Internet Computer Protocol (ICP) is a groundbreaking cryptocurrency token created by the Dfinity Foundation. It powers the "Internet Computer," the world’s first decentralized blockchain that operates at web speed with unlimited scalability. The mission of ICP is to extend the public internet's capabilities, enabling it to host backend software and services, transforming the internet into a global, decentralized computing platform.
ICP tokens serve multiple roles within the ecosystem. They function as governance tokens, allowing holders to vote on proposals and upgrades to the network. Additionally, ICP is a utility token used for executing smart contracts and decentralized applications (DApps), as well as rewarding participants who support the network's operations.
In 2024, ICP continues to push boundaries by integrating Decentralized AI (DeAI), which allows AI models to run directly on-chain, providing transparency and security in AI applications. The protocol also enables Chain Fusion, fostering seamless interoperability between major blockchains like Bitcoin, Ethereum, and Solana, further enhancing liquidity and cross-chain functionality.
ICP’s consensus mechanism, Threshold Relay, remains integral to its fast and secure transaction processing, allowing services to operate at web speed with robust security guarantees.
Above are only for introduction, not intended as investment advice.
