Internet Computer ICP
1. Summary
- Price
-
$8.87 -2.5%
- Market Cap
- $4.20B (#25)
- Supply
- 473.94M / 525.04M
- Description
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Internet Computer (ICP) is a blockchain-based decentralized network created to allow anyone to build software or publish content without relying on centralized services. It also enables smart contracts as well as other decentralized applications to run at web speed.
Internet Computer (ICP) is a blockchain-based decentralized network created to allow anyone to build software or publish content without relying on centralized services. It also enables smart contracts as well as other decentralized applications to run at web speed.
It was initially launched by the Swiss-based cryptocurrency foundation known as DFINITY.
Through Internet Computer usage, DFINITY site advocates and developers can build anything from mass-market tokenized social media platforms that run on-chain to entire decentralized finance (DeFi) ecosystems. Additionally, they can extend Ethereum-based decentralized applications (dApps) and make them run web speed at a fraction of the computing costs.
Internet Computer delegates merchants to nodes, or supernodes, where the system can experience a blend of centralization. However, this removes any environment-related limitations for developers, such as a physical or virtual network configuration requirement or any firewalls, network topology, and port management. As such, developers do not need to worry about any database configuration nor maintenance.
The ICP Token Explained
The ICP token is the native cryptocurrency token that powers Internet Computer. It is responsible for a few things, including facilitating network governance. ICP tokens are locked to create what are known as neurons, which participate in network governance through voting. Users, in turn, can get economic rewards for being a part of this. The ICP is a source store of value that can be converted into cycles. In a similar way as fuel, these cycles power computation, where the fuel is burned once it is used.
The NNS then converts ICP to cycles at a variable rate in response to the external markets.
Additionally, ICP is used to reward the participants due to the fact that the network mints new ICP to reward and incentivize network participants. Users can participate in several roles, such as governance, voting, and operating the node machines which host the network.
Features of Internet Computer
ICP is designed to scale smart contracts as well as data computation and then run them at web speed while processing and storing the data safely and efficiently. To do this, it has created software networks to make it a lot easier for developers to use.
To do this, it utilizes several technologies. There's the chain key technology that utilizes multiple cryptographic protocols to orchestrate the nodes that make up the Internet Computer. Then there’s Non-interactive distributed key generation (NIDKG).
Then there's the nervous network system (NNS) which is the tokenized open governance system.
NNS is used to store information about which nodes belong to which subnet and can handle the updating of the information. Then there's internet identity, which is an online identity that an internet user establishes in online communities as well as websites.
Founders of Internet Computer (ICP)
Internet Computer (ICP) was founded in 2017 by Dominic Williams and quickly rose to prominence in the market cap ratings.
Williams invented Threshold Relay and Probabilistic Slot Consensus and is an active member of both the Bitcoin as well as Ethereum technical communities.
The DFINITY Foundation is a non-profit based in Zurich, Switzerland and the foundation consists of some of the world’s most highly accomplished cryptographers.
| Price | |
| 52W High price | $19.14 |
| 52W High date | 27th Mar 2024 (7 months ago) |
| All Time High (ATH) Date | 10th May 2021 (3 years ago) |
| ATH Price | $700.65 |
| % From ATH | -98.9% |
| All Time Low (ATL) Date | 22nd Sep 2023 (1 year ago) |
| ATL Price | $2.87 |
| % From ATL | 170.02% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $232.94M |
| Total Supply | 525.04M |
| Circulating Supply | 473.94M |
ICP
How does Internet Computer's (ICP) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-3.4%
ICP
7.7%
Similar Market Cap
60 Day Return
3.1%
ICP
12.1%
Similar Market Cap
1 Year Return
85.4%
ICP
51.5%
Similar Market Cap
We're monitoring 154 Internet Computer GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Internet Computer Repos)
Commits vs. The Market
- Past 4 weeks: 1,530 commits vs. an average of 1
- Past 12 weeks: 4,186 commits vs. an average of 8
- Past year: 17,322 commits vs. an average of 114
Most Active Repos
| Past week | 41 |
|---|---|
| Past 12 weeks | 88 |
| Past year | 696 |
| Past week | 30 |
|---|---|
| Past 12 weeks | 105 |
| Past year | 588 |
| Past week | 27 |
|---|---|
| Past 12 weeks | 87 |
| Past year | 510 |
| Past week | 22 |
|---|---|
| Past 12 weeks | 70 |
| Past year | 383 |
| Past week | 7 |
|---|---|
| Past 12 weeks | 73 |
| Past year | 341 |
| Past week | 8 |
|---|---|
| Past 12 weeks | 39 |
| Past year | 205 |
Top Developers 2024
In total, 1327 developers have contributed to Internet Computer over the past year. Who are the most active Internet Computer developers, by commits, over the past year?
