The data posted on or available through the Site has been obtained from sources we believe to be accurate, reliable, and unbiased; however, Decentral Media, Inc. does not guarantee the currency, completeness, or accuracy of the data posted available through the Site. Decentral Media, Inc. makes no representations or warranties regarding the timeliness, completeness, or accuracy of the data contained on or available through the Site. Decentral Media, Inc. is not, and will not be, a financing consultant and does not provide individual or other financing advice.
Read more – Could crypto-currencies become as important as the Internet?
The information on this Site is subject to change without notice. Some or all of the information on this Site may be out of date, incomplete, or inaccurate. We may, but are not obligated to, replace any outdated, incomplete, or inaccurate data.
You are not required to make any decision regarding an ICO, IEO, or other funding decision based on the knowledge provided on the website, nor are you required to describe or rely on the knowledge supplied on the website as a funding proposal.
If you seek advice on ICOs, IEOs, or other fundraising options, we strongly recommend that you speak exclusively with a licensed fundraising advisor or other accredited financial professional. We do not receive any compensation for analysis or reporting on ICOs, IEOs, crypto-currencies, forex, token sales, securities, or commodities.
Read more – 404 error, network not found. Residents around the Bangalore IT hub
Highlights
- Dominic Williams, the founder of Dfinity, has proposed a fork of the Web Laptop community called Badlands.
- This new fork would include a brand-new token that could be released to PKI holders.
- Critics have expressed their opinions on the launch of the brand new blockchain and token.
Dominic Williams, the founder of Dfinity, has announced tentative plans to create a fork of the network called Badlands. However, some locals are opposed to these plans.
Criticism of Dfinity is growing
Three months after the launch of the Dfinity network blockchain, the project’s founder, Dominic Williams, has proposed a fork of the blockchain.
In a blog post, Williams unveiled a brand new blockchain called Badlands, which serves as a sister community to Web Laptop, a highly scalable blockchain community created by Williams.
According to Williams, the token will be distributed over the air to owners of ICP, Web Laptop’s native token. It will also be available for purchase in part through a crowdfunding campaign, the proceeds of which will be used for analysis and improvement.
While some community members were pleased with the information, others criticized the proposal and questioned the motives behind the separate release of the new blockchain and token.
Among the many critics, Jordan Final, widely known as the developer of Web Laptop, said Badlands should have been deployed as a subnet rather than operating as a separate network. A subnetwork is a blockchain community designed for applications within Web Laptop.
The choice has not yet been made, but Williams said he is leaning toward releasing the new token through a community fork rather than a subnet.
Critics say the token could compound the failure of the initial PKI token offering, which occurred after Manet’s launch in May.
The Arkham Intelligence report claims that the Dfinity team actively enticed buyers by distributing ICP tokens. Arkham found that the Dfinity team forced seed buyers and airdrop holders to put on a vest. While the timeline was being met, institutional insiders reportedly eliminated distributions of uninvested tokens. According to the chart, the value of the IBO dropped from $730 to about $38, which is a 95% reduction. This drop saw the value of crypto-currencies surpass $300 billion in less than a month, one of the fastest in the history of crypto-currencies.
Views Of Dfinity
Instead of revealing Arkham’s allegations, Dfinity chose to remain silent on the matter. However, in response to an objection from a Dfinity fan regarding the article, Williams stated that it was “sponsored by a competitor.”
Williams argued that the Badlands community should be open to anyone who wants to run a node using a low-cost machine configuration, such as a Raspberry Pi. This could eliminate the need for expensive {hardware} that is currently required to run Web Laptop nodes.