Bitcoin
BTC$49 177.82

-7.92%

Ethereum
ETH$4 092.88

-2.38%

Binance Coin
BNB$563.52

-4.86%

Tether
USDT$0.999981

-0.03%

Solana
SOL$203.61

-3.36%

Cardano
ADA$1.42

-8.66%

Internet Computer (ICP) Price, Market Cap and Information


Internet Computer (ICP) Buy Internet Computer Now
Internet Computer (ICP) The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation...
CVIX 67
Current price $31.75
Change 24h -15.96%
Change 7d -24.99%
Market Cap $5 829 091 930
Available supply 183 582 650 ICP
Volume 24h $549 321 299
Updated Saturday, December 4, 2021 11:00:03PM UTC
Nature Token
Mineable No
Discussion
WWW Website

Internet Computer price change 24 hours

Internet Computer Short Term Forecast

After Price Change
1 day $24.15 -23.94%

Internet Computer Price Predictions

Internet Computer General Information

General ICP facts, technical details and Internet Computer Cryptocurrency information

The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum — a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. By making this possible, the Internet Computer enables the complete reimagination of software — providing a revolutionary new way to build tokenized internet services, pan-industry platforms, decentralized financial systems, and even traditional enterprise systems and websites. The project was founded in October 2016 by Dominic Williams, and attracted notable interest from the crypto community.

DFINITY raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable early Ethereum supporters. In 2018, over 50,000 registerter participants received ICP utility tokens in an airdrop. On December 18, 2020, DFINITY launched the alpha mainnet of the Internet Computer. In a final step towards decentralization, on May 10, 2021, DFINITY launched the Internet Computer into the public domain.

This major milestone means that the internet now functions as a decentralized global computer — marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token allowing tens of thousands of community members to govern the Internet Computer network.

Who Is The Founder of the Internet Computer?

Dominic Williams is the Founder and Chief Scientist of DFINITY. He is a crypto theoretician, responsible for inventing Threshold Relay, Probabilistic Slot Consensus, and other novel crypto techniques, serial entrepreneur, and early member of the Bitcoin and Ethereum technical communities. Previously, he was President and CTO of String Labs, an incubator for venture-backed crypto projects, early pioneer of DeFi at Mirror Labs, and Founder and CEO of Fight My Monster, a MMO game for children that scaled to millions of users. He also founded several startups such as System7, Airdocs and Smartdrivez. Graduated King’s College London 1st in Class in Computer Science.

What Makes the Internet Computer Unique?

The purpose of the Internet Computer is to extend the public internet, so it can also be the world’s compute platform. Today, the internet is a network that connects everybody and everything, but systems and services currently run from private infrastructure. The scientific breakthrough behind the Internet Computer is Chain Key Technology, which encompasses dozens of advanced technology such as novel Consensus, Non-Interactive Distributed Key Generation (NI-DKG), Network Nervous System (NNS), Internet Identity, etc. Chain Key Technology consists of a set of cryptographic protocols that orchestrate the nodes that make up the Internet Computer.

It is one of the fundamental breakthroughs behind the Internet Computer, enabling it to have a single public key. This is a huge advantage because it allows any device, including smart watches and mobile phones, to verify the authenticity of artifacts from the Internet Computer. In contrast, this is not possible for traditional blockchains. The single public key is just the tip of the iceberg: Chain Key Technology is the engine that drives the Internet Computer and makes its operation possible.

It allows for adding new nodes to form new subnets to scale the network infinitely; replacing faulty or crashed nodes with new ones without ever stopping; reviving subnets even if too many nodes within have failed; and upgrading the Internet Computer Protocol seamlessly, allowing the network to fix bugs and add new features. The DFINITY R&D team has invented a new noninteractive key resharing protocol. Each of the old signers only needs to broadcast a single message to the new signers. To ensure that this is done securely, many concepts from advanced cryptography are utilized, including encryption with forward secrecy and noninteractive zero-knowledge proofs. Because it is noninteractive, the way the key resharing protocol operates is ideal for an asynchronous environment, and the benefits include key preservation. Throughout the lifetime of a subnet, it is known by a single public key, and the other parties on the Internet Computer do not have to keep track of changing public keys.

Who Runs the Nodes in the Internet Computer Network?

At Genesis on May 10, 2021, the Internet Computer is supported by 48 independent data centers — located across North America, Europe, and Asia — running 1,300 nodes. The network will continue to grow exponentially to support the next generation of mega dapps, with 123 data centers running 4,300 nodes scheduled by the end of the year, and eventually thousands of data centers running millions of nodes to support the decade-long building out of the Open Internet. Importantly, anyone can become a node provider, interested parties apply for a Data Center ID (DCID) to the Network Nervous System (NNS), procure specialized machine nodes, install the ICP protocol, and connects to the Internet Computer network.

How Fast is the Internet Computer Network?

