Internet Computer ICP

A public decentralized cloud designed to host the next generation of software and services
Profile

The Internet Computer provides the first true “World Computer” that can run any Web 2.0 system or service, and web3 services, entirely on-the-blockchain, including demanding web3 social media, without any need for centralized traditional IT such as cloud computing services. On the Internet Computer, services like social networks can be completely controlled by community DAOs, because they run entirely from the blockchain, with the aim of making users owners and part of the team, and enabling decentralized fundraising and more sophisticated tokenization. The blockchain hosts advanced smart contracts with ground-breaking new features, which include securely serving interactive web experiences directly to end users, processing and storing data with efficiency comparable to traditional IT, and directly creating transactions on other blockchains, such as Bitcoin.

The ICP token has three main utilities. Firstly, ICP provides a source of “cycles” that are burned to power computation (thus when ICP is converted to cycles, it disappears, creating deflationary pressure). Secondly, ICP can be staked in the permissionless Network Nervous System DAO that governs the Internet Computer blockchain, to generate voting rewards. Thirdly, holders can take part in tokenization events for projects in the ICP ecosystem, swapping ICP tokens for newly minted project tokens. nts).

Recent News
Wanxiang Blockchain Labs, New Chainbase, and DFINITY Foundation Announce the Launch of 2022 IC Bootcamp
Mar 24 · PR Newswire · SHANGHAI, March 24, 2022 /PRNewswire/ -- On March 11th, Wanxiang Blockchain Labs, New Chainbase, and the DFINITY Foundation partnered to announce the 2022 IC Bootcamp, an Internet Computer training program focused on connecting great startup projects being built on the Internet Computer...
Wanxiang Blockchain Labs, New Chainbase, and DFINITY Foundation Announce the Launch of 2022 IC Bootcamp
Mar 24 · PR Newswire · SHANGHAI, March 24, 2022 /PRNewswire/ -- On March 11th, Wanxiang Blockchain Labs, New Chainbase, and the DFINITY Foundation partnered to announce the 2022 IC Bootcamp, an Internet Computer training program focused on connecting great startup projects being built on the Internet Computer blockchain worldwide with ecosystem resources to jointly explore and develop Web3 dapps, DeFi, games, NFTs, social media, and infrastructure and metaverse projects.
Internet Computer eyes 50% move as ICP enters 'falling wedge' breakout territory
Mar 23 · Coin Telegraph · The price of Internet Computer (ICP) reversed directions after falling to its record low near $14.50 on Feb. 24 and has rebounded by more than 30% ever since.
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Internet Computer founder's $250M plan to help end the war in Ukraine
Mar 17 · Coin Telegraph · Internet Computer (ICP) and DFINITY founder Dominic Williams has conjured up an oddball plan to speed up the end of the Russian invasion of Ukraine via smart contracts and $250 million worth of crypto rewards.
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Internet Computer plans to roll out BTC and ETH integrations by year-end
Jan 31 · Coin Telegraph · “Smart contracts on the Internet Computer will be able to hold, send and receive Bitcoin, without the need for private keys,” wrote Director of Product at Dfinity, Diego Prats, in a Jan. 29 roadmap post.
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