Internet Computer Protocol
Name
Internet Computer Protocol
Summary
-Internet computer is an infinitely scalable general-purpose blockchain.
-It was founded by Dominic Williams in 2016
-It is the third important blockchain innovation after Bitcoin and Ethereum
Rating
Symbol
ICP
Overview
The Internet Computer seeks to become a 'world computer,' containing Web3 dapps, DeFi, gaming, NFTs, social media, and metaverse utilized by billions of users, and was incubated and launched by the DFINITY Foundation in May 2021.
Along with Bitcoin and Ethereum, it is the third major blockchain innovation — a blockchain that supports industry-leading 250,000 queries per second, 1-second transaction finality, storage costs less than $0.46 per GB per month, and decentralized, censorship-resistant sovereign physical infrastructure capable of scaling to millions of nodes using ground-breaking technology called Chain Key cryptography.
Historical Price Movement (in INR)
Technology
Chain Key Cryptography, which encompasses multiple scientific breakthroughs and innumerable developments in crypto engineering, is the critical invention underpinning the Internet Computer.
Network Nervous System (NNS) DAO: The NNS DAO is a permissionless, decentralized algorithmic system that governs the Internet Computer. It automatically improves the protocol based on community ideas and adds new nodes constantly, allowing the blockchain network to scale indefinitely.
Low On-Chain Data Storage Costs: Entrepreneurs and developers may run Web3 dapps on-chain for the first time thanks to the low cost of decentralized data storage via the Internet Computer.
User-Friendly Web3 Experience: Internet Computer is the only public blockchain that runs smart contracts that directly serve HTTP calls to consumers.
Reverse Gas Model: The Internet Computer lowers the barrier to mass-market adoption by allowing users to interact with Web3 dapps without the usage of tokens or token wallets – no more paying gas costs to mint NFTs, execute DeFi transactions, play games, connect with social network dapps, and so on.
Anonymity: Internet Identity, the only anonymizing blockchain authentication system leveraging cryptographically enabled devices such as the fingerprint sensor (TouchID) on a laptop, FaceID system on mobile, or portable HSM devices such as YubiKey or Ledger wallet, allows users of Internet Computer-based Web3 dapps, DeFi, games, NFTs, social media, and metaverse to anonymously authenticate to Web3 dapps without being tracked across dapps and services.
100% Sovereign Infrastructure: The Internet Computer, like the Bitcoin network, is the only other 100 percent sovereign infrastructure in blockchain, with zero centralized cloud nodes.
Infinite Scalability: The division of the Internet Computer into subnet blockchains helps the network scale indefinitely.
Lightning Fast Speed: The Internet Computer blockchain is built to handle many updates and transactions consistently without sacrificing speed, security, sovereignty, or decentralization.
Early contributors
10%
Seed donations
25%
Strategic
7%
Presale
5%
Strategic partnerships
3.79%
Community airdrop
0.8%
Initial community and developer grants
0.48%
Node operators
0.22%
Internet Computer Association
4.26%
Team members
18%
Advisors and other third-party token holders
2.4%
DFINITY Foundation
23.86%
Volume (27th March 2022)
$122,227,214
Total Supply
479140419
Circulating supply
216,041,414.58 ICP
Crowd Sales
DFINITY has raised $166.9 million in investment throughout eight rounds. Their most recent funding came from a Series A round on January 13, 2019.
Funding
13/01/2019:Series A-NA
28/08/2018:Venture Round-$102M
01/06/2018:Venture Round-NA
07/02/2018:Venture Round-$61M
17/11/2017:Seed round-NA
14/02 /2017:ICO-CHF3.9M/$4.18M
01/01/2017:Venture round -NA
01/01/2014:Seed round -NA
Country
Switzerland
Name of Organization
DFINITY Foundation
Year Incorporated
2016
Registered Address
Stocker Strasse 47,8002 Zürich, Switzerland
Dispute Resolution and Governing Law
Switzerland
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Dominic Williams | Founder/Chief Scientist | King's College LondonBachelor's Degree, Computer Science | 23 Yrs |
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Whitepaper 
