March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
Bright Ideas: Internet Computer (ICP)
The Internet Protocol is a web-like platform that uses crypto and blockchain technology to reverse Big Tech’s control over the existing internet.
Price:
$4.16
Mkt Cap:
$1,128,889,738
View Coin Page
Project Fundamentals
- The Internet Computer is a decentralized open network aimed at reversing the monopoly Big Tech companies, such as Google or Facebook, have over the traditional internet.
- It was created in 2016 when Dominic Williams started the DFINITY Foundation, a non-profit organization dedicated to researching and developing the Internet Computer.
- ICP is the utility token of the Internet Computer Protocol that allows the community to participate in the governance of the network.
- The coin can also be staked and “converted into cycles” used to run websites, decentralized applications, and more traditional, centralized programs.
Partnerships / Implementation
- Internet Computer uses a blockchain called Chain Key Technology (CKT),
- CKT does not use older blocks in the chain and operates at a much more efficient web-like speed.
- A big talking point behind ICP currently is that the Internet Computer protocol will be extended to add smart contracts to Bitcoin.
- This will allow users to send and receive Bitcoin without the need for private keys.
Roadmap and Announcements
- The DFINITY Foundation has a clear roadmap for the Internet Computer platform, highlighting its bright future.
- They have outlined that within five years, the goal is to have schools teach about Internet Computer and its programming language Motoko.
- In the next decade, they hope to overtake the big technology companies closed proprietary internet ecosystem and have their Defi system on par with the traditional financial technology.
- Lastly, within the next 20 years, DFINITY aims to have ICP be bigger than the internet as we know it today and host the majority of society’s crucial infrastructure.
Technical Analysis
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