Internet Computer Analysis ICP

In recent years, the cryptocurrency market has experienced tremendous growth, with the launch of numerous new cryptocurrencies aimed primarily at generating quick profits. However, some cryptocurrencies have emerged with real-world applications beyond the virtual realm, such as ICP, the token for the Internet Computer blockchain. It is the first blockchain capable of hosting websites, systems, internet services, and complete financial systems built entirely from smart contracts. With unlimited development and expansion potential, it has the capacity to become one of the most valuable cryptocurrencies by market capitalization.

  • Internet Computer price( ICP )

    $9.35 4.27%

  • Market cap $

    4,435,139,496

    Maximum supply

    N/A

  • Trading volume 24 Hour

    187,687,942

    Circulation supply

    474,458,728.29
No data

You can learn more about Internet Computer ICP Through the following points

The Internet Computer is the world's first blockchain network operating at web speed with unlimited capacity. It represents the third major innovation in the blockchain world after Bitcoin and Ethereum. It is designed to accommodate decentralized finance (DeFi) platforms, enterprise IT systems, and websites. It is a decentralized global blockchain computer that scales smart contract computations and data, runs them at web speed, and efficiently processes and stores data. It provides robust frameworks for developers to build internet services, applications, decentralized financial systems, and even traditional systems and websites. The ICP token is the Internet Computer's primary mechanism for network governance and participant incentives. Holders of the ICP token have voting power on network proposals, and it fuels the blockchain's computational functions. It is also awarded to users contributing to the system's core functions.
The Internet Computer project was launched by the DFINITY Foundation, established in 2016 with the goal of creating and developing a decentralized 'Internet Computer' based on cloud technology using blockchain. It aimed to become the first choice for developers. The foundation is a non-profit scientific research organization based in Zurich, Switzerland, comprising top cryptography, distributed systems, and programming language experts. Its founder and chief scientist is Dominic Williams, a top graduate in computer science from King's College London, an early member of the Bitcoin and Ethereum technical communities, and a pioneer in the decentralized finance (DeFi) platform industry. He also founded several startups, including System7, Airdocs, and Smartdrivez.
The Internet Computer system consists of an advanced decentralized protocol called ICP (Internet Computer Protocol), managed by independent data centers worldwide, combining the power of individual computers into an unstoppable seamless global entity. It hosts and runs native internet programs with the same security guarantees through smart contracts. Integrated with internet standards like DNS, it delivers user experiences directly to web browsers and smartphones. The Internet Computer project is revolutionary in the cryptography industry, as it is the first blockchain network capable of hosting websites, systems, internet services, and complete financial systems created entirely from smart contracts without any proprietary systems. For instance, creating a website using the ICP network eliminates the need for external hosting services, as everything is handled within the blockchain network itself. Additionally, the network operates at web speed, allowing any device to run network nodes, with the Internet Computer ICP ensuring higher speeds, lower latency, and greater reliability due to minimal technical specifications for each device. Unlike private computing and cloud systems run by individual tech companies, the Internet Computer ICP is decentralized and governed by the Network Nervous System (NNS), an autonomous software managing the entire network and hosting protocols that securely integrate the computational power of the blockchain nodes, allowing the network to be self-sustaining and adaptive. The NNS functions as an independent blockchain with a public key for validating all ICP transactions.
ICP was launched recently, so it is not widely supported or listed by many cryptocurrency exchanges. Currently, only two exchanges support it. Fortunately, it can be purchased directly with USD or with stablecoins like USDT. If you hold another cryptocurrency, you can use the conversion feature to exchange it directly for ICP.
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