$2.71T
Total marketcap
$103.52B
Total volume
BTC 50.23%     ETH 16.59%
Dominance
Internet Computer

Internet Computer ICP Price

$12.86 -3.8776%
  • BTC 0.0002
  • ETH 0.0034
ICO Price
ROI
FDV
$6.68B
Market cap
$5.98B
Low - High [24h]
$12.81 - $13.37
Vol [24h]
$112.34M
Cur - Max Supply
464.27M - 518.89M

Internet Computer Price chart

Sorry, that's all we've gotfor now...

Statistics

Internet Computer Price $12.86 All-time high $700.65 Days since ATH 1108
Price change -$0.518 (-3.8776%) Date of ATH May 10, 2021 % of ATH -98.16%

Internet Computer Review

Internet Computer (code: ICP)

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Founded Date: Oct, 2016

Founders:

Dominic Williams
Dominic Williams
Founder, President and Chief Scientist at Internet Computer

Internet Computer(ICP) - Coin Trading Data

Internet Computer Price $12.86
Ticker ICP
Market Capitalization $5.98B
Value 24h low $12.81
Value 24h high $13.37
Trade Volume for 24h $112.34M
Current Circulating Supply 464.27M
Maximum Supply 518.89M
Algorithm
ICO Price and ICO ROI
Price Change 24h % -3.8776%
ICP quote $12.86

Internet Computer(ICP) ATH - All Time High Price

Internet Computer ATH Price $700.65
Days Since ATH 1108
ATH Date May 10, 2021
All Time High % -98.16%

Internet Computer Profile

Internet Computer is a next generation open decentralized blockchain project that provides a digital environment for smart contracts and for creating blockchain applications, that are resistant to censorship. Formally launched in 2021 by the Swiss DFINITY Foundation, the platform is designed to create an autonomous Internet and help prevent its monopolization.

The Internet Computer Vision

Internet Computer as a solution

ICP is designed to scale smart contracts, computing systems and decentralized architecture that enables the creation of secure, open and efficient blockchain applications with autonomous community management and tokenization: social and media platforms, e-commerce services, DeFi-platforms and corporate systems.

Even though the DeFi infrastructure is rapidly evolving, many platforms are dependent on services that are provided by centralized services. Crypto projects are using solutions from major players like Google, Apple, or Microsoft for storage and computation.

Total Value Locked (USD) on DeFi
Total Value Locked (USD) on DeFi

Internet Computer solves this problem by providing technology for creating open Internet services without any owner. By doing so, developers can create unchanging APIs that guarantee that a company will not shut them down or be unable to block access. Such applications can compete with monopoly services, while users and developers will have alternatives, and this will only boost the development of the Internet.

Problems that the Internet Computer aims to solve:

Centralization This is one of the main problems of modern online services. Distributed data storage and processing eliminates the risks of data corruption or modification, that arise from the single points of failure.
Censorship Sometimes, companies are forced to follow government directives and filter information based on requests, disregarding the users' needs. If the requirements are not met, a company and its sites become subject to sanctions that break the normal operation of services.
Monopolization Monopoly in the technology industry results in companies being able to impose their own terms and conditions on users or organizations.
Lack of autonomy App developers have to follow the rules and policies of companies in order to publish software in app stores such as the App Store or Google Play. On the one hand, a decentralized ecosystem opens up more opportunities for hackers, but on the other hand, creators of useful apps will have access to a wide audience.

Internet Computer History

  • October 2016: Project was founded by successful entrepreneur Dominic Williams.
  • May 2018: 50,000 registered members receive ICP service tokens on airdrop.
  • August 2018: Dfinity announces it has attracted $102 million from both accredited investors and venture capital firms.
  • December 2020: Startup of Internet Computer's alpha network.
  • May 2021: The Internet Computer has launched. Internet Computer Protocol (ICP) tokens become available on exchanges.
Internet Computer Canister Smart Contracts since Genesis
Internet Computer Canister Smart Contracts since Genesis

Consensus

The ICP network doesn't use either Proof-of-Work (PoW) or Proof-of-Stake (PoS) consensus. Instead, the protocol provides a new consensus algorithm called Internet Computer Consensus (ICC), which is a set of atomic broadcast protocols for translating data on the blockchain. ICC consists of three protocols:

Internet Consensus Protocol Layers
Internet Consensus Protocol Layers
  • ICC0 is a simplified version of the protocol.
  • ICC1 is a modeled version of the ICC0 protocol.
  • ICC2 is a protocol that uses features that have not yet been activated in Internet Computer.

With this approach, "replicas" in the ICP network can be distributed across subnets and used separately from the core network without overloading it, and as a result, the scalability of the blockchain platform is improved. The process of dividing ICPs into subnets is called replication.

IC Tokens

IC ecosystem is based on 2 tokens: ICP and CYCLES. The CYCLES token is quite simple, it has a constant price and is tied to a currency basket. Applications owners can burn ICP tokens to gain computing power from the network, consuming resources to run CPUs, bandwidth, routing, and storage for data. The cost of these computations is determined by the number of CYCLES.

The CYCLES are analogous to gas in Ethereum or credits in AWS. Active use of ICP will lead to the progressive removal of some of them from circulation forever, which will increase the capitalization of Internet Computer, expanding its financial opportunities for further development.

