The Internet Computer Protocol (ICP) is a groundbreaking cryptocurrency that enables users to build decentralized applications (dApps), websites, and web services without relying on centralized tech giants like Amazon or Google. Created by the Dfinity Foundation and backed by top-tier investors like Andreessen Horowitz, ICP represents a paradigm shift towards a more open and decentralized internet.
How Internet Computer (ICP) Works: Core Features Explained
Decentralized Governance with ICP Tokens
ICP serves as the governance token for its network, allowing holders to participate in decision-making. Users can delegate voting power through "neurons," which automatically follow majority consensus if preferred.
👉 Learn how to stake ICP tokens for governance rewards
Unique Technological Infrastructure
Unlike most blockchains that run on cloud services:
- Operates on dedicated hardware maintained by independent parties
- Features "Internet Identity" for seamless authentication (biometric/FIDO support)
- Uses Motoko programming language, compiling to WebAssembly for web compatibility
Utility Functions
- Network Rewards: Incentivizes participation in network operations
- Cycle Conversion: Powers computation for dApps
- Liquidity Provision: Supports ecosystem growth
Market Performance and Key Statistics (Live Updates)
| Metric | Value |
|---|---|
| Current Price | $4.73 |
| 24h Change | -2.83% |
| All-Time High | $461.10 (May 2021) |
| Circulating Supply | 534.99M ICP |
| Trading Volume (24h) | $32.07M |
| Market Capitalization | $2.53B |
| Market Share | 0.07% |
Where to Buy ICP Tokens
Internet Computer is available on major exchanges:
- Centralized Exchanges (CEX): Binance, Coinbase Pro
- Decentralized Exchanges (DEX): Integrated within the ICP ecosystem
👉 Compare ICP trading pairs across top exchanges
Frequently Asked Questions
What makes ICP different from other cryptocurrencies?
ICP uniquely combines decentralized cloud functionality with blockchain governance, eliminating dependence on traditional cloud providers while maintaining web compatibility.
How does Internet Computer achieve decentralization?
Through independently operated node machines that replace centralized cloud infrastructure, creating a truly decentralized network for hosting applications.
Is ICP a good investment?
While past performance shows volatility (99% below ATH), its technological differentiation and backing by credible institutions make it a noteworthy project in the blockchain space. Always conduct your own research before investing.
Can I stake ICP tokens?
Yes, ICP can be staked to participate in network governance and earn rewards. The staking mechanism involves creating "neurons" with configurable voting preferences.
What's the maximum supply of ICP?
Internet Computer has no maximum supply cap, with current circulating supply at ~535 million tokens. The protocol implements controlled inflation to fund network operations.