What is Internet Computer (ICP)?
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| Internet Computers (ICPs) |
What is Internet Computer (ICP)?
Internet Computer (ICP) The Internet Computer is the world's first blockchain that operates at web speeds with unlimited storage capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum, a blockchain computer that scales computation and smart contract data. run at web speed Process and store data efficiently and provides developers with a powerful software framework. By making this possible, the Internet Computer completely reinvented the software — revolutionizing the way to create tokenized Internet services. Common industry platforms, decentralized financial systems even traditional corporate systems and websites The project was founded in October 2016 by Dominic Williams and has gained a lot of attention from the crypto community. DFINITY has raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital and Multicoin Capital, among other well-known early Ethereum backers. People In 2018, more than 50,000 registrants received ICP utility tokens in airdrops. On December 18, 2020, DFINITY launched the Internet Computing Alpha Mainnet. In its final step towards decentralization, on May 10, 2021, DFINITY launched Internet computing into the public domain. This milestone means that the Internet now acts as a decentralized global computer. This marked by the release of the source code of all Internet computers into the public domain. As well as the ICP utility tokens that have allowed tens of thousands of community members to control the Internet computing network, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital and Multicoin Capital, and early Ethereum backers. Many famous people. In 2018, more than 50,000 registrants received ICP utility tokens in Airdrop. On December 18, 2020, DFINITY launched the Internet Computing Alpha Mainnet. In its final step towards decentralization, on May 10, 2021, DFINITY launched Internet computing into the public domain. This milestone means that the Internet now acts as a decentralized global computer. This marked by the release of the source code of all Internet computers into the public domain. As well as the ICP utility tokens that have allowed tens of thousands of community members to control the Internet computing network, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital and Multicoin Capital, and early Ethereum backers. Many famous people. In 2018, more than 50,000 registrants received ICP utility tokens in Airdrop. On December 18, 2020, DFINITY launched the Internet Computing Alpha Mainnet. In its final step towards decentralization, on May 10, 2021, DFINITY launched Internet computing into the public domain. This milestone means that the Internet now acts as a decentralized global computer. This marked by the release of the source code of all Internet computers into the public domain. As a token utility ICP that allow community members to several thousand people control the Internet, computer networks and sponsors Ethereum in the early days, many famous people in 2018 registered more than 50,000 people have been token. Airdrop ICP Utility On December 18, 2020, DFINITY launched the Internet Computing Alpha Mainnet. In its final step towards decentralization, on May 10, 2021, DFINITY launched Internet computing into the public domain. This milestone means that the Internet now acts as a decentralized global computer. This marked by the release of the source code of all Internet computers into the public domain. As a token utility ICP that allow community members to several thousand people control the Internet, computer networks and sponsors Ethereum in the early days, many famous people in 2018 registered more than 50,000 people have been token. Airdrop ICP Utility On December 18, 2020, DFINITY launched the Internet Computing Alpha Mainnet. In its final step towards decentralization, on May 10, 2021, DFINITY launched Internet computing into the public domain. This milestone means that the Internet now acts as a decentralized global computer. This marked by the release of the source code of all Internet computers into the public domain. Like ICP utility tokens that allow tens of thousands of community members to control Internet computers, the DFINITY network introduced the mainnet alpha of Internet computers. In its final step towards decentralization, on May 10, 2021, DFINITY launched Internet computing into the public domain. This milestone means that the Internet now acts as a decentralized global computer. This marked by the release of the source code of all Internet computers into the public domain. as well as ICP utility tokens that allow tens of thousands of community members to control Internet computer networks. DFINITY launches Alpha mainnet of Internet Computing. In its final step towards decentralization, on May 10, 2021, DFINITY launched Internet computing into the public domain. This milestone means that the Internet now acts as a decentralized global computer. This marked by the release of the source code of all Internet computers into the public domain. as well as ICP utility tokens that allow tens of thousands of community members to control Internet computer networks.
Who was the founder of the Internet Computer (ICP)?