The scientific breakthrough called Chain Key Technology allows the Internet Computer to run at web speed — where query calls execute in milliseconds, and update calls take 1-2 seconds to finalize. More importantly, at Genesis, the Internet Computer will have a block rate of 2.5 blocks per second (bps), then quickly to an industry leading bps of 10.3 bps, and ~1,000 bps by end of the year. In the case of an open version of Reddit running on the Internet Computer, when a user browses the forum, customized views of the hosted content would be formulated and served into their web browser by the execution of query calls, which run in milliseconds on a nearby node, providing a fantastic user experience. But when a user wishes to occasionally make a post, or provide a tip of tokens to the author of a post, this would involve update calls, which would take 1–2 seconds.

What Does the ICP Token Do?

ICP are native utility tokens that play three key roles in the network:

What Do Cycles Do?

Cycles power computation in the role of fuel. They also have a constant value over the long-term, which contrasts with ICP, whose value will naturally vary over time. Moreover, Cycles will be pegged to the SDR, which is a logical currency unit defined by the International Monetary Fund, and 1 SDR worth of ICP can be converted into exactly one trillion Cycles to power computation.

What Do Neurons Do?

A neuron locks a balance of ICP utility tokens and enables its owner to participate in network governance, through which they can earn voting rewards.

Internet Computer Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Nov 25 40.57 40.57 43.94 7 872 496 996
Nov 26 43.05 38.67 45.03 7 243 646 249
Nov 27 39.35 39.35 44.21 7 734 223 039
Nov 28 41.89 40.06 41.97 7 475 809 814
Nov 29 41.73 41.19 42.42 7 730 140 353
Nov 30 42.01 40.62 42.23 7 530 980 345
Dec 01 40.84 40.84 42.86 7 474 112 861
Dec 02 41.05 40.10 41.05 7 420 021 803
Dec 03 40.12 37.71 41.19 6 933 283 728
Dec 04 37.93 29.17 37.93 5 829 091 930

ICP/USD Price Charts

ICP to USD price chart – 7 days
ICP to USD price chart – 30 days
ICP to USD price chart – 60 days
ICP to USD price chart – 6 months

* Crypto Rating accepts no liability for any errors in the Internet Computer information, ICP Prices and ICP's Market Cap. For the most up-to-date prices please visit the Internet Computer's official website.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76% 49 $49 177.82 -7.92% -10.53% $929 035 044 566 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82.8% 34 $4 092.88 -2.38% -0.69% $485 446 527 829 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 81.2% 30 $563.52 -4.86% -7.33% $93 995 664 394 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 95.6% 1 $0.999981 -0.03% 0% $74 156 265 433 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 72% 60 $203.61 -3.36% 4.31% $62 231 324 330 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 67.6% 67 $1.42 -8.66% -8.56% $47 386 208 203 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 71.2% 64 $0.847073 -8.28% -10.87% $40 021 926 228 XRP 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 96% 2 $0.999590 -0.04% -0.01% $39 871 779 233 USDC 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 61.6% 74 $29.29 -12.73% -17.58% $28 929 753 364 DOT 7 days price change
10 Terra (LUNA) LUNA Terra predictions 68% 62 $74.10 13.99% 67.51% $28 735 392 986 LUNA 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 62.8% 71 $0.178634 -10.26% -13.05% $23 648 648 660 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 64% 74 $92.34 -12.64% -18.20% $22 411 255 216 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 63.6% 73 $0.000037 -7.81% -5.02% $20 467 328 342 SHIB 7 days price change
14 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 58.4% 83 $0.605372 -3.98% -24.08% $15 293 531 006 CRO 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 69.6% 59 $1.99 -10.33% 22.67% $13 980 255 925 MATIC 7 days price change

News, Promo

BTC
Bitcoin’s downtrend as a sign of market maturity

Over the past 24 hours, cryptocurrency market capitalisation has fallen by 1.8% to $2.59 trillion, with bitcoin losing only 0.5% to $56.7K. On bitcoin’s daily charts, the RSI index...

03 Dec 2021
SHIB
Shiba Inu, Dogecoin, Cardano, and More Crypto in FBS

FBS is keeping in step with the growing cryptocurrency market and add new crypto assets. Now you can trade the most trendy and promising crypto...

03 Dec 2021
BTC
Bitcoin investors seem keen to capitalise on a very successful year

For the third day in a row, bitcoin is hovering around $56.7K with a slight downward bias. The pressure from traditional financial markets is already hard to speak...

03 Dec 2021
BTC
Bitcoin correction weakest of 2021 so far as hopes of Santa Claus rally rise

Bitcoin has fallen just 17% from ATH, which makes this correction the shallowest of the year so far. In previous bull market cycles, there has been a measurable...

01 Dec 2021
ETH
Eth2 devs call on to community to help test out the merge

As the transition to Eth2 edges closer, Ethereum developers have launched a program for non-technical users and technical users alike to help test the upcoming Beacon Chain merge...

01 Dec 2021
BTC
Bitcoin cools from 1-week highs with key long-term metric echoing $44K

A "bullish engulfing" enters on multi-day charts as BTC price action manages to preserve some of Monday's gains. Bitcoin (BTC) returned to cement higher support...

30 Nov 2021

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.