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Internet Computer ICP |
BUY
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$2.32 |
-2.33% (24h) |
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Marketcap |
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$1,276,226,297 |
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Volume 24h |
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$48,158,330 |
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Description
Internet Computer (ICP) is a revolutionary blockchain project that aims to extend the functionality of the public internet by hosting backend software on a global, decentralized network. It allows developers to build and deploy web-scale applications, such as social networks and enterprise systems, without the need for traditional cloud providers or centralized servers. The ICP token is used for governance through the "Network Nervous System" and can be "burned" to create "cycles," which act as the computational fuel for the network. By re-imagining how software is built and hosted, the Internet Computer seeks to create an "open and programmable" internet that is owned by its users.