Internet Computer (icp) Price Index
The live price of Internet Computer is $14.63 per (Internet Computer / USD) today with a current market cap of $6.78B USD. 24-hour trading volume is $0.17B USD.Internet Computer to USD price is updated in real-time. Internet Computer is -2.18% in the last 24 hours. It has changed a market cap of $-0.15B USD.
Live Internet Computer Price Chart
Overview: What is Internet Computer?
Internet Computer (IC) is the world's first blockchain that can run at web speed with no limits. The DFINITY Foundation's IC aims to reinvent the web by enabling large-scale smart contract development and transforming web service interaction. Internet Computer aims to decentralize the internet so that it can be the world's computing platform. Internet Computer aims to overhaul traditional software services while revolutionizing the crypto economy. Dominic Williams founded the project in October 2016 and has raised $121 million from investors like Adreessen Horowitz, Polychain Capital, and Multicoin Capital. On May 10, 2021, DFINITY released the Internet Computer into the public domain, establishing ICP as a decentralized global computer. This is marked by the public release of the Internet Computer source code and the ICP utility token, which allows tens of thousands of community members to govern the network. IntComputer native token: ICP It has three major roles: 1. Network Governance: Participants will receive ICPI. The ICP can be converted into cycles and used as a network transaction fee. They are then burnt. 3. Rewarding Users: ICP is used to reward users who participate in network activities such as network security.
How does ICP work?
A user must create an Internet identity anchor/account on the ICP network by visiting Internet Identity on his device. Once access is granted, he can enter the system and engage with the network's apps.
Users will never be charged for using the network. He will only be charged for apps that incur fees, such as DeFi apps, etc. You are not charged to view this article, but you will be charged a small processing fee if you donate to the website.
Internet Computer (ICP) Benefits:
Decentralized Internet:
ICP is attempting to entirely decentralize the internet by reclaiming control from the big giants. It is a novel concept to create a free internet without a regulating authority. Parler App is the most recent victim of the centralization of the internet.
Improved Privacy:
A blockchain-powered internet guarantees anonymity by default. Identity theft is not a concern for users who access the network. A unique identification anchor is generated at the time of system access without requiring the user's personal information.
ICP is the only blockchain that does not impose a gas price while communicating with the network. Users can freely access websites and decentralized applications on the network.
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