Around the beginning of May, the crypto community was excited by the sudden emergence of the Internet Computer (ICP) and its unexpected token value, making its launch a new phenomenon.
Internet Computer (ICP) Background Summary
In general, this technology was triggered in 2016 by Dominic Williams, a computer scientist who has 20 years of experience and has been active in the crypto sector since 2014.
Launched by DFINITY Foundation on 10 May 2021 as a decentralized network after the launch of alpha mainnet on 18 December 2020.
It was developed with the aim of providing an unlimited environment for smart contracts operating at the speed and scale of the web, including reducing computing costs.
“Reimagine how you build everything”
Simply put, ICP plays a role in further expanding the use of the Internet. Or rather, they want to take the idea of the Ethereum computer to a better level, thus becoming the third largest innovation after Bitcoin (BTC) and Ethereum (ETH).
ICP is not the same as smart contract cryptocurrencies like ETH, Cardano (ADA) or Chainlink (LINK). Instead it operates replacing the entire internet layout, not just focusing on the application layer.
In fact it is not an exaggeration if ICP wants to build a blockchain with unlimited capacity. The technology also seeks to overcome the dominance of the giants Google and Facebook by creating Web 3.0.
ICP token
Execute transactions on the network.
ICP holders have the opportunity to draw votes on proposals involving the development and advancement of the Internet Computer.
Unlimited scalability.
More powerful and advanced securities than ETH.
In accordance with smart contracts. This means any decentralized applications (DApps) can be developed on the network.
Listed on Binance, OKEx, Huobi and Coinbase Pro.
These tokens have a maximum number of 469,293,127 and as of this writing, over 124 million tokens are in the cycle. If you are interested, it may be possible to start your crypto investment journey with ICP.
This is just a summary. If you want to know the journey of ICP, don't forget to stay updated with our Team!
