$ICP has the potential to outshine all existing cryptocurrencies. On paper, there is no crypto better than ICP. This is why many crypto influencers refuse to talk about it; because if they did, they wouldnât be able to justify discussing the thousands of other garbage cryptos, as the gap is simply too wide.
Millions of users have followed these influencers, who often promote bad hyped and short-term pumped projects. As a result, toxic communities have emerged, filled with people who have staked in projects for years that may eventually go to zero. These projects wonât be able to compete with ICPâs long-term capabilities. This is why there are so many trolls and haters. Itâs not just competition, itâs fear of obsolescence.
1. ICP's technology is genuine and can truly bring blockchain into reality. Many people think that ICP is not blockchain and that it is different from traditional BTC, BCH, LTC, and ETH. If you fall into this mindset, then you have already judged blockchain as garbage in your subconscious mind. ICP is a technology that uses blockchain technology as the underlying logic and redefines a new paradigm of Internet architecture. Only a new paradigm can lead blockchain to the forefront of world technology. 2. The ICP community has a large number of developers, who are very active, and GitHub submissions are very active. Compared with Solana, which is updated every two months and is obsessed with hyping memes, the code base of the ICP community is updated and patches are submitted every day. Some people who don't know much about it say that it is because there are many bugs that need to be fixed. I can only say that you are too superficial. ICP's positioning is to reshape the Internet Web with blockchain technology. The reason for the reshaping is to add a consensus layer to the Internet, plus the characteristics of blockchain, to make the Internet more secure and reliable, that is, web3.0. So this is a new platform, and all traditional web tools on the new platform need to be rewritten, and web2 tools cannot be simply used. For example, web2's wps, social software, sqllite and other tools cannot be directly moved here, and need to be adapted and re-ported, that is, rewriting and reinventing the wheel. The current situation of the community is very good, and more and more developers are joining in.
Remember $ICP ? ? @dfinity 1/3 Internet Computer Protocol (ICP) is a decentralized blockchain network with a market value of more than 7 billion and has been listed on major exchanges!
This coin has been strongly promoted in the community since last year. When everyone got on board, it was 6 US dollars. Now the spot price has doubled, and the group is numb! This time, it became one of the sponsors of the Hong Kong conference, and its strength is extraordinary. Reasons for optimism:
Spanning two tracks,#Depinand #Ai. Ecosystem is constantly building
2/3 ICP's latest technical application areas: a) "Chain Fusion" technology: The ICP network can natively integrate other blockchain networks at the protocol level. At present, ICP has integrated Bitcoin and Ethereum mainnets. The ICP network has run Bitcoin light nodes, which makes ICP a 2-layer network of Bitcoin and has the relatively safest cross-chain intelligence (cross-chain is controlled by the entire ICP network through threshold signatures, rather than ordinary multi-signatures). b) DePIN: The ICP network not only has the function of storing 100% of static data on the chain, but also can run large-scale calculations completely on the chain through smart contracts, which makes the ICP network itself the most ideal DePIN infrastructure. In addition, the UTOPIA project led by the founder of the ICP Foundation is a decentralized cloud project built on the ICP network, which will be a global DePIN project. c) Decentralized AI: Since the ICP network can run large language models through smart contracts, it makes ICP a very ideal AI infrastructure network. The decentralized network can better ensure the security and tamper-proofness of AI data and calculations.
3/3 Ecological development: a) The ICP Foundation is rapidly developing the ecosystem in a very decentralized and rapidly scalable way, including the establishment of 20 ICP Hubs around the world in less than a year, operated by independent Web3 entrepreneurial teams from all over the world, and conducting various activities, developer education and incubation. These ICP Hubs have contributed thousands of new developers to the ICP ecosystem in just a few months. b) ICP has launched a global ecological acceleration platform called Olympus, which consists of an on-chain ecological data system and an off-chain ecological accelerator. The platform will be operated by many independent incubators and accelerators around the world, including ICP Hub and external partners.
Is ICP a "King of Heaven" or "Death of Heaven" level project? How much potential is there?