Dominic Williams is the founder and chief scientist of DFINITY. He is a crypto theorist. Responsible for the invention of Threshold Relay, Probabilistic Slot Consensus, and other new cryptographic techniques. and first-generation member of the Bitcoin and Ethereum technical communities. Previously, he was president and CTO of String Labs, an incubator for crypto ventures backed by venture capitalists, DeFi pioneers at Mirror Labs, and contributor. Founder and CEO of Fight My Monster, a MMO for kids with millions of users. He has also founded several start-ups such as System7, Airdocs and Smartdrivez , graduating King's College London 1st in a computer science class.
What is the DFINITY Foundation?
The Internet computer was incubated and launched by the DFINITY Foundation, a non-profit scientific research organization based in Zurich. Switzerland It includes the world's leading encoders and experts in distributed systems and programming languages. With nearly 100,000 academic citations and 200 patents combined, DFINITY's notable technologists include: * Jan Camenisch, PhD (VP of Research) - World-renowned cryptographer and privacy researcher. Leading IBM's Cryptography/Research division for 19 years * Andreas Rossberg, PhD (Principal Engineer and Researcher) - Co-Creator of WebAssembly and former Team Lead for Google Chrome V8 Tools * Ben Lynn, PhD (Sr Staff Engineer and Researcher) - World-renowned encoder and Google Engineer, “L” in BLS cryptography, the key signature system used in Ethereum 2.
What Makes an Internet Computer (ICP) Unique?
The purpose of the computer internet is to expand the public internet. So it can become the world's computing platform. Today, the Internet is a network that connects everyone and everything. But today, systems and services operate from private infrastructure. The scientific advancement behind Internet computing is Chain Key Technology, which encompasses many advanced technologies such as the new Consensus, non-interactive distributed key generation (NI-DKG), neural networks (NNS), Internet Identity, and so on. of the encryption protocols that coordinate the nodes that make up the Internet computer. It's one of the fundamental innovations behind the computer internet. Makes only one public key This is a huge advantage because it allows any device to including smart watches and mobile phones to verify the authenticity of artifacts from the Internet computer on the contrary This is not possible for traditional blockchains. One public key is the tip of the iceberg: Chain Key Technology is the tool that powers the Internet of computing and makes it work. Allows adding new nodes to create new subnets for infinite network scaling. Replace the faulty or crashing node with a new one without stopping. Recovers the subnet even when many internal nodes fail, and smoothly upgrades the Internet Computer Protocol. Allows the network to fix bugs and add new features. The DFINITY R&D team has devised a new non-interactive key sharing protocol. Each old signer wants to relay a single message to the new signer. to make sure this is done safely. Many concepts from advanced cryptography have been applied. Includes forward-secret encryption and zero-passive knowledge proof. because there is no interaction The way the key sharing protocol works is ideal for asynchronous environments. And the benefits include key retention. throughout the life of the subnet The subnet is recognized by only one public key, and other parties on the Internet computer do not need to track changes to the public key.
Who runs the nodes in the Internet Computer Network (ICP)?
At Genesis on May 10, 2021, Internet Computer is supported by 48 independent data centers located across North America. Europe and Asia, with 1,300 nodes, the network will continue to grow exponentially to support the next generation of mega dapps, with 123 data centers operating 4,300 nodes scheduled by the end of the year, and eventually thousands of data centers in use. Millions of nodes to support a decade-long build. Open Internet, essentially, anyone can be a node provider. Those interested in applying for a Data Center ID (DCID) with a Network Nervous System (NNS) supply a dedicated machine node. Install the ICP protocol and connect to the computer Internet network.
How fast is the Internet Computer Network (ICP)?
A scientific breakthrough known as Chain Key Technology allows computers to run at web speeds. where query execution is executed in milliseconds. And updating the call takes 1-2 seconds to complete. More importantly, at Genesis Internet Computing will achieve a block rate of 2.5 blocks per second (bps), then reach industry-leading 10.3 bps and ~1,000 bps by the end of the year, in the case of the open version of Reddit running on the Internet. computer when users browse the forum Custom views of hosted content are defined and served in their web browser by running a query that runs in milliseconds on nearby nodes Provides a great user experience. But when a user wants to post from time to time or give a token tip to the post author. This will involve calling updates.
What does ICP Token do?