Token Economics
Internet Computer Token Economics

ICP is a utility token, the price of which is established in the open market. ICP is a key element of economy, and its functionality can be divided into three main functions with first two of them being inflationary (increasing the number of coins) and the third one being deflationary (decreasing the number of coins):

  • Management of the network through ICP staking and voting by an appropriate number of neurons. New ICP tokens are distributed to reward participants.
  • Infrastructure support. ICP tokens are awarded to node holders as a reward.
  • ICP burning followed with conversion to CYCLES. The more applications and users there are on the network, the more CYCLES are needed, which means more ICP will be burned and potentially smooth out the distribution effect of new ICP tokens from staking.

Internet Computer Mining

You can't mine Internet Computer like Bitcoin. The traditional Proof-of-Stake (PoS) with staking is not supported either, and it is not possible to get a reward in return for holding your ICP tokens, or being a validator node.

Instead, the Chain Keys protocol will reward those who temporarily lock their ICPs and control voting neurons in NNS. By determining the future of projects and contributing by voting, users will accumulate additional ICP tokens as a reward.

Total Staked ICP
Total Staked ICP

Advantages and disadvantages

It is important to highlight the weaknesses and strengths of the project when considering its features.

Advantages Disadvantages
Adaptation with the Etherium system. Lack of certainty with the project's perspective.
Protection against forks. Absence of a clear understanding of the development goals.
Integration into applications and private networks.
Availability of cloud data storage.
No limitations in terms of scalability.
Formatting of smart contracts.
Transactions with cryptocurrency inside the network.

Project Roadmap

DFINITY has released a roadmap for the 20-year project, and you will find a summary of its goals below.

  1. Over the next five years: the basics of Internet Computer and Motoko (its programming language) will be learned in schools. Some open source Internet services will be a big success and everyone will know what ICP is.
  2. Over the next ten years: Internet Computer will be on its way to surpass the closed, proprietary ecosystem of the modern Internet, where big tech companies are in control; resources will continue to be diverted to ICP from traditional Internet companies; and DeFi will be an equal match for traditional financial technology.
  3. Over the next twenty years: ICP will become bigger than today's closed Internet. It will host most of society's critical infrastructure, with people worldwide benefiting from significantly increased privacy and personal freedoms.

Q&A For Internet Computer Cryptocurrency

How much is a one Internet Computer worth now?

1 Internet Computer worth $12.86 now.

What is the price of ICP?

The price of ICP is $12.86.

What is the Internet Computer max supply?

The max supply of Internet Computer is 518.89M.

What is the Internet Computer stock symbol or ticker?

The stock symbol or ticker of Internet Computer is ICP.

How many ICP coins are there in circulation?

There are 464.27M coins in circulation of ICP.

What is the exchange rate of Internet Computer(ICP)?

The exchange rate of Internet Computer is $12.86.

What was Internet Computer's trading volume in 24 hours?

Internet Computer's 24-hour trading volume is $112.34M.

What was the highest price paid for Internet Computer?

Internet Computer reached a record high of $700.65 on May 10, 2021

Internet Computer Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 Binance Binance ICP/USDT $12.85 $37.73M 32.02% 10 minutes ago
2 Coinbase Exchange Coinbase Exchange ICP/USD $12.85 $8.32M 7.06% a minute ago
3 Gate.io Gate.io ICP/USDT $12.87 $7.13M 6.05% 11 minutes ago
4 Bit2Me Bit2Me ICP/USDT $12.85 $7.1M 6.03% 3 minutes ago
5 Poloniex Poloniex ICP/USDT $12.86 $7.06M 5.99% 5 minutes ago
6 Bybit Bybit ICP/USDT $12.87 $5.67M 4.81% 10 minutes ago
7 WhiteBIT WhiteBIT ICP/USDT $12.85 $5.2M 4.42% 24 minutes ago
8 OKX OKX ICP/USDT $12.84 $4.65M 3.94% a minute ago
9 Bitget Bitget ICP/USDT $12.84 $4.29M 3.64% 9 minutes ago
10 Bibox Bibox ICP/USDT $12.93 $4.08M 3.46% 9 minutes ago
11 KuCoin KuCoin ICP/USDT $12.87 $2.69M 2.28% 10 minutes ago
12 Kraken Kraken ICP/USD $12.84 $2.55M 2.17% 2 minutes ago
13 XT.COM XT.COM ICP/USDT $12.86 $1.92M 1.63% 4 minutes ago
14 Bitexen Bitexen ICP/TRY $12.84 $1.64M 1.39% 4 minutes ago
15 Deepcoin Deepcoin ICP/USDT $12.84 $1.58M 1.34% a minute ago
16 HTX HTX ICP/USDT $12.87 $1.05M 0.89% 8 minutes ago
17 Bitrue Bitrue ICP/ADA $12.78 $937.64K 0.8% 6 minutes ago
18 Hotcoin Hotcoin ICP/USDT $12.85 $923.69K 0.78% 7 minutes ago
19 BiONE BiONE ICP/USDT $12.86 $882.99K 0.75% 4 minutes ago
20 Bitrue Bitrue ICP/XRP $12.84 $866.04K 0.74% 6 minutes ago