New cryptocurrency Internet Computer (ICP) broke into the TOP 10
As soon as it appeared on the exchange, the new Internet Computer token (ICP) entered the top ten by capitalization.
The creators of ICP are going to change the outdated IT industry and the Internet in general.
Trading in the new Internet Computer (ICP) cryptocurrency started on May 10 on the well-known cryptocurrency exchanges Binance, Coinbase Pro and Huobi Global.
On the first trading day, the ICP token reached a capitalization of more than $79 billion, its price reached a record high of $700.65. Two weeks later, the capitalization fell to $16 billion, but ICP continues to stay in the TOP 10.
The creator of ICP, the Briton Dominic Williams, has big plans - with the help of this project, he planned to revolutionize the Internet and take power over the network from the IT giants - Amazon, Google and Microsoft, writes Forbes.
Internet Computer (ICP), created and launched by the Dfinity Foundation, is positioned by developers as "the world's first blockchain running at Internet speed with unlimited bandwidth."
According to them, it represents the third major innovation in the field of blockchains, along with bitcoin and Ethereum — a computer with a blockchain that scales the calculations and data of smart contracts, runs them at the speed of the Internet, efficiently processes and stores data, and provides developers with powerful software frameworks.
Dfinity aims to reinvent the Internet as a public computer to host tamper-proof software and a new generation of open Internet services. Dfinity is supported by companies such as Andreessen Horowitz and Polychain Capital.
The future of the ICP token will largely depend on the IT sector: whether it will support the idea of Williams and whether it will move to his platform. However, large venture funds and companies have been involved in the development of the technology, and they have the financial and media resources to support the demand and come out of this project with a plus.