Internet Computer Logo

Internet Computer ICP

Internet Computer header image

1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$31.13 +3.8%
Market Cap
$5.69B (#28)
Supply
183.58M / 469.21M
Price
52W High price $461.65
52W High date 10th May 2021 (6 months ago)
All Time High (ATH) Date 10th May 2021 (6 months ago)
ATH Price $701.00
% From ATH -96%
All Time Low (ATL) Date 4th Dec 2021 (1 day ago)
ATL Price $24.00
% From ATL 28%
Supply & Trading Volume
Volume (24h) 293.16M
Total Supply 469.21M
Max Supply 469.21M
Circulating Supply 183.58M
Description

Internet Computer (ICP) is a blockchain-based decentralized network created to allow anyone to build software or publish content without relying on centralized services. It also enables smart contracts as well as other decentralized applications to run at web speed.

Internet Computer (ICP) is a blockchain-based decentralized network created to allow anyone to build software or publish content without relying on centralized services. It also enables smart contracts as well as other decentralized applications to run at web speed.

It was initially launched by the Swiss-based cryptocurrency foundation known as DFINITY.

Through Internet Computer usage, DFINITY site advocates and developers can build anything from mass-market tokenized social media platforms that run on-chain to entire decentralized finance (DeFi) ecosystems. Additionally, they can extend Ethereum-based decentralized applications (dApps) and make them run web speed at a fraction of the computing costs.

Internet Computer delegates merchants to nodes, or supernodes, where the system can experience a blend of centralization. However, this removes any environment-related limitations for developers, such as a physical or virtual network configuration requirement or any firewalls, network topology, and port management. As such, developers do not need to worry about any database configuration nor maintenance.

The ICP Token Explained

The ICP token is the native cryptocurrency token that powers Internet Computer. It is responsible for a few things, including facilitating network governance. ICP tokens are locked to create what are known as neurons, which participate in network governance through voting. Users, in turn, can get economic rewards for being a part of this. The ICP is a source store of value that can be converted into cycles. In a similar way as fuel, these cycles power computation, where the fuel is burned once it is used.

The NNS then converts ICP to cycles at a variable rate in response to the external markets.

Additionally, ICP is used to reward the participants due to the fact that the network mints new ICP to reward and incentivize network participants. Users can participate in several roles, such as governance, voting, and operating the node machines which host the network.

Features of Internet Computer

ICP is designed to scale smart contracts as well as data computation and then run them at web speed while processing and storing the data safely and efficiently. To do this, it has created software networks to make it a lot easier for developers to use.

To do this, it utilizes several technologies. There's the chain key technology that utilizes multiple cryptographic protocols to orchestrate the nodes that make up the Internet Computer. Then there’s Non-interactive distributed key generation (NIDKG).

Then there's the nervous network system (NNS) which is the tokenized open governance system.

NNS is used to store information about which nodes belong to which subnet and can handle the updating of the information. Then there's internet identity, which is an online identity that an internet user establishes in online communities as well as websites.

Founders of Internet Computer (ICP)

Internet Computer (ICP) was founded in 2017 by Dominic Williams and quickly rose to prominence in the market cap ratings.

Williams invented Threshold Relay and Probabilistic Slot Consensus and is an active member of both the Bitcoin as well as Ethereum technical communities.

The DFINITY Foundation is a non-profit based in Zurich, Switzerland and the foundation consists of some of the world’s most highly accomplished cryptographers.

2. Price

$ICP / USD

2.1. Market Performance

How does Internet Computer's (ICP) performance compare to assets of a similar market capitalization?

30 Day Return

-32.8%

ICP

-27.5%

Similar Market Cap

60 Day Return

-42.9%

ICP

-29.9%

Similar Market Cap

3. Developer Activity

We're monitoring 46 Internet Computer Github repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in Github's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Internet Computer Repos)

Commits vs. The Market

  • Past 4 weeks: 111 commits vs. an average of 31
  • Past 12 weeks: 644 commits vs. an average of 124
  • Past year: 3,577 commits vs. an average of 860

Most Active Repos

Past week 41
Past 12 weeks 88
Past year 696
Past week 30
Past 12 weeks 105
Past year 588
Past week 27
Past 12 weeks 87
Past year 510
Past week 22
Past 12 weeks 70
Past year 383
Past week 7
Past 12 weeks 73
Past year 341
Past week 8
Past 12 weeks 39
Past year 205
4. Social Activity
Reddit Subscribers 25,135
Active Reddit Users (past 24h) 34
Telegram Users 43,578
Twitter followers 436,329
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://dfinity.org/
Explorer https://www.dfinityexplorer.org/#/
Twitter @dfinity
reddit /r/dfinity
Forum https://forum.dfinity.org/
Whitepaper https://sdk.dfinity.org/docs/interface-spec/index.html
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