After being listed on a range of significant cryptocurrency exchanges, the Internet Computer (ICP) token trading performance skyrocketed.
ICP is currently one of the top ten cryptocurrencies in terms of market capitalization. ICP is the eighth-largest cryptocurrency, with a market cap of $40.8 billion, according to Coinmarketcap. The token is currently trading at $339.63.
An Internet Computer (ICP) is a computer that connects to the Internet.
The DFINITY Foundation created the Internet Computer, the world’s first decentralized public network with unlimited ability. Its job is to provide public internet access while also allowing back-end applications to be hosted on the web. This decentralized cloud computing platform enables software developers to freely distribute open-source software frameworks on the Internet without relying on technology behemoths like Amazon and Facebook or commercial cloud providers.
What is the meaning of an Internet Computer Token?
The Internet Computer (ICP) token is based on the Internet Computer protocol, its proprietary protocol. It aims to create protocol governance and make network transactions easier. ICP token holders may vote on governance proposals using the ICP token. ICP will convert to loops that power the computation, which is another network transaction feature. The token’s owner will use it to pay transaction fees. In comparison to the current Ethereum network, the ICP charge for transactions is set.
DFINITY Foundation is a non-profit organization that aims to
Dominic Williams founded the DFINITY Foundation, a non-profit organization, in Zurich, Switzerland, in 2016. Its mission is to transform the Internet into a shared computing network that is decentralized.
DFINITY has established three research centers worldwide and has hired over 100 researchers, engineers, and operations teams. Since 2015, well-known investors have backed this project, including Andreessen Horowitz (A16Z), PolychainCapital, SVAngel, AspectVentures, VillageGlobal, MulticoinCapital, ScalarCapital, and others.