Internet Computer, the £15bn cryptocurrency that aims to remake the web
Dominic Williams wants to loosen the grip of cloud computing giants like Amazon with a decentralised alternative
21 May 2021 • 9:00am
For a man whose cryptocurrency has lost nearly £15bn in just over a week, Dominic Williams seems strangely relaxed.
“Look at the crypto markets too much and you’ll get an aneurysm,” he says wryly.
Certainly, this week has likely given crypto enthusiasts a headache. The price of Bitcoin, the most popular cryptocurrency, shook markets on Wednesday with a 31pc plunge in the morning followed by a 33pc surge in the afternoon.
What Is Internet Computer Protocol (ICP)?
7 hours ago | Updated by Oluwapelumi Adejumo · 6 min read Photo: Shutterstock
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Find here everything you need to know about the advanced Internet Computer Protocol – a blockchain that aims to replace the Internet and break the monopoly of tech giants.
The Internet Computer Protocol (ICP) is a pioneering, wholly adaptive blockchain controlled by a unique decentralized and tokenized governance system called the Network Nervous System (NNS). Generally, the Internet Computer Protocol serves as an advanced decentralized protocol that powers the public software development platform created by a network of independent data centers (NNS).
The token of a decentralized project that calls itself “Internet Computer” has taken the sixth spot in terms of market capitalization on the list arranged by CoinMarketCap.
What Happened: Internet Computer (ICP) the token of a cloud-computing project initially built by DFINITY, which aims to displace tech giants traded at $451.50.
ICP traded at a low of $146.45 and hit a high of $737.20 on an intra-day basis, as per CoinMarketCap data.
On May 10 at 10:00 CEST, @dfinity open sourced the #InternetComputer.
Now that the #InternetComputer is launched, the source code of 3 primary components is live: replica, nodemanager, and NNS canisters. pic.twitter.com/iMt7T3vRhd
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The Dfinity Foundation designed the Internet Computer to be self-amending so that changes in the protocol can be ensured automatically without altering the functioning of the system and the protocols that reside on it.
The much-awaited Internet Computer from the Dfinity Foundation, a not-for-profit blockchain organization based in Zurich, Switzerland, has finally been launched. The launch of the Genesis for the Internet Computer marks a new era for the growing Web3.0, as the new protocol boasts to have the capability to support a large number of decentralized applications and software that will be built on it.