IC

Internet Computer

ICP
Layer 1Rank #23Internet Computer

$2.61

-0.91%24h
+6.85%7d

Market Cap

$1.44B

Volume 24h

$69.62M

Vol / Market Cap

4.84%

Rank

#23

ICP Price Chart

About Internet Computer

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

Internet Computer is a blockchain designed to host decentralized applications entirely on-chain, aiming to decentralize the internet and reduce reliance on cloud providers.

How It Works

A network of independent data centers that allows software to run directly on the internet without using centralized cloud providers like AWS. It aims to host everything from social media to enterprise systems entirely on-chain.

Use Cases

Decentralized Cloud Computing: Used to pay for the compute and storage resources required to host websites, enterprise software, and web services directly on the blockchain.

Tokenomics

Cloud Computing Resource: Tokens are converted into "Cycles" (a stablecoin-like resource) to pay for hosting web content and smart contracts. Used to run software at web speed directly on a decentralized global data center network.

Risks & Considerations

Persistent hardware requirements for validators lead to high centralization; faces competition for "Web3" cloud space.

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