At Paris Blockchain Week, Pierre Samaties—the Chief Business Officer of the DFINITY Foundation—kindly told us about their plan to conjure an Internet that writes itself. No, it’s not a prank involving sentient keyboards, but an AI-powered marvel shaping the next-gen Web3 with infinite scalability and just the right amount of techno-magic.
Meet the Internet Computer Protocol (ICP), a digital ecosystem where blockchain geeks and AI whisperers mix Bitcoin, Ethereum, Solana, and probably your grandma’s Wi-Fi password into an all-you-can-build buffet.
Samaties on the Internet Computer Protocol
So, DFINITY Foundation is the wizard behind the ICP curtain, and Pierre handles everything with words like “commercial” and “product” because someone’s got to make sense of all this.
This isn’t your average server room; it’s a world computer where front end, back end, data, and—let’s be honest—the kitchen sink all live on-chain. Developers love it because it’s the second fastest growing ecosystem, just shy of Solana, but hey, who’s counting?
The Self-Writing Internet
Dominic Williams, the chief brainiac, came up with the “Self-Writing Internet,” where you simply tell the AI what app you want—and voilà! It spits out the code and a live URL faster than you can say “upload failed.”
And get this, you can tweak your app just by chatting with the AI. Forget dusty old DeFi; here comes Web3 that listens. It’s like having a tech-savvy genie who maybe occasionally judges your prompts. 🧞♂️
To the user, it looks like a regular website—no secret handshake required—because Web3 shouldn’t feel like decoding hieroglyphics. It should be as smooth as your morning coffee, especially if your coffee has blockchain benefits.
On ICP’s Integration into Key Blockchains
ICP plays well with others, hooking into Bitcoin, Ethereum, and soon Solana—like a blockchain diplomat with an impressive visiting card collection. Bitcoin’s no-nonsense single-purpose party finally gets to mingle with logic and smart contracts.
ICP’s “canisters” (fancy smart contracts on steroids) can read and write Bitcoin, making it the dining table everyone’s been waiting for in the Bitcoin community. Over 40 projects are already using this to build Bitcoin-based DeFi and Web3 apps. Yes, DeFi is still a thing, but now with bitcoin sauce.
The digital twin of Bitcoin—CkBTC—lives on ICP with one-second transaction finality and laughably low fees, which sounds like blockchain sorcery but is just really smart engineering. Plus, it locks your Bitcoin on the mainnet securely, no rug-pulls or nonsense—think Fort Knox meets quantum encryption.
ICP’s Scalable Infrastructure Deflationary Model
ICP’s R&D team is basically a Web3 think tank on steroids, crafting something infinitely scalable. Since 2021, there are over 500 apps running, including OpenChat—a WhatsApp-telegram hybrid with 20,000 users. Scalability? Check. Stability? Double-check.
Forget gas fees that burn holes in your crypto wallet. ICP throws out the traditional “you pay to transact” model and instead says: “Hey, developers, buy compute cycles with ICP tokens, and those tokens go poof—burned into the deflationary ether.”
ICP’s Deflationary Model
While Pierre diplomatically declines to predict prices (probably because crystal balls are hard to come by), some days the network actually consumes more tokens than it creates—imagine a blockchain that’s dieting.
The self-writing internet’s debut will pump more fuel into this deflationary fire by hosting tons of cheap compute-hungry apps that pay as they go, keeping the tokenomics spicy.
About Developing on ICP
Patience, brave coder. Until the AI app genie is out, you won’t prototype with it—but soon, you can draft ideas simply by chatting. For early adopters who already dream of architectures, Pierre’s growth team (led by Lomesh, a name that sounds like a spell) offers onboarding, project reviews, and sweet grants to grease the wheels.
Expectations at Paris Blockchain Week
Heavy online meetings can only do so much, Pierre suggests. Real magic happens face-to-face—even in a “trustless” industry paradox—because nothing beats eyeball trust when you’re trying to build a fearless future.
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2025-04-23 20:26