ICP Specifications

Type

COIN

Algorithm

Protocol

PoS

Start Date

09/07/2020

Max Supply

Circ. Supply

481,235,617

Website

Explorer

Social Media

Info

Internet Computer Protocol (ICP) is a blockchain platform designed to extend the public internet by enabling smart contracts and decentralized applications (dApps) to operate at web speed. ICP provides a scalable environment for developers to create efficient Web3 services. Its native token, ICP, powers network operations, including token swaps and governance, while supporting decentralized financial activities.

Market Impact

ICP has disrupted traditional cloud systems by offering a decentralized alternative for running web-scale applications. Its ability to process high-speed transactions has attracted developers seeking to enable real-time token swaps. Additionally, ICP's presence on major exchanges has increased liquidity and adoption, strengthening its role in decentralized finance (DeFi) and Web3 innovation.

History

The Internet Computer was developed by the DFINITY Foundation under the leadership of Dominic Williams, with the goal of decentralizing cloud computing. After years of research and testing, its mainnet officially launched in May 2021. This milestone introduced innovative features like the Network Nervous System (NNS), a governance mechanism that allows ICP holders to influence the protocol. Since its release, ICP has enabled asset exchanges and supported decentralized services, positioning itself as a key player in blockchain infrastructure.

Features

Web-Speed Smart Contracts
ICP supports canister smart contracts that execute at web speed, allowing for seamless token swaps and real-time dApp interactions.
Network Nervous System (NNS)
The NNS empowers ICP holders to participate in decentralized governance, influencing decisions related to upgrades and resource allocation.
Resource-Efficient Model
Instead of traditional gas fees, developers allocate computational cycles, making transactions and asset exchanges user-friendly and cost-effective.

Website

Explorer

Social Media

*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.