ICP is known as a king-level project. It reaches its peak when it goes online. In the middle of the 2022 bull market, it was overtaken by major exchanges and has been making great progress. However, it did not show the king's style of always being strong. In the later period, it failed to recover and fell miserably. It was once ridiculed as " "Death" project, is it really so unbearable? Let us wait and see whether it can regain its glory in this bull market!
1. What is ICP? Internet Computer, referred to as ICP coin, has a total supply of 469.213 million ICP. Dfinity founder Dominic Williams said on Twitter that Dfinity is integrating Bitcoin through Chian Key technology. Dfinity integration is achieved through the Chain Key encryption protocol (a set of encryption protocols that orchestrate IC nodes) and containers.
Internet Computers (ICP) will eventually reach trillions of scale 1. Why Internet Computer will eventually succeed Internet computers should not be viewed with the mindset of currency speculation. Internet computers have great potential to become the next Nvidia, with a market value reaching trillions. Hereâs why: ICP's technology has been ahead of other public chains in the currency circle for many years. Don't rush to criticize this point. Many people may think that this is just a family opinion, but let's look at it from several angles. 1. Technical team: ICP has the most luxurious encryption team in the encryption circle. You can go to the official team to view the team information. Link: dfinity.org. Of course, I am just talking about it and you may not have much impression. Let me give two examples of encryption technology. Among the people who have made outstanding contributions, the first one is groth. Some people may not have heard of groth, but they must have heard of zkâs âzero-knowledge proofâ. Groth is the inventor of groth16, a zero-knowledge proof, and has worked in DFINITY for several years. The second one is one of the inventors of BLS signature, Ben Linn. BLS signature is the most commonly used signature technology in blockchain encryption technology. Of course, there is also TIMO, an early BTC developer who has greatly improved the throughput of BTC. There are many awesome people, so I wonât give examples one by one. 2. Construction of a multi-chain world: ICP uses its unique Chain key technology to enable bridge-free integration of tokens from other public chains. It has currently completed the integration of BTC and ETH, and the community is currently integrating sol and erc20 tokens. It has made great contributions to building a multi-chain world. 3. On-chain AI: Recently, DOM, the founder of DFINITY, demonstrated full-chain AI, specifically demonstrating the image recognition function of on-chain AI. After further optimization, it became a face recognition function. This is amazing. When other teams are using zk When building complex KYC verification, IC uses on-chain AI to solve the most difficult KYC problem in the blockchain. Of course, on-chain AI has many functions. The most important thing is that in this era of data overflow and piracy, , AI + BlockChain will promote the arrival of the era of real data rights confirmation. 4. UPTIOA provides private cloud specifically for enterprises: This one is awesome. First of all, listen to my analysis. First of all, the sensitivity of ordinary people to data is very low, almost insensitive. However, from ordinary people -> enterprises -> large organizations -> sovereign governments, the sensitivity to data increases exponentially, so IC uses blocks. Chain technology has built an unstoppable private cloud and solved the problem of data security. I think this is the greatest invention of blockchain, data security, and data confirmation.
Of course, there are many application scenarios for IC that are not listed, such as Defi2.0, etc., but if you look at ICP with the mentality of currency speculation, you may miss the greatest wealth in the world. #ICP #AI #DEFI2.0
#ICPđđ $ICP Developers can now integrate @OpenAI's DALL-E and GPT-4 AI models directly into dapps on #ICP đđđ "AI enables personalization and interaction at a level never before achieved in decentralized applications"
dApps + AI = Infinite potential âŸïž
DFINITY, the foundation behind the innovative Internet Computer Protocol (ICP), has just unveiled a remarkable opportunity for decentralized application (dApp) developers. This new feature involves the ability to integrate OpenAIâs cutting-edge artificial intelligence models, DALL-E and GPT-4 Vision Preview, directly into dApps running on the ICP blockchain via the Juno platform. An innovation that comes with significant benefits for developers.