ICP is a legacy utility token that plays three key roles in the network:
- Facilitate network governance: ICP tokens can be locked to generate neurons that participate in network governance by voting. for which they can be economically rewarded
- Circuit production for processing: ICP is a store of value that can be converted to a circuit. which calculates the power in the role of the fuel burned when in use. NNS converts the ICP to cycles at a variable rate. Therefore, it is chosen to ensure that network users are always able to create new cycles at approximately fixed costs in real terms. Therefore, the cost of fuel supply is predictable.
- Rewarding Participants: The network created a new ICP to reward and motivate those who play a key role in keeping the network active, including: supervise b) procurement of voting rewards; with people running node machines hosting the network; and c) other miscellaneous activities.
What does the Internet Computer (ICP) cycle do?
Circulating power calculations in the role of fuel They are also stable over the long term. Unlike ICP, which values naturally fluctuate over time , Cycles are also bound to the SDR, the logical unit of currency set by the International Monetary Fund, and ICP values of 1 SDR can be converted to one trillion cycles to can calculate power
What do Internet Computer (ICP) neurons do?
Internet Computer (ICP) neurons lock the balance of ICP utility tokens and allow owners to participate in network governance. which they can get rewarded by voting
Who is the natural purchaser of Internet Computer (ICP) for ICP tokens?
- Token holders who wish to participate in network governance and receive voting rewards.
- Developers who want to convert ICP tokens to Cycles to pay for their calculations.
ICP Token Supply and Tokenomics?
There will be 469,213,710 ICP tokens at Genesis . Circulating supply depends on market dynamics, however, it is approximately 26% at Genesis Initial State Token Allocations.
- Pre-Contributor: 9.50%
- Seed donation: 24.72%
- Strategic: 7.00%
- Presale: 4.96%
- Strategic Partnership: 3.79%
- Community Airdrop: 0.80%
- Community and Developer Startup Capital: 0.48%
- Node operator: 0.22%
- Internet Computer Association: 4.26%
- Team members: 18.00%
- Consultants and other third-party token holders: 2.40%
- Foundation DFINITY: 23.86%
How does the Internet Computer Network (ICP) nervous system work for voting?
NNS works by accepting offers and deciding to accept or reject offers based on voting activity by neurons. that the network participants have created Participants also used neurons to submit new proposals. After submitting an offer The offer will be applied or rejected. This can happen almost immediately or after some delay. It depends on how the total number of neurons voted.
Who might list the Internet Computer (ICP) computer?
Coinbase, Huobi and OKEx have announced that they will list Internet Computing Utility (ICP) tokens when Internet Computing launches on May 10 at 9 a.m. PT / May 11 at 12 a.m. China time.
What is a prominent project in the Internet Computer (ICP) ecosystem ?
Internet Computing was launched with a number of well-known operators and applications created , including:
DeFi
- Enso Finance – Decentralized Exchange That Raises $5 Million
- Tacen – A highly effective non-custodial exchange that raised $2.5 million.
- SailFish – Your Gateway to Financial Services
Social
- Distrikt – Decentralized and Professional Social Media Network It is an Open LinkedIn application showcased by DFINITY in Davos at WEF 2020, which is now being brought to market.
- OpenChat – An open version of your standard chat app not owned by a big tech company.
- CanCan – An open version of TikTok that showcases the scalability and power of computer internet.
- Capsule – A Decentralized Social Media Platform Safe From Censorship That Raised $1.5M
infrastructure
- Fleek – Makes it easy to build 14,000 open websites and applications already using the Pan-Industry platform.
- Origyn – an industry platform for tracking the origins of luxury goods. starting with luxury watches
Where can you buy an Internet Computer (ICP)?
- IQ Option
- Binance
- bybit
- Celsius
- Nexo
- Crypto.com
- Gate.io
- OKEx
- KuCoin
- CoinBene
- eToro
- Huobi Global
- Bitfinex
- FTX
- ZG.Com
- CoinTiger
- Bitkub
- Satang Pro
- Olymp Trade
- Expert Option
- Binomo
- TradingView
- Deriv.com
- Exx.com
- FatBTC
- BitMart
- XM
- Exness
- FBS
- Skrill
- Neteller
- MinerGate
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