Related Projects
Developers working on Internet Computer also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 28,441 |
|---|---|
| Active Reddit Users (past 24h) | 26 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 9,273 |
| Twitter followers | 687,740 |
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forum.dfinity.org/t/introducing-salsa-season-the-first-cross-dao-rewards-platform/37563 Official
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forum.dfinity.org/t/baby-arof-decentralized-catalyst-baby-arofs-vision/37546 Official
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forum.dfinity.org/t/pov-do-not-use-icrc-28-for-defi/37537 Official
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forum.dfinity.org/u/Antony Official
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forum.dfinity.org/t/concerns-about-dapps-integrity/37268 Official
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forum.dfinity.org/t/concerns-about-dapps-integrity/37268 Official
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forum.dfinity.org/t/concerns-about-dapps-integrity/37268 Official
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forum.dfinity.org/t/proposal-to-elect-new-release-rc-2024-11-14-03-07/37346 Official
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forum.dfinity.org/t/proposal-to-elect-new-release-rc-2024-11-14-03-07/37346 Official
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forum.dfinity.org/t/proposal-to-elect-new-release-rc-2024-11-14-03-07/37346 Official
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forum.dfinity.org/t/proposal-to-elect-new-release-rc-2024-11-14-03-07/37346 Official
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forum.dfinity.org/t/proposal-to-elect-new-release-rc-2024-11-14-03-07/37346 Official
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forum.dfinity.org/t/dfx-dashboard-v2/37350 Official
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forum.dfinity.org/t/dfx-dashboard-v2/37350 Official
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forum.dfinity.org/t/dfx-dashboard-v2/37350 Official
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forum.dfinity.org/t/dfx-dashboard-v2/37350 Official
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forum.dfinity.org/t/dfx-dashboard-v2/37350 Official
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forum.dfinity.org/t/dfx-0-24-3-beta-0-is-available-for-testing/37369 Official
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forum.dfinity.org/t/dfx-0-24-3-beta-0-is-available-for-testing/37369 Official
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forum.dfinity.org/t/dfx-0-24-3-beta-0-is-available-for-testing/37369 Official
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forum.dfinity.org/t/dfx-0-24-3-beta-0-is-available-for-testing/37369 Official
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forum.dfinity.org/t/proposal-134171-to-upgrade-the-nns-dapp-15-11-2024/37357 Official
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forum.dfinity.org/t/proposal-134171-to-upgrade-the-nns-dapp-15-11-2024/37357 Official
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forum.dfinity.org/t/proposal-134171-to-upgrade-the-nns-dapp-15-11-2024/37357 Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://dfinity.org/ |
|---|---|
| Explorer | https://www.dfinityexplorer.org/#/ |
| @dfinity | |
| /r/dfinity | |
| Forum | https://forum.dfinity.org/ |
| Whitepaper | https://sdk.dfinity.org/docs/interface-spec/index.html |
What is the correct contract address for Internet Computer?
| Internet-computer | ryjl3-tyaaa-aaaaa-aaaba-cai |
|---|
Has Internet Computer been audited for security?
No security audits found for this project.
Are you the owner of Internet Computer? Edit it here
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