Internet Computer
ICP$2.61
Market Cap
$1.44B
Volume 24h
$69.62M
Vol / Market Cap
4.84%
Rank
#23
ICP Price Chart
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.
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.
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.
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.
Persistent hardware requirements for validators lead to high centralization; faces competition for "Web3" cloud space.
