The blockchain that runs at web speed.
**Internet Computer (ICP)** is a decentralized computing platform developed by the **Dfinity Foundation**.
It aims to extend the public Internet so it can host backend software, transforming it into a full-stack decentralized network.
With Internet Computer, developers can build and deploy applications directly on-chain - without relying on traditional cloud providers or centralized servers.
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Project Overview
Internet Computer uses **Chain Key Technology** to achieve high-speed performance and infinite scalability. Smart contracts, known as **canisters**, can serve web content, process transactions, and store data natively on-chain.
The project's goal is to replace traditional IT infrastructure by making decentralized applications as fast and efficient as regular web apps.
The **ICP token** powers network governance, transaction fees, and rewards for node providers that maintain the network.
Key Insights
Internet Computer offers a fully decentralized alternative to traditional cloud computing.
Its ability to serve web pages and manage data directly on-chain makes it unique among smart contract platforms.
The network continues to evolve with projects in gaming, DeFi, AI, and Web3 infrastructure.
Common Questions About Internet Computer
1. What is Internet Computer (ICP)?
It's a decentralized blockchain network that allows developers to build full-scale web applications entirely on-chain.
2. Who created Internet Computer?
It was developed by the **Dfinity Foundation**, a Swiss-based non-profit organization.
3. How is ICP different from Ethereum?
ICP runs smart contracts at web speed and can host entire applications and data without external servers.
4. What is a canister?
A canister is a special type of smart contract that combines code and storage, forming the core of Internet Computer apps.
5. What is the role of the ICP token?
ICP is used for governance, transaction fees, and rewarding node operators that provide computing resources.
Market Context
Internet Computer positions itself as the foundation for a truly decentralized Internet. Its innovative approach could redefine how web services, games, and finance apps are built and hosted.
With increasing demand for privacy and decentralization, ICP's technology bridges traditional web performance with blockchain transparency.