What is Internet Computer (ICP)?

Internet Computer (ICP) is a blockchain-based platform designed to extend the functionality of the internet by enabling the hosting of serverless software.

What are the key technical features of Internet Computer?

Internet Computer is categorized under platform, smart contracts, and AI big data, and it hosts serverless software in a tamperproof cloud environment.

What are the risks associated with transferring Internet Computer (ICP)?

Digital asset prices can be volatile. Users should verify contract addresses and networks before transferring assets and handle private keys securely.

How can I verify the acquisition of Internet Computer (ICP)?

Verify the asset name, network, and contract details before transferring. Review the custody method and understand transfer irreversibility.

Where can I find official resources for Internet Computer?

Official resources for Internet Computer can be found on their website at https://internetcomputer.org/.

Internet Computer (ICP)

Rank #48

Market snapshot

Price: $2.35
Market cap: $1.3B
24h volume: $52.1M
Circulating supply: 555,994,139.013
Total supply: 555,994,139.013
Max supply: N/A

What is Internet Computer?

Internet Computer is a platform that facilitates the development and hosting of software applications in a decentralized manner. It aims to enhance the internet by allowing developers to build applications that can run directly on the blockchain. This approach promotes a more open and user-controlled internet experience.

How Internet Computer works

The Internet Computer operates by utilizing a network cloud that replicates computations and data across various compute nodes. This architecture allows for fault tolerance and ensures that applications can scale without interruption. Users can add or remove nodes to adjust hardware resources dynamically, facilitating seamless software scaling. Additionally, the platform supports secure custody of digital assets through multi-blockchain APIs and tamperproof key custody, ensuring safety even against physical breaches of compute nodes.

Key information

Symbol: ICP
CMC rank: #48
Network / platforms: ICP, Internet Computer, Arbitrum, Base
Categories: N/A
Date added: Mar 23, 2021

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

ICP
ryjl3-tyaaa-aaaaa-aaaba-cai
Internet Computer
ryjl3-tyaaa-aaaaa-aaaba-cai

Token contracts on other networks

Arbitrum
0x00f3C42833C3170159af4E92dbb451Fb3F708917
Base
0x00f3C42833C3170159af4E92dbb451Fb3F708917
Ethereum
0x00f3C42833C3170159af4E92dbb451Fb3F708917

Key characteristics

Internet Computer is categorized under several tags, including platform, smart contracts, and AI big data. The network is designed to host serverless software within mathematical protocols that create a tamperproof cloud environment. This open-source architecture allows for broad participation in its ecosystem, enabling developers to create and deploy applications without traditional server dependencies.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Internet Computer (ICP)?: Internet Computer (ICP) is a blockchain-based platform designed to extend the functionality of the internet by enabling the hosting of serverless software.
How does Internet Computer operate?: Internet Computer operates by utilizing a network cloud that replicates computations and data across various compute nodes, allowing for fault tolerance and seamless scaling.
What are the key technical features of Internet Computer?: Internet Computer is categorized under platform, smart contracts, and AI big data, and it hosts serverless software in a tamperproof cloud environment.
What are the risks associated with transferring Internet Computer (ICP)?: Digital asset prices can be volatile. Users should verify contract addresses and networks before transferring assets and handle private keys securely.
How can I verify the acquisition of Internet Computer (ICP)?: Verify the asset name, network, and contract details before transferring. Review the custody method and understand transfer irreversibility.
Where can I find official resources for Internet Computer?: Official resources for Internet Computer can be found on their website at https://internetcomputer.org/.

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