ICP canister model and the Mission 70 tokenomics change explained
The canister concept clicked when I thought of it as serverless computing but on a blockchain. Applications do not run on servers, they run in canisters that the network hosts. No AWS, no Google Cloud, fully on-chain.
The Mission 70 piece is the more interesting recent development. The plan to cut token inflation by tying supply reduction to AI platform usage is an unusual tokenomics mechanism. Demand for compute burns tokens, reducing supply. If AI usage on ICP scales, the supply dynamics get more interesting.
Do you think a full-stack Web3 canister model can actually replace cloud infrastructure at meaningful scale or is this still years away from practical use?