AI: A New Possibility for dApp Developers on ICP
The integration of DALL-E and GPT-4 Vision Preview into dApps on ICP through Juno opens up a new realm of possibilities for developers. This technological leap allows dApp creators to leverage the advanced capabilities of content generation and natural language processing provided by these AI models. By utilizing canisters and serverless functions, developers can embed these AI models directly into their applications, thereby enhancing the user experience with more natural interactions and dynamically generated content.
Beyond improving user experience, the integration of DALL-E and GPT-4 on ICP spurs innovation in dApp development. Developers are encouraged to rethink the functionalities and services their applications can offer, exploring new ways to engage users and solve complex problems with the help of AI. This integration promises to diversify and enrich the dApp ecosystem on ICP, contributing to its evolution and maturity.
A Host of Benefits for Developers
The integration of artificial intelligence, with DALL-E and GPT-4, into dApps on ICP offers developers numerous advantages. AI enables customization and interaction at a level never before achieved in decentralized applications. Developers can generate and adapt content in real-time according to user preferences and actions.
Welcome to explore the ICP ecosystem. As the digital world continues to expand and evolve, the pursuit of a unified, secure, and user-centered Internet is not only a goal but a necessity, and Internet Computing (ICP) becomes a key force in this journey of change. With its innovative architecture, ICP redefines the fabric of digital innovation, leading us towards a future where the Internet is not only connected but inherently smart and intuitive. ICP's unique capabilities, combined with the foresight of its visionary team and the effectiveness of its groundbreaking services, Underscoring its commitment to this mission.
#ICP $ICP Artificial Intelligence and Block chains are two parrallel streams. But if the river of AI runs through the Block Chain it will be an advantage.#Ethereum(ETH) already adopted đ AI but the problem is Speed, Huge Gas Fees & OFF CHAIN contents.... #ICP is the solution for all these problems.#ICPUSD is fast(10K TPS), Gas Fees is only 5$Per year for 500 GB data and it is FULLY ON CHAINđȘđđđâïžđ
Welcome to the 10th episode of The #ICP Pulse Season 2, your daily dose of all things on $ICP Let's get into today's episode, frensđ
1ïžâŁ$ICP Price action
Okay, so as you can see we've almost touched this crucial line, while also making an uptrend [at least for now] MACD is also trending, making higher highs at the moment. As of now, the only thing we can do is watch and wait. IMO, the market is likely to go choppy in a small range until about the halving event. DYOR, as always before you consider aping in :)
Now we head to,
2ïžâŁOnchain Stats
đȘ#ckBTC Stats
Hmm. Today seems like another lazy day. The jeets aren't jeeting, Hopefully, we should expect a move, probably tomorrow
đȘNeurons Stats
Woah! We've already cracked 245K within 2 days, and heading towards the upsideđ Today, ICPeople across the globe have fueled up over 700 Neurons.
5ïžâŁInside the ICVerseđ§âđ đȘ 3 Voting Proposals in the NNS. đȘ 1 Voting Proposal in Modclub SNS. đȘ 2 Voting Proposals in Sonic SNS. đȘTVL on NNS: 3.131 Biilion USD (đș1.45%)
đȘDFINITY announced, âĄïžTune in to the upcoming Multichain Mondays X space to learn about a breath-taking era of web3 advancements with Gorazd_OV, the CO-founder of HelixMarkets today at 5 PM CET / 8 AM PT âĄïžFour New ICP Hubs have launched in the UK, USA, Brazil and Vietnam In addition, âĄïžAccording to santimentfeed, $ICP is the No. 1 blockchain in terms of development activity.
So, Here I wrap up for the dayđ Hats off for staying this farđ«Ą Now, share this with your #Write2Earn⏠Fam and everyone else who might need some ICP alphađ I'll see ya tomorrowđ«Ą
The first thing that catches my eye when looking at the chart is that the asset has come out of the long accumulation zone of the big green candle upwards.
The second accompanying growth factor is growing volumes.
The third observation is the flag formation. A flag is often formed before the final stage of growth, in case of its successful upward breakout.
