Overnight Crypto Sensation Internet Computer Sets Out to Undo Internet’s Failings
It wants to allow developers to launch their software directly to its network that it claims can’t be controlled or manipulated by tech giants.
Bloomberg | May 13, 2021
Matthew Leising and Olga Kharif (Bloomberg) -- The cryptocurrency that shot to a more than $45 billion valuation since it began trading on Monday could be just the tip of the iceberg for a new type of blockchain that hopes to remake how people interact with the world wide web.
While the surge in the value attracted headlines, the Internet Computer project run by the Dfinity Foundation and its founder Dominic Williams has actually been in development for several years. The goal is twofold -- to improve the slow pace of most blockchain technology and remove gatekeepers like Amazon Web Services as the centralized, for-profit entities that both blockchain and websites rely on. The token, dubbed Internet Computer Price, or ICP, allows holders to govern the network.