Dfinity, which is an Ethereum rival, managed to raise around $61 million from marquee name investors. The investors included Andreesen Horowitz and Polychain Capital. Andersen actually made his 1st investment in the cryptocurrency space in this platform.
Ryan Zurer was the individual who promoted Polychain to invest in the platform.
With this latest fundraising, the platform has raised more than $ 100 million.
According to Chief scientist of the company Dominic Williams, the technology of the platform is pretty revolutionary. It would constitute as cloud 3.0.
What is the difference between Ethereum and Dfinity?
The main difference is that Dfinity is much faster as compared to any other decentralized platforms. Moreover, the users on this platform would have high security which would help them in staying away from scams which usually revolve around cryptocurrencies. Also, there are no backdoors which would ensure that hackers are not able to gain access to the platform.
The enhanced security would always up in the corporations as well as software developers who are using this platform. The reason for this is that within the last year, there have been plenty of successful attempts to hack cryptocurrencies. The largest one being around $ 500 million of a Japanese exchange. This is one of the main reasons why cryptocurrency investors, as well as exchanges, would be looking for a new technology which provides enhanced security.