Sign in

Internet Computer ICP Price

$9.70

-4%

$9.37

24h Range

$10.16

Market Cap

$4,712,952,121.0

Fully Diluted Valuation

$5,136,040,641.9

24 Hour Trading Vol

$222,063,803.0

Circulating Supply

480,040,503.9

Total Supply

529,488,726.0

Max Supply

Info

ICP Price Statistics

Internet Computer Price

$9.70

24h Range

$9.37 - $10.16

Percent Change 1h

-0.22%

Percent Change 24h

-4%

Percent Change 7d

-3.48%

All-time high

$700.65

All-time low

$2.87

Simple View
Trading View

1D

7D

1M

1Y

All

Loading...
Simple View
Trading View

About Internet Computer

What is Internet Computer (ICP)?

The Internet Computer (ICP) is a groundbreaking decentralized blockchain protocol developed by the DFINITY Foundation. Launched in May 2021, its primary goal is to extend the public internet, allowing it to serve as a global computing platform. ICP aims to enable developers to build, host, and run software applications without the need for traditional IT infrastructure, such as servers and cloud services. This revolutionary approach enhances scalability, security, and efficiency, while reducing costs associated with centralized computing resources. By facilitating smart contracts and decentralized applications (dApps), the Internet Computer empowers a new era of internet functionality, where users can interact with applications directly on the network itself.

Who are the Founders of Internet Computer?

The Internet Computer was founded by Dominic Williams, who is also the Chief Scientist of the DFINITY Foundation. Williams, a computer scientist and entrepreneur, has been pivotal in the development of the project. He envisioned a decentralized internet that would allow developers to create applications without relying on centralized entities. Under his leadership, the DFINITY Foundation has attracted a team of talented engineers and researchers, working collaboratively to bring the Internet Computer to fruition. The foundation has also garnered substantial investment, further fueling the development of this innovative technology.

How does Internet Computer Work?

The Internet Computer operates through a unique architecture that combines various components, including chain key technology and canisters. At its core, it consists of a network of independent data centers that host nodes, which run the Internet Computer Protocol. These nodes work together to create a scalable, secure, and efficient environment for executing smart contracts and dApps.

Smart contracts on the Internet Computer are packaged into units known as "canisters." Canisters contain both code and state, enabling them to execute complex logic and store data persistently. Developers can deploy canisters directly onto the Internet Computer, allowing the applications to run autonomously without intermediary servers. This decentralized model enhances security, as there is no single point of failure.

The Internet Computer also utilizes a novel consensus mechanism called "Threshold Relay," which enables rapid transaction processing and high throughput. This mechanism ensures that the network remains efficient even as it scales, supporting a large number of users and applications simultaneously. The protocol's design enables users to access applications directly through their browsers, without needing to download specific software, making it more user-friendly.

Top Use Cases of Internet Computer

The Internet Computer supports various use cases, revolutionizing how applications are built and deployed. Some of the top use cases include:

  • Decentralized Finance (DeFi): The Internet Computer enables the creation of DeFi applications that allow users to trade, lend, and earn interest on their assets without intermediaries.
  • Social Media Platforms: Developers can create decentralized social media applications that give users ownership of their data and protect against censorship.
  • Gaming: The platform allows for the development of blockchain-based games that provide players with true ownership of in-game assets and digital collectibles.
  • Web Services: Companies can use the Internet Computer to host their websites and applications in a decentralized manner, eliminating reliance on traditional cloud providers.
  • Enterprise Solutions: Businesses can leverage the Internet Computer for secure and efficient applications that require high levels of scalability and reliability.

How to Keep your Internet Computer Safe?

Ensuring the safety of your Internet Computer (ICP) assets and applications requires a combination of best practices and security measures:

  • Secure Wallets: Always use reputable wallets to store your ICP tokens. Hardware wallets are recommended for optimal security against online threats.
  • Two-Factor Authentication (2FA): Enable 2FA on all accounts associated with your ICP activities to add an extra layer of security.
  • Regular Updates: Keep your software, wallets, and devices updated to protect against vulnerabilities and exploits.
  • Phishing Awareness: Be cautious of phishing attempts. Always verify the authenticity of websites and communications before entering sensitive information.
  • Private Keys Management: Never share your private keys or recovery phrases. Store them securely offline to prevent unauthorized access.
  • Smart Contract Audits: When developing or using dApps on the Internet Computer, ensure that smart contracts are audited for vulnerabilities by reputable firms.

How to Invest in Internet Computer (ICP)?

Investing in Internet Computer (ICP) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Internet Computer: Once your account is funded, you can purchase Internet Computer directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Internet Computer (ICP) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Internet Computer using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Internet Computer (ICP) in the Long Term?

Internet Computer (ICP) is currently trading at $9.70 and exhibits good potential for future growth. Check the latest Internet Computer (ICP) price prediction.

FAQs

Recent Big Transactions


Internet Computer Info

Info

Internet Computer Insights

Recent Big Transactions


Explore More Crypto Coins

Botsfolio Blogs

Instant Access, No Sign-Up Needed!

Create and Evaluate Portfolios in Minutes

With any investment, your capital is at risk. The value of your portfolio with Botsfolio can go down as well as up and you may get back less than you invest. Past performance is no guarantee of future results. Read our (investment risk disclosure ) for more information. By using this website, you accept our (Privacy Policy) (Terms & Conditions) .

PRODUCTS

BECOME A PARTNER

CONTACT US

Support: jasmine@botsfolio.com

Marketing: marketing@botsfolio.com

KribX Inc, USA

© 2024 © Botsfolio

Privacy Policy Terms and Conditions