Internet Computer Price (ICP)

ICP stands for Internet Computer Protocol, which is the native cryptocurrency of the Internet Computer decentralized ecosystem and web platform. It is designed to power a new generation of decentralized applications (dApps) and smart contracts.

Internet Computer (ICP) functions as a decentralized web platform, aiming to disrupt centralized giants like Google and Yahoo. It allows developers to create fully functional decentralized applications (dApps) and software with comparable quality and scalability. The protocol's peer-to-peer (P2P) model and its openness to public involvement position Internet Computer as a viable alternative to traditional centralized platforms, fostering a more open and user-centric internet.

The Internet Computer platform stands out due to its ability to process transactions at "web speed," which is much faster compared to many other blockchain networks. This speed, combined with its decentralized nature, allows for a more seamless user experience. Unlike traditional blockchain systems that rely on cloud-based infrastructure, the Internet Computer operates on its own independent network, providing greater security and scalability. This unique setup positions it as a faster, more efficient alternative to conventional blockchain networks.

Internet Computer was created by the DFINITY Foundation, a Switzerland-based organization. The foundation was founded by Dominic Williams, who serves as its Chief Scientist. DFINITY has attracted significant backing from prominent venture capital firms like Andreessen Horowitz and Polychain Capital, helping to bring the Internet Computer project to life and ensure its development.

ICP (Internet Computer Protocol) is an inflationary cryptocurrency, meaning there is no fixed maximum token supply. The inflation rate starts at 10% in the first year and is set to gradually decrease to a steady 5% over time. This structure is designed to encourage growth within the network while managing the long-term value of the token. Currently, there are 477.6 million ICP coins in existence, with 207.6 million circulating. More than 43 million ICP are staked through a mechanism called neurons, and 77% of these are locked for at least one year. This staking structure reflects strong sentiment and support from the community within the Internet Computer ecosystem.

Internet Computer stands out because of its unique approach to decentralizing the web. Unlike traditional blockchain platforms, Internet Computer allows for continuous software development and expansion on its decentralized web, ensuring an ever-growing and dynamic ecosystem. Its integration of peer-provided bandwidth further enhances scalability and flexibility, positioning it as a competitive alternative to centralized web platforms. Another key differentiator is the platform’s speed—transactions on Internet Computer occur at "web speed," significantly faster than many other blockchain networks. This high speed, combined with its decentralized nature, sets Internet Computer apart as a powerful platform for developing decentralized applications (DApps) that can rival those on traditional centralized networks.

You can buy Internet Computer (ICP) directly on EXMON using a debit or credit card. Additionally, ICP can be traded for other cryptocurrencies on the EXMON exchange. For real-time ICP prices and trading details, check out the platform. If you're new to buying cryptocurrencies, you can refer to EXMON's How to Buy Internet Computer (ICP) guide for step-by-step instructions.