Dfinity, which is a rival of Ethereum, managed to raise about $ 61 million from brand investors. Investors included Andreesen Horowitz and Polychain Capital. Andersen actually did his 1st investment in the cryptocurrency space on this platform.
Ryan Zurer was the individual who promoted Polacain to invest in the platform.
With this latest fundraiser, the platform raised over $ 100 million.
According to the chief scientist of the company Dominic Williams, the technology of the platform is quite revolutionary. It would be like cloud 3.0.
What is the difference between Ethereum and Dfinity?
The main difference is that Dfinity is much faster than any other decentralized platform. In addition, users on this platform would have a high security that would help them stay away from the scams that usually revolve around cryptocurrencies. Furthermore, there are no backdoors to ensure that hackers are unable to access the platform.
The greatest security would always be in companies and software developers using this platform. The reason is that in the last year there have been many successful attempts to hack cryptocurrencies. The largest is about $ 500 million in a Japanese exchange. This is one of the main reasons why cryptocurrency investors, as well as exchanges, would be looking for a new technology to ensure greater security.
Furthermore, transaction verification can be performed within 3-5 seconds. This ensures that it is much faster than Ethereum. Statistically, it is over 150 times faster than Ethereum and over 900 times faster than Bitcoin. This is one of the main reasons why this platform would receive a lot of attention from investors and also from cryptocurrency exchanges.
This also means that the cryptocurrency would increase enormously in value in the recent future and that the potential of this cryptocurrency is much higher than others.
Currently, the main problem underlying Bitcoin is that transaction time has increased significantly. The transaction time is between 3 and 4 hours. This is one of the main reasons why many cryptocurrency developers are trying to create a lighting network that helps them increase the speed of cryptocurrency transactions.
However, with the help of Dfinity, investors would be able to easily obtain a faster cryptocurrency and a decentralized platform.