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The Internet Computer is a decentralized open network aimed at reversing the monopoly that Big Tech companies, such as Google or Facebook, have over the traditional lnternet. It is run by the decentralized protocol ICP (Internet Computer Protocol). According to ICP documentation, the protocol intends to help developers build directly onto the Internet with the help of autonomous software. Developers can build websites, enterprise IT systems, Internet services and decentralized finance (DeFi) applications. The ultimate goal of Dfinity, creator of the Internet Computer, is to de-privatize the Internet, remove the reliance on centralized servers or commercial cloud solutions, and simplify the infrastructure that runs applications. Internet Computer uses a blockchain called Chain Key Technology (CKT). Unlike other blockchains, CKT does not use older blocks in the chain and therefore operates at a much more efficient web-like speed. ICP is the utility token of the Internet Computer Protocol that allows the community to participate in the governance of the network. The coin can also be staked and "converted into cycles" which are used to run websites, decentralized applications and more traditional, centralized programs.
Internet Computer (ICP) is the 39th largest cryptocurrency in the world by market cap, valued at $1,681,481,762. The current price of Internet Computer is $10.052, which is -1.432% lower than yesterday. Prices have ranged between $10.598 and $9.814 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 27, 2022 09:05 UTC.
| Coin symbol | ICP |
|---|---|
| Coin Marketcap | AUD$1,681,481,762 |
| Total ICP supply | 482,033,938 |
| Circulating ICP | 233,990,651 |
| Current price | AUD$10.052 |
| All time high date | May 10, 2021 |
| Notable team members | Dominic Williams |
| Industry | Internet |
| Token uses | Utility token, governance |
| Network | Internet Computer |
Historical prices compared with the price of $10.052.
| 1 hour | -0.17% |
|---|---|
| 24 hours | -1.43% |
| 7 days | -12.50% |
| 14 days | -1.03% |
| 30 days | -52.08% |
|---|---|
| 60 days | -67.11% |
| 200 days | -86.67% |
| 1 year | -94.96% |
Disclaimer: Cryptocurrencies, including Internet Computer, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ICP is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Internet Computer or any other cryptocurrency discussed.
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