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DFINITY is building a new kind of public decentralized cloud computing resource. This rests upon a new blockchain computer that is similar in concept to Ethereum but has vastly improved performance and, ultimately, unlimited capacity. Business applications running on this computer will be unstoppable and won’t need to involve complex components such as databases, backup and restore systems or Amazon Web Services, allowing costs to be cut by 90% or more by reducing the supporting human capital required. Of course, such a powerful public resource requires governance.
Investors can bet on Libra’s launch on the CoinFLEX platform. The firm offers derivatives that let traders buy into futures to be delivered in Libra tokens.
The new funding, the startup says, will go on the further development of its decentralized computing system and other projects, including expansion of its staff.