earlier project called Pebble that was involved scaling needs.
In 2015 Dominic teamed up with Tom Ding, a crypto entrepreneur, and co-founded a crypto studio, incubator and investor in Palo Alto called String Labs. Due to extensive theoretical groundwork already existing, and pressing demand for the functionality only an AI-governed world compute "decentralized cloud" can easily deliver, String Labs decided DFINITY would be the first protocol it helped incubate to production. The core team was later joined by Timo Hanke, a cryptographer who had previous designed ASIC Boost. Stiftung DFINITY has been formed to take the project to the next stage.
We stay carefully in touch but are only indirectly linked. We are located near Stanford University and Dominic's designs rely heavily on applying the BLS algorithm to create randomness, which was designed by Dan Boneh and his PhDs. Dominic attends events and occasionally talks on campus. There has been cooperation with the Decentralized and Distributed Systems (DEDIS) Group at École Polytechnique Fédérale de Lausanne (EPFL), which had two members working full time on DFINITY. Before DFINITY in 2014 the Pebble project included several academics now well known for their interests in crypto including Andrew Miller, Elaine Shi, Steve Omohundro and Ferdinando Ametrano. Although DFINITY uses very different systems, Honey Badger is closely related to an approach to distributed consensus originally used by Pebble. The DFINITY project counts several academics as contributors - and interested parties should contact us to see how they can help.
We can be found in Silicon Valley and all around the world, especially at crypto conferences!!! Feel free to drop us a line [email protected]
Yes. The first three client releases are: