icon

Internet Computer
ICP
# 8916

2.1876327.0231%

Internet Computer price statistics

  • Market Cap$1,212,439,954.01
  • 24 Hour Trading Vol$62,802,597.703
  • Dominance0.0579%

What exactly is the Internet Computer (IC)?

The Internet Computer (IC) is a decentralized, globally distributed blockchain network. It aims to provide a limitless environment where developers can build and deploy fully on-chain smart contracts, dApps (decentralized applications), DeFi platforms, and entire websites.

Unlike traditional cloud services, the IC avoids reliance on centralized providers like Amazon Web Services (AWS) or Google Cloud.

What is ICP cryptocurrency, and how does it work?

ICP is the native cryptocurrency of the Internet Computer. It serves three central roles:

  • Governance: ICP holders participate in the Network Nervous System (NNS) to vote on proposals that shape the network's future.
  • Network Rewards: Node operators and stakers earn ICP rewards for supporting the network.
  • Transaction Fees: ICP is used to pay the "gas fees" needed to execute transactions and computations on the IC.

What makes the Internet Computer unique?

  • Infinite Scalability: The IC uses a technology called "chain key cryptography" to dynamically add new subnets (effectively, individual blockchains), increasing capacity as needed.
  • Web Speed Performance: Smart contracts on the IC run at web speed, outpacing the performance limitations of many traditional blockchains.
  • Reverse Gas Model: Developers prepay for the resources their dApps will consume, while users generally don't need to pay gas fees.
  • Canister Smart Contracts: These canisters hold both code and data, allowing them to function as complete backend systems.

Who created the Internet Computer?

The DFINITY Foundation, a Swiss non-profit research organization, is the driving force behind the Internet Computer.

Who is Dominic Williams?

Dominic Williams is the founder and Chief Scientist of the DFINITY Foundation. He's a prominent figure in the crypto space and a visionary behind the Internet Computer's creation.

When was the Internet Computer mainnet launch?

The Internet Computer mainnet launched on May 10, 2021. 8. What is a canister smart contract?

What is a canister smart contract?

Canisters are the unique smart contracts on the IC. They are self-sufficient, holding both the code and the data required to run a piece of software. This allows for complete on-chain deployment.

What is the Network Nervous System (NNS)?

The NNS is a decentralized governance system on the IC. ICP holders stake their tokens to create "neurons" which grant them voting power to influence network development.

How does the Internet Computer achieve its scalability?

Chain key cryptography allows the NNS to seamlessly create new subnets. Each subnet adds to the network's capacity allowing it to scale as needed.

What types of applications are well-suited for the Internet Computer?

  • Web3 Social Media: Platforms resistant to censorship and de-platforming.
  • Open Finance (DeFi): Exchanges, lending platforms operating independently of traditional finance.
  • NFTs and Metaverses: Large-scale NFT projects and immersive virtual worlds.
  • On-Chain Enterprise Systems: Decentralized replacements for traditional IT infrastructure.

What are some notable projects built on the Internet Computer?

  • DSCVR: Decentralized social media platform
  • Distrikt: A professional social network
  • ICPSwap: A decentralized exchange (DEX)
  • Plug Wallet: A wallet for managing ICP and interacting with dApps

Read More

Latest NewsView All

About CoinLiq

Prices, charts, market capitalization and cryptocurrency news

CoinLiq provides open data on cryptocurrency markets in real time with detailed information (independent of coin market cap) based on data from major exchanges, allowing you to provide real-time summaries and charts with cryptocurrency and bitcoin news, the latest developments on over 8000 crypto coins. Each coin's news summaries allow you to follow trends in the market in real time from first responders and Twitter users, allowing you to assess the real situation of any crypto project and be up to date 24/7 on the coins or tokens of interest. All information about particular cryptocurrency is available, including historical data and a chart of cryptocurrencies from the first trades to the present time.

hero imageCheck cryptocurrency prices in real time.
The direct link and real-time exchange rate calculations provide Coinliq users with up-to-date cryptocurrency, altcoin, token, and bitcoin market rates in real time without delay.
hero imageCryptocurrency prices by market capitalization and the entire crypto market (Market Cap).
Cryptocurrency capitalization or market capitalization of a crypto asset is the value of all coins in circulation in terms of US dollar or other fiat currency. With the help of market capitalization, we can understand how much money (e.g. dollars) is in circulation in a particular crypto asset, hence, the more capitalization of a cryptocurrency, the more liquidity and value the crypto asset has. It is important to study each crypto project in detail before investing in it, as each project has its own roadmap, plans, guidelines, technical characteristics and further development prospects (if any).
hero imageFind out the cost of cryptocurrencies on all popular cryptocurrency exchanges.
Find out the value and rates of the most popular currencies and the rate differences of cryptocurrencies on the most popular cryptocurrency exchanges. The most popular exchanges in the world today are Binance, FTX, Coinbase, Kraken, Kucoin, Bitfinex, Huobi Global, Gemini, Gate.io, Bitstamp, ByBit, OKX, Crypto.com Exchange and others.
How do we calculate the value of cryptocurrencies?
The value of currencies is calculated based on the data received from the crypto-exchanges where a particular cryptocurrency is traded and we form the value based on the open sources.
Cryptocurrency and Bitcoin. Where to start and how to earn?
The mission of Coinliq.com is to educate about the cryptocurrency market and provide relevant information not only about rates and historical data about cryptocurrencies.
What is Altcoins?
Historically, the first cryptocurrency in the world is Bitcoin, based on "blockchain" technology, protected by cryptographic ciphers. Altcoins are any cryptocurrencies that appeared after the bitcoin and their rate, just like the bitcoin rate, is pegged to fiat currencies (U.S. dollar, Euro, etc.).
What are stablecoins and what are they used for?
Stablecoin is a cryptocurrency, the rate of which is pegged to the rate of fiat currency at a ratio of 1:1. In contrast to conventional cryptocurrencies, the rate of stable coin tries to stabilize in relation to the value of the U.S. dollar to use them as an analogue of fiat currency (U.S. dollar, Euro) for use in the ecosystem of blockchain and cryptocurrencies. The most popular stable coins today are:
What is worth investing in in the cryptocurrency or bitcoin industry?
Coinliq Resource is not a financial advisor on blockchain, bitcoin and cryptocurrency technology. All information on our portal is provided for informational purposes and is not a call to action. Before investing, we strongly recommend that you consult a cryptocurrency financial advisor. Be warned that the cryptocurrency market tends to be very volatile and bitcoin and cryptocurrency rates are constantly changing positively or negatively.
Up