š Internet Computer ($ICP) revolutionizes web services via a secure, decentralized protocol, powered by the ICP token.
š ļø Developed by Dominic Williams of DFINITY, ICP redefines the internet by facilitating app development, managing fees,
compensating contributors, and governing network decisions.
š° With $121M in funding, including from Andreessen Horowitz, DFINITY launched ICP in 2017, distributing $35M worth of
tokens via a 2018 airdrop.
š Full-scale development of ICP began in 2019, leading to its official rollout in May 2021 with features like Canisters for advanced smart contracts.
š Positioned as the third major blockchain innovation, ICP aims to dismantle big tech monopolies and transform cloud services into a decentralized network.
šÆ Williams emphasizes ICP's scalability and efficiency, contrasting it with "traditional blockchains" like Ethereum and Solana, which he considers inefficient for web3 applications.
š” Despite initial volatility, ICP's recent price recovery reflects growing interest in its potential to power the next phase of the internet. At $13.15, it's up 131.1% in the past year.