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What is Internet Computer all about
Internet Computer is one of the newer major cryptocurrencies worth taking note of. It burst onto the scene with huge volatility, but as it found its feet, the price of the coin skyrocketed and took it into the big leagues in terms of market capitalization.
What Internet Computer is trying to offer as a blockchain service is nothing new. It is a protocol and digital token (ICP) that is supposed to let anyone build software or publish content on the Internet without using services from big companies like Amazon, Google, or Facebook.
It may be new to the blockchain ecosystem, but ICP was created by the Dfinity Foundation, a non-profit in Zurich, Switzerland, and Dfinity was founded in 2016 by Dominic Williams, a serial entrepreneur and Dfinity’s chief scientist.
Internet Computer boasts both a big team and big investors, which have helped find its feet so quickly in the market. It came into being in May of this year, rising to over $600 per coin before cooling off in the following weeks somewhat.
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ICP Questions & Answers
What is the price of Internet Computer right now?
Price of Internet Computer today is 37.35 Euro.
What was the highest historical price of Internet Computer?
Internet Computer's price was the highest on 2021-05-10, at 575.73 Euro.
What will Internet Computer cost in one month?
Based on our price prediction, we suspect that Internet Computer's value will reach anywhere between €10.74 and €90.74 1 month from now.
What will Internet Computer be worth 3 months from now?
Using our short term price prediction we expect that Internet Computer's value will be between undefined and €99.08 in 90 days.
Is Internet Computer going to cost more in six months?
Accurate long term projections are very difficult, however according to our prediction we suspect that the price of Internet Computer is likely going to be between undefined and €99.08 in six months.
Do you know how popular Internet Computer is online?
23954 people were engaging via Reddit, in an online discussion about Internet Computer in the last 48 hours. Internet Computer's official Twitter handle currently is followed by null users.
What major companies are backing ICP?
ICP’s parent company Dfinity is backed by investors including Andreessen Horowitz, Polychain Capital, Amino Capital, Aspect Ventures, and Eterna Capital.
What happened with ICPs market cap?
At launch the market cap of ICP was an impressive $35 billion, but as its price hit its highest point that cap was $90 billion, putting it in the top 10 of all cryptocurrencies for size.
Can ICP really challenge the likes of Amazon and Google for content publishing?
The goal to challenge major centralized internet stakeholders is a noble and necessary one, and the blockchain is a great tech to do it from. Whether or not ICP is the project or protocol to do it remains to be seen, but their parent company is well run and backed.
Is ICP looking to be like Ethereum?
Ethereum is certainly a trend setter of blockchain’s changing the internet, but ICP maintains it is much faster and cheaper than Ethereum, and more similar in how it runs to the internet now.