Internet Computer

Internet Computer is a blockchain designed to host smart contracts and decentralized applications entirely on-chain.

What Is Internet Computer (ICP)? Internet Computer is a blockchain designed to host decentralized applications entirely on-chain, aiming to decentralize cloud computing and internet services.

A decentralized network of independent data centers that allows applications to run directly on the internet without relying on centralized cloud providers. It aims to host everything from social platforms to enterprise systems fully on-chain.

Decentralized Cloud Computing: Used to pay for compute and storage resources needed to host websites, enterprise software, and web services directly on-chain.

Cloud Computing Resource: Tokens are converted into “cycles” (a stable resource unit) to pay for hosting web content and running smart contracts. Used to run software at web speed on a decentralized global network.