Internet Computer (ICP)
- Category: Smart Contract Platform
- Coin Launched: October, 2016
- Resources: White Paper
- Official Website: Internet Computer
- Reddit: Internet Computer
About Internet Computer
Internet Computer (IC) is the world’s first block chain that is capable of running at web speed at unrestrictive capacities.
Built by the DFINITY Foundation, IC aims to recreate the web by supporting smart contract development at scale and changing the way people can interact using web services.
INTERNET COMPUTER History / Information / Buying / Staking
INTERNET COMPUTER HISTORY
The project was founded as DFINITY in October 2016 by Dominic Williams. DFINITY raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital. In 2018, the DFINITY Foundation distributed ICP tokens to 50,000+ registered participants through an airdrop.
HOW INTERNET COMPUTER WORKS
Internet Computer (ICP) is a blockchain-based decentralized network intended to provide a “limitless” environment for smart contracts and other decentralized applications to run at web speed.Developers can build everything from mass-market tokenized social media platforms that seamlessly run on-chain, entire DeFi ecosystems, and even extend Ethereum-based dApps– all of which would be done at web speed and at a fraction of current computing costs.
BENEFITS OF USING INTERNET COMPUTER
Some of the benefits of using Internet Computer are:
Dfinity boasts that its crypto operates at web speed.
RUNS ON DECENTRALIZED NETWORK
Internet Computer runs on a dedicated hardware set up by independent parties.
ALLOWS ANYONE TO CREATE SOFTWARE ON THE INTERNET
The technology allows anyone to use its blockchain technology to create apps and lets them do an end-run around the big tech companies.
CAN YOU STAKE INTERNET COMPUTER
Yes you can stake Internet Computer on Networ Nervous System, and the app that facilitates ICP staking. The minimum amount of ICP required in order to stake is 1 ICP. Network Nervous System
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