Blockzeit
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
Buy Crypto
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
Blockzeit
No Result
View All Result
Home Technology
Internet Computer badlands

Internet Computer badlands

Internet Computer Badlands Fork Is Hit By Backlash

Aaron Moses by Aaron Moses
July 14, 2021
in Technology, Trends
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

Internet Computer (ICP) had an incredible launch back in May 2021. The project jumped right into the top cryptocurrencies by market cap within the first week. Many praised ICP for its innovative idea. But now CEO Dominic Williams received a lot of backlash from the crypto community for the Internet Computer fork called Badlands.

Dominic Williams wrote in an article on Medium that Internet Computer’s goal is to facilitate blockchain singularity across the web. This means, he essentially wants to rebuild the web from scratch and rewrite all applications where everything runs on a smart contract. The project was launched in May 2021. Three months later, Williams shared preliminary plans for an Internet Computer fork called Badlands. However, some community members have spoken out against the plans.

What is Badlands and why so much criticism?

The CEO of ICP and founder of Dfinity, Dominic Williams, has caused a bit of an uproar in the crypto community from his badlands concept. In a blog post Williams wrote the following about ICP Badlands:

“Badlands is a concept that involves applying Internet Computer technology to create a new network supported by amateur node providers from home, using low cost devices, that creates the maximum possible level of decentralization and censorship resistance for smart contracts.”

So, Badlands is a separate ecosystem from ICP, but it will work in conjunction with the ICP blockchain. It appears that Badlands will be a sister network/ test network to ICP. Badlands tokens will be airdropped to Internet Computer token holders.

Does Badlands lack originality?

This is very similar to Kusama-Polkadot. $KSM $DOT

Doesn’t seem very original and also takes away from $ICP IMO. Why not just keep it as a subnet?

Also I thought ICP NNS was to prevent forks? This is essentially a fork of ICP for experimentation.

— Andrew (@CloudedLogic) July 4, 2021

The Twitter commentator from above criticized Badlands for a lack of originality. And he is correct. The idea of a “network nervous system” is an adaptation of what Gavin Wood and the Polkadot/Kusama teams are already building on these networks. Additionally, the fork of Internet Computer will create a sister network for Internet Computer. This is again what Kusama already is doing for Polkadot. So, it seems justified that people like Andrew are criticizing Williams and the ICP protocol for a lack of originality here.

The development of Internet Computer is also not in line with William’s decision to fork the ICP code and create a new blockchain.

Please, please, please just do this as a new subnet type if you're going to do it at all.

I have multiple concerns with the Badlands concept, but most of them stem from the introduction of an entirely new network and token.

Just skip all of that and create new subnet types. https://t.co/8tTninbXEM

— lastmjs.eth ∞ (@lastmjs) July 4, 2021

ICP investors are unsure about future

With such a division among leaders of the ICP protocol, Internet Computer investors have become weary of Internet Computer’s future. This isn’t the first issue the company has had either. As reported on arkhamintelligence.com, there were some shenanigans being pulled during the ICP launch by insiders. Important aspects regarding Internet Computer token’s tokenomics were not revealed to early investors. Insiders made profits from selling their shares after the price pumped. And they knew details about the tokenomics of ICP. This gave them an indication that the ICP price would dump in the coming weeks. Yet, they did nothing to inform ICP token holders about these details. An excerpt from a report at arkhamintelligence.com reads:

“It appears that Dfinity insiders made billions of dollars dumping ICP on the market while making it difficult for their biggest potential rival sellers to dump theirs. It appears they tried to prevent outsiders from uncovering this activity through a lack of transparency about Dfinity’s token allocation and unlocking.”

So, the future of Internet Computer seems shaky right now. Investors are beginning to question the honesty and intentions of Williams and other Internet Computer insiders.

Aaron Moses
Aaron Moses

Aaron is passionate about blockchain and has been an investor in cryptocurrencies for the past years. He enjoys engaging with other people in the cryptocurrency community online, particularly on Telegram, and learning from experts.

Tags: BadlandsDFINITYInternet COmputer
Previous Post

Mt. Perelin Chooses Tezos for Tokenized Securities

Next Post

Introducing aiRight: Artificial intelligence combined with NFTs and DeFi

Related Posts

Projects integrating both AI and crypto are perceived as the next big thing in the digital world. (Photo Source: Pexels)

Projects Mashing AI and Crypto Are The Next Big Thing

by Giancarlo Perlas
February 1, 2023
0

The AI (artificial intelligence) bandwagon is in full swing, especially in the aftermath of the widespread integration of this type...

Osmosis V14 Neon Upgrade source: Reddit

Osmosis V14 Neon Upgrade Brings Security And Efficiency Boost

by Edmond Herrera
January 26, 2023
0

Osmosis, a leading decentralized finance (DeFi) protocol, announced the release of version 14.0.0, also known as the Neon Upgrade, bringing...

Mars Protocol Launch source: Emperor Osmo

The Launch of Mars Protocol on Osmosis: What to Expect

by Edmond Herrera
January 26, 2023
0

Explore the new frontier of decentralized finance as Osmosis and Mars Protocol team up to launch the first $MARS Outpost,...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends
  • Uncategorized

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

Start making money with crypto.

Buy Here
No Result
View All Result
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.