DFINITY becomes part of the Eterna Capital portfolio
Eterna Capital seeks to create a high conviction portfolio made of high quality projects for its investors. We are happy to officially announce our recent investment into DFINITY.
DFINITY is branding itself as the “Internet Computer” of tomorrow by building a new kind of public decentralized cloud computing resource — which will be — more secure and reliable than today’s computing offering.
Backed by an incredibly strong team of experts in cryptography and computer science, DFINITY is a new blockchain computer that is similar in concept to Ethereum but aims to have vastly improved performance and, ultimately, unlimited capacity. Business applications running on this computer will be limitless and simple to implement, allowing costs to be cut by 90% or more by reducing the supporting human capital required.
“We believe that, if you really want to have an internet computer that runs the world’s software, it’s not just about releasing some protocol. It’s about having an organization that can support that network, large enough that it can provide people with the confidence they need to actually build production system on top of the network,” president and chief scientist Dominic Williams said in an interview with Mashable.
DFINITY’s team developed a new way to create randomness — a hard problem in cryptography — enabling for a much faster new consensus algorithm.
Thanks to its blockchain nervous system ‘BNS’, DFINITY created a governance mechanism promoting a fair system that auto-regulates itself — a type of democracy in which network participants can choose to automate their decisions based on the decisions of other trusted participants.
DFINITY is another example of a project in our portfolio who have decided to complete the fundraising for their token sale privately. We are proud to be able to give our investors exposure to such a high-quality project with great potential.
Eterna is delighted to be part of DFINITY’s journey and to support building its community.
