Internet Computer - Logo

Internet Computer(ICP)

Blockchains (L1)
3.1y ago
269d ago
Internet Computer - Logo
1 chain

7d price-16.6%

30d price-25.3%

90d price-28.0%

180d price-7.1%

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What is Internet Computer?

Internet Computer is a smart contract platform for decentralized applications (a blockchain based World Computer). Internet Computer was founded by Dominic Williams and launched in 2021.

How does Internet Computer work?

Node operators process transactions and receive token incentives. These independently owned high-spec node machines around the world are connected via Internet Computer Protocol (ICP), creating a self-sovereign network not reliant on any cloud services. Advanced cryptography allows any application or service to be run on the network in a decentralized manner via smart contracts.

Who governs Internet Computer?

ICP tokenholders own and govern the protocol. They currently take (burn) all of the total transaction fees paid by users (revenue). ICP Holders can stake their ICP on the Network Nervous System (NNS), an advanced fully on-chain DAO that facilitates liquid democracy. Staking ICP allows users to submit proposals, vote on proposals, and earn rewards for their participation in governance. Internet Computer's investors include Polychain, Scalar Capital, Amino Capital, etc.

Related posts

RevenueInternet Computer's share of the transaction fees and cycle purchases$100Connects Validators & UsersSupply-side feesValidators' share of the transaction fees and cycle purchases$0ValidatorsFeesTransaction fees and cycle purchases paid by users$100Users
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.