What can be said by looking at this picture?
Spreading the Fibonacci grid, we can assume that in case of a breakdown of the figure, the price can go to 48$.
But in case of a downside breakdown, I would expect the price to approach the $7 area, which is the 0.5 Fibo level.
This is the zone where I would consider additional buying for the long term.
In any case, in the global picture, the growth potential is real and by analyzing it yourself (preferably with a few confirmations of your theory) you can make some investment decisions.
Remember that the more potential confirmations of your vision, the more likely the situation will work out.
In the market we always work with probabilities, for this purpose technical analysis and understanding of people's psychology will help us.
AI Tokens INJ, ICP, GRT Soars Post-Mark Zuckerbergâs Call
Metaâs (previously Facebook) positive quarterly earnings report not only had an impact on Metaâs stock but also significantly affected AI-related cryptocurrencies. Following this positive result, Metaâs stock price experienced over a 14% upside momentum, while the market cap of AI-related cryptocurrencies also increased by more than 17%.
Mark Zuckerbergâs optimistic outlook on AI and Metaverse
After a positive earnings report, Metaâs CEO and founder, Mark Zuckerberg, stated, âWe had a good quarter as our community and business continue to grow. We have made a lot of progress on our vision for advancing AI and the metaverse.â
Additionally, the positive optimism from Metaâs CEO indicates that Metaâs ongoing developments in artificial intelligence and the metaverse showcase their commitment to these futuristic technologies. This statement and positive outlook on AI have caused an overall upswing in AI-related cryptocurrencies.
On the other hand, top AI tokens such as Internet Computer (ICP), Injective (INJ), NEAR Protocol (NEAR), Render (RNDR), and many others have experienced significant price surges. Despite these surges in AI token prices, the overall cryptocurrency market is also up and experiencing a bullish trend.
Injective (INJ) and other tokens show positive momentum
The top AI token gainer is Internet Computer (ICP), as it is currently trading near $12.6, and in the last 24 hours, it experienced over 8% upside momentum. Looking at ICP over a longer period, in the last 7 days, it gained over 10% in price momentum, while in the last 30 days, it experienced over 7% downside momentum. However, ICP boasts the highest market cap at $5.8 billion, surpassing any other AI token.
Another token that gained momentum is Injective (INJ). Currently, INJ is trading near $34.6, and in the last 24 hours, it experienced over 3% upside momentum. Examining INJâs performance over a more extended period, in the last 7 days, it saw over 5% upside momentum, while in the last 30 days, it experienced over 14% downside momentum.
Other AI cryptocurrencies that gained momentum include NEAR Protocol (NEAR), Render (RNDR), and The Graph (GRT). According to data from CoinMarketCap, these tokens, including NEAR, RNDR, and GRT, experienced increases of over 4%, 3.5%, and 2.5%, respectively, in the last 24 hours. With this bullish momentum in AI-related tokens, the market cap of AI tokens has also increased by over 16%, standing at nearly $25.6 billion.
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"ICP is on a roll; keep an eye on it. It is a long-term contender, but not many pay attention because its community isn't vocal. However, it is growing day by day, not like a rocket but still in the early stages."
Eateries 9 10 Targets 13 14 15 16 Long bull run 600 No sl #Write2Earn #TrendingTopic #ICP/USDT ICP$ICP
The first ring of the bull market, BTC L2 will create the king of alpha
As mentioned in the last long tweet, the great development of "Inscription" has promoted the prosperity of the BTC ecosystem, but it has also enhanced competition for BTC network resources, high costs, and the foreseeable rise of BTC in the future, which has been increasing. The determination of BTC ecosystem players to enter. This prompted people to start discussing BTC's expansion plan, which also attracted the attention of the community and investors. Of course, people have very tacitly noticed the expansion plan of directly upgrading BTC L1. The most radical discussions are nothing more than lifting the seals of some OP scripts and continuing to tap the remaining potential of BTC under Taproot (such as discussions on CTV and CAT). In terms of the development and theoretical results of ETH rollup and upgrade, BTC Layer2 has become the mainstream of expansion discussions and the fastest effective solution. The National Project will also be launched in the next two or three months and will become the absolute mainstream narrative of hype.
