Internet Computer (ICP)
- ICP is the product of the Dfinity Foundation, a research institution that seeks to create and develop a decentralized, cloud-based “internet computer.”
- Through DFinity’s Internet Computer blockchain, users are able to scale smart chain computation, process and store data, and utilize on-chain software development frameworks.
- The most impressive part about this ecosystem is that it runs at web speed.
- Dfinity founder Dominic Williams has called the project the “third major innovation in blockchain,” following Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD).
- He also states the foundation’s intent, through Internet Computer, to make blockchain the first choice for developers.
- The Internet Computer project is five years in the making, and in that time it has received large financial backing. It raised $121 million in its funding round from a slew of blockchain investment groups like Polychain Capital.
- ICP has several integral functions within the Internet Computer ecosystem. It is a governance token, meaning holders of ICP have voting power on Internet Computer proposals. It fuels the computation functions of the blockchain. And, it is minted as a reward to users for participating in essential functions for the ecosystem, like participating in governance or operating node machines.
- As of the May 10 launch, investors are able to purchase their own ICP.
- However, since launch, the coin has seen some major swings in price. In just a few days, ICP fluctuated from $737 to $146. It is a hugely volatile play while investors figure out just how much it is really worth.
- There are plenty of options for buying ICP if you want to add it to your wallet. Among the most popular exchanges for ICP are Huobi, Binance (CCC:BNB-USD), and Coinbase Pro (NASDAQ:COIN).
I was just reading about Dfinity! Not sure if I trust them because they are affiliated with the World Economic Forum! But looks like big money and smart people behind this project
this is a huge catch, I did some research on this company after seeing this post and there’s big changes coming to IT, thank god too I’m sick of making cisco firewall and router configurations or dealing with proxy servers