What: Internet Computer (ICP) is a network specifically designed for decentralized applications (dApps) using blockchain technology. It is considered the third largest blockchain platform after Bitcoin and Ethereum.
Why: Current blockchains are generally slow and have difficulty increasing transaction volume. ICP aims to solve these problems and enable developers to build faster, reliable and scalable dApps.
How: ICP takes a different approach than traditional blockchains. The network consists of independent data centers called "chainlets". Thanks to these chainlets, theoretically unlimited processing power and faster processing speeds can be achieved.
Who: ICP was created by the Switzerland-based DFinity Foundation under the leadership of Dominic Williams.
When: ICP was released in May 2021.
Whom is it for? ICP is especially interesting for developers and entrepreneurs due to its high speed, reliability and scalability features.
In short: ICP is a next-generation blockchain network that allows developers to create faster and more scalable dApps.