What is Internet Computer (ICP)?

#InternetComputer (#ICP ) is a revolutionary blockchain project that aims to create a decentralized internet that is not controlled by a single institution or company. It offers an alternative to central cloud services offered by technology giants such as #Amazon Web Services and #Google Cloud. ICP operates on a set of protocols that allow independent data centers to come together around the world to form a new global computing system.

ICP's decentralized network provides an opportunity for developers to develop, host and deliver applications in a more open and transparent manner, encouraging the open source and transparent software development process. ICP offers an alternative to the current internet infrastructure controlled by powerful corporations. In a centralized system, a single data center failure can bring down a large web part, and companies running web services can censor or deplatform products that compete with their services.

Internet Computer aims to create a more decentralized and resilient internet by running applications on a network of independent data centers belonging to different organizations around the world. This way, no single organization controls the internet and avoids conflicts of interest where a major cloud computing provider hosts products that compete with its own services. The ICP protocol runs on millions of computers around the world, and applications can be accessed via traditional Internet standards, such as #DNS .

ICP's governance model is based on its native token, also called ICP. The token has several uses, including its use as a governance token that gives the power to vote on the future development of the ICP protocol. There is also the possibility of rewarding network participants for their good behavior and using it as transaction fees on the network.

ICP can be thought of as converting cryptocurrencies into processing power. The network sets a fee based on the processing power required by the developer's project. As long as the fee is paid, the website operates on the public internet.