November 9th 2024

In today’s edition of the ICP Roundup, we’ll focus on the latest daily updates for ICP. Over the past 24 hours, several significant announcements, enhancements, and news have emerged that are highly relevant to the ICP ecosystem. Let’s begin with the latest news and announcements.

The DFINITY Foundation has announced a significant update scheduled for November 12, 2024, aimed at enhancing ICP. This update is expected to improve speed, simplify development processes, and expand on-chain storage capabilities. While specific details have not been disclosed, there is speculation within the community about a potential upgrade to a 64-bit environment. Such an enhancement would align with the Foundation’s goals of increasing storage capacity and throughput, as outlined in their roadmap.

Dominic Williams, Founder and Chief Scientist of the DFINITY Foundation, recently shared an exciting announcement regarding the AI narrative. ICP is pioneering self-writing web applications and services that can be created or updated by simply talking to AI. This approach leverages ICP’s decentralized network, which can host AI directly as smart contracts—unlike any other blockchain—making it secure, scalable, and completely independent of traditional infrastructure.

Beyond running AI-driven applications, ICP aims to empower users to develop custom web applications and services by issuing natural language instructions. This promises to democratize tech access, enabling anyone to create functional, sovereign applications without technical skills.

ICP’s advancements, including Enhanced Orthogonal Persistence (EOP), will allow real-time, AI-powered upgrades, making it easy to develop and improve applications instantly. This transformation could be revolutionary, especially for those who lack technical expertise but have creative or business ideas.

With this vision, ICP positions itself at the forefront of AI-driven internet services, expanding the potential for innovation and decentralized tech.

Here are some of the most interesting questions and Dominic’s answers:

Now, let’s shift our focus to some intriguing data, charts, metrics, and indicators.

Today, the cycle burn rate peaked at 1.4 trillion cycles per second, marking the second-highest measurement since the beginning of October.

As a result, 7,800 ICP has been burned in the last 24 hours.

At a burn rate of approximately 1 trillion cycles per second, we were burning 1 ICP every 6 seconds, placing us about 4 times away from achieving slight deflation

In the first nine days of November, 81,000 Canister Smart Contracts were added. Below is a year-to-date comparison of monthly new Canister registrations deployed on #ICP:

Today, 61,000 new #ICP Canister Smart Contracts were added, reflecting a strong increase in developer activity on the network.

The journey toward 1 million Canisters continues…

With 21 days remaining, November is already the third-best month of the year for new deployments.

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