The Internet Computer (ICP) project by DFINITY Foundation continues to gain momentum. The token recently reached a three-month price peak, fueled by growing interest in AI narratives and decentralized computing.
What Is Internet Computer?
The Internet Computer isn’t just another blockchain — it’s an ambitious attempt to create a fully decentralized internet, where websites, apps, and services run without relying on traditional cloud providers like AWS or Google Cloud.
The vision is to move cloud computing directly onto the blockchain, offering:
- autonomy from centralized corporations,
- enhanced transparency and security,
- a truly open Web3 experience.
Actual price (ICP/USDT 1D) on WhiteBIT Exchange
Technology Behind ICP
Internet Computer leverages a unique technology called chain-key cryptography, enabling the network to scale and handle heavy computational loads efficiently.
Its architecture is built around:
- canisters — special smart contracts that store both code and data;
- subnets — distributed processing networks that power scalability.
The mainnet launched in May 2021, and since then, the network has remained impressively stable with no major downtime.
The Role of the ICP Token
The ICP token is the backbone of the Internet Computer ecosystem. It’s used to:
- govern the network via the Network Nervous System (NNS) DAO,
- pay for computation and data storage by converting ICP into “cycles,”
- reward participants who help maintain the network.
A portion of the tokens converted into cycles is burned, making ICP partially deflationary and potentially increasing its value over time.
Internet Computer and the ICP token represent a bold rethinking of the internet itself — decentralized, open, and independent of tech monopolies.
If DFINITY succeeds in executing its technological roadmap, ICP could become a cornerstone of the next generation of Web3 infrastructure.
Still, as always in crypto, remember: price growth signals interest — not guaranteed success. DYOR.
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