Internet Computer to Host Meetup in San Francisco on February 13th
Internet Computer is holding an event to celebrate the opening of DFINITY’s new office in San Francisco on February 13th at 1:00 UTC. The event will bring together the DFINITY team and Web3 builders for conversations, networking, and discussions on the future of decentralized computing. Refer to the official tweet by ICP: 🧵 4/4 Drum roll please 🥁.... DFINITY’s new SF office is here!Celebrate with us—connect with the DFINITY team & Web3 builders over great convos, networking, and the future of decentralized computing.📅 Feb 12 | 5–7 PM PST📍 387 Tehama St, SF ICP InfoThe Internet Computer is a versatile blockchain developed and initiated by the DFINITY Foundation in May 2021 with the aspiration of becoming a “world computer” that can host decentralized applications (dapps). The goal is to provide controlled computing costs that significantly outperform traditional blockchains' cost fluctuation and scalability issues. The Internet Computer’s backbone is Chain Key Cryptography, which offers innovative features to bolster this mission. The Internet Computer’s operation hinges on a few critical components. The Network Nervous System (NNS) functions as an open, decentralized management system that incorporates community proposals and also scales the blockchain network infinitely by continuously adding new nodes. Data storage costs are kept minimal for fostering on-chain dapp operation. Further enhancing user experience, smart contracts on this platform runs directly to serve users” HTTP requests. The platform also ensures user anonymity and employs a reverse gas model, with developers, not users, bearing the costs. In terms of infrastructure, the Internet Computer takes after Bitcoin and is not reliant on centralized cloud nodes.The Internet Computer proprietary token, ICP, serves crucial roles in this ecosystem. It offers governance capabilities where staking ICP tokens produces “Neurons”, that allow the holders to vote on and influence proposals while earning rewards.