DFINITY president notes 500% YoY ICP compute growth

DFINITY Foundation Chief Scientist Dominic Williams shared significant upgrades implemented in the Internet Computer blockchain protocol.

Williams shared an updated Internet Computer (ICP) deck detailing new developments in the decentralized network that calls itself the “World Computer.” Perhaps the boldest claim in the document was that ICP-specific applications are immune to cyberattacks.

This means hackers and ransomware attacks cannot infiltrate tools built and hosted on ICP’s network. According to Deck, the improved security has paved the way for simplified blockchain web development and reduced application management requirements.

The information shared by Williams also revealed that a new ICP software is powering expanded AI functions. Developers can train AI models built into the network to “design, build, deploy, and deploy” applications. One example detailed a user setting Bitcoin (BTC) sell limit orders using AI prompts. Limit orders are trades executed at predetermined prices.

ICP has also introduced decentralized autonomous organizations and automated processes for on-chain governance. In other words, an AI model can manage tasks when community members submit proposals.

The AI ​​DAO tools in ICP can also finalize the parameters of a proposal if it receives community approval, reducing the possibility of human errors and code bugs. Williams and the DFINITY Foundation noted that these updates significantly increase on-chain computation on ICP’s network, with the updated deck highlighting a 500% YoY growth in this area.

The DFINITY Foundation split from the Ethereum community in 2015 and launched the open-source ICP protocol in May 2021. ICP sees itself as a global, decentralized chain where anyone can build anything.