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Home»EXCHANGE NEWS»The Internet Computer (ICP) has released its roadmap.
EXCHANGE NEWS

The Internet Computer (ICP) has released its roadmap.

By Crypto FlexsMay 20, 20243 Mins Read
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The Internet Computer (ICP) has released its roadmap.
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DFINITY Foundation, the parent company of Internet Company (IP), has released its roadmap. This highlights the company’s commitment to integrating artificial intelligence (AI) and blockchain technology. The Internet Company is also interested in bringing most of its services and operations onto the chain.

Key areas of focus in the updated roadmap include chain convergence, privacy, computing platform, and developer experience improvements. We will also focus on improving many other aspects of the ecosystem, including digital assets, token economics, and governance.

First of all, you will achieve two milestones: Stellaratos and Tokamak. Stellaratos will work with data using new storage tiers larger than 1TB. Tokamak reduces latency and provides an improved user experience.

Next, decentralized artificial intelligence addresses Gyrotron and Cyclotron, leveraging them to train chain models and smart contracts and improve the performance of larger models of smart contracts, respectively. The final and third goal is to increase the interoperability of Ethereum and Bitcoin by achieving chain convergence. The three milestones here include tritium, deuterium, and helium.

Although all elements perform different roles, they all converge to achieve interoperability. Tritium facilitates interaction between ICP Ethereum and EVM smart contracts. Deuterium will facilitate chain convergence to support Bitcoin operations. Helium ensures efficient reduction of the distance between Solana and ICP.

Decentralized milestones will focus on Solenoid and Levitron. Solenoids decentralize the operation of the ICP border nodes. Levitron will leverage the capabilities of AMD SEV-SNP.

The team has promised some of the biggest or substantive changes within the ecosystem. The identity approach has three key characteristics: user-friendliness, autonomy, and privacy. This is underpinned by a Separatrix-based password-based authentication solution tasked with introducing verifiable credentials and identity attributes.

The ultimate goal of digital assets is to make ICP an attractive destination for developers who want to create wallets, multichains, and more. Toroidal will focus on a smart contract wallet called Oisy, while Poloidal will focus on a comprehensive framework for digital assets called Orbit.

ICP’s governance model utilizes NNS DAO and SNS. NNS DAO manages the protocol and SNS acts as a toolbox for creating DAOs with the potential to manage individual decentralized applications, or dApps. The Internet Company will use Plasma to advance the decentralization of liquid democracy in the ecosystem.

Improving the developer experience involves many aspects. However, the core focus of ICP is to provide comprehensive protocols that preserve quality. We will rely on Beryllium to improve the life cycle of projects innovated by developers through our registry infrastructure.

The roadmap has not yet affected ICP’s listing price. Native Token is trading at $12.57 as of this writing, down 3.30% in the last 24 hours. However, it has increased by 3.32% in the past 7 days and decreased by 14.32% in the past 30 days.

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