Dfinity conducts its first meetup in India

Dfinity, the Blockchain startup that raised $61 Million led by Anderson Horowitz (their first token investment) and Polychain Capital, conducted its first meetup in India on August 16th. The meetup happened at 91SpringBoard Bangalore (the Silicon Valley of India) and was co-hosted by Incrypt and Dunya Labs.

Cryptocurrency trading volume might be low in India, but India is fast becoming one of the hottest destinations in blockchain development in the world. Consensys’s commitment towards weekly Ethereum development meetups is a prime example. Consensys even started out their Ethereum Developer Certification programme to train developers in Ethereum.

What is Dfinity?

Dfinity is a blockchain based cloud computing project. Its aim is to develop a decentralized “internet computer that will become the cloud 3.0.”It is registered as a non-profit foundation in Zug, Switzerland, and operates research centers in Palo Alto, California and in Germany.

Dfinity hopes to beat Ethereum by focusing on the development side of the project. Some of the benefits over Ethereum include usage of Web Assembly, Proof of Stake mining, and faster transactions than Ethereum.

Dfinity claims that their blockchain powered cloud services can cut AWS cost by almost 90%. Analyst also claims that Dfinity will have better security than Etherum.

Some Pictures of Meetup

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