Dfinity, a close rival of ethereum has managed raise about $61 million by trusted investors Polychain Capital and Andreesen Horowitz. And reports indicate that it is the first token Andreesen Horowitz has channeled as an investment. General partner at Andreesen called Chris Dixon is the one that was entrusted with leading his firm’s investment in Dfinity.
The venture partner at Polychain Capital Ryan Zurer heads the largest investment and he is the one that led it into the deal. The $61 million that was generated this time around took Dfinity’s total project funding way up to almost $100 million.
Dominic Williams, who happens to be Dfinity’s Chief Scientist during an interview in one of the media houses outlined that Difinity was capable of causing a major disruption in the technology world and he went further to refer to it as the internet computer set to be the cloud 3.0 at some point.
But what is it that makes Dfinity different from the others? Williams outlined that Dfinity ran extremely fast and isn’t associated with most of the risks in line with a large number of cryptocurrencies .According to him, Dfinity is in every sense an amazing technology protocol and the best part about it is the fact that there are no loopholes for hackers to move in and conduct their criminal activities.
A person familiar with the most recent developments said, “The security component is perhaps most compelling to investors given the number of hacks the cryptocurrency industry has seen in the last 12 months. The latest one in Japan involved over $500 million of tokens being stolen from consumers’ digital wallets.”
Williams also asserted that he had managed to come up with the sort of technology with the capacity to provide 3-5 second transaction finality. In other words, this is almost 150 times faster when brought into comparison with ethereum and the gap between it and Bitcoin is even wider. It is worth noting that in any network the way transactions are done and the associated scalability are matters of utmost importance.