While there were many moments when it felt like the Bears would be forgotten, the ICP community moved on last year, resilient, focused, and productive, giving us a look back at the highlights of 2023 and a sneak peek into 2024. Numbers speak louder than words Developer growth in 2023 It's been a brutal year for the crypto industry, with developer activity in top blockchain ecosystems falling sharply for the first time, and the ICP developer community wasn't immune, losing developers in previous quarters despite a slow start. It still ended the year with 30% growth. While this growth is primarily driven by part-time developers, it is certainly a harbinger of future growth among full-time developers and a sign that the industry is healing as more developers are gradually returning or joining the ecosystem to explore.
Bitfinity Secures $7m Investment for Bitcoin Sidechain on ICP
Emanating an aura of confidence and candor, Bitfinity Network, a trailblazing entity in the web3 infrastructure domain, has recently clinched a striking $7 million in funding. This financial boost, a collaborative effort spearheaded by Polychain Capital and ParaFi Capital, propels Bitfinityâs ambitious endeavor to weave an innovative off-chain tapestry for Bitcoin and Ordinals.
The spotlight of this venture shines on the creation of the Bitfinity Ethereum Virtual Machine (EVM), a groundbreaking Bitcoin sidechain seamlessly integrated into the Internet Computer blockchain. This initiative paves the way for the deployment of EVM-compatible decentralized apps (dApps) in the Bitcoin arena.
Revolutionizing Bitcoinâs Accessibility and Efficiency
Max Chamberlin, the founder of Bitfinity, articulates the companyâs vision with an unmistakable blend of enthusiasm and pragmatism. He emphasizes the groundbreaking potential of the Bitfinity EVM, which not only offers a staggering 100-fold increase in processing speed compared to Ethereum but also significantly cuts down on operational costs. This development positions Bitfinity at the forefront of Bitcoin sidechain solutions, eschewing traditional intermediary bridges in favor of a more direct, effective approach.
The technological backbone of Bitfinity is its novel approach to Bitcoin and cross-chain asset management. Utilizing the Internet Computerâs Chain-Key technology, the platform empowers smart contracts to securely manage Bitcoin and Ordinal assets. This innovative method enhances security and transparency, offering a robust alternative to conventional bridge mechanisms that are often plagued by security vulnerabilities.
Expanding the Horizons of Decentralized Finance
The integration of Bitcoin with the Internet Computer blockchain earlier this year heralded a new era in decentralized finance (DeFi). By eliminating the need for hardware-based solutions, this integration allows for a more trust-minimized utilization of Bitcoin in the DeFi space, addressing the congestion issues sparked by the success of the Ordinals protocol.
As Bitfinity gears up for the mainnet launch of its EVM, Ethereum developers are poised to leverage a plethora of advantages. The Internet Computerâs capabilities in speed, security, cost-efficiency, and decentralization will be at their disposal, coupled with the incorporation of Bitcoin as a fully decentralized asset. This marks a significant milestone in Bitcoinâs journey towards becoming a more versatile and integral part of the DeFi landscape.
One of the most notable features of the Bitfinity EVM is its ability to facilitate Solidity smart contractsâ access to ckBTC, a Bitcoin-backed asset, through the Chain-Key scheme. This feature promises to revolutionize the way decentralized applications are built and interact with Bitcoin, offering a fully decentralized stack, unparalleled processing speed, and lower transaction costs.
The roadmap for Bitfinity includes the integration of Taproot assets, such as Ordinals and BRC-20 tokens, into its ecosystem. This move aims to create comprehensive on-chain indexers that monitor transactions involving these assets, further enhancing the platformâs capabilities and reach.
As Bitfinity marches forward, it carries the promise of transforming the way Bitcoin is used and perceived in the digital world, making it an entity to watch in the coming years.