Internet Computer (ICP)

Internet Computer (ICP) is a public blockchain launched in May 2021 by the DFINITY Foundation, a non-profit organization based in Switzerland. With a maximum supply of 469,213,710 tokens, the ICP cryptocurrency powers the network by facilitating payments for computing resources, enabling governance votes, and maintaining system operations. The technology aims to run full applications and websites directly on a worldwide network of independent computers rather than on private servers owned by large technology corporations.

Core Functionality

• The network operates as a shared, public infrastructure where applications reside on computers across many countries.
• Unlike traditional models where users rent space from centralized landlords, this architecture prevents any single entity from secretly altering rules or shutting down services.
• A blockchain engine ensures trust by allowing everyone to read the shared digital ledger while preventing unauthorized erasure of data.
• The system utilizes specialized computers known as node machines, which are powerful servers operated by independent entities around the globe.

By distributing the network globally, Internet Computer creates an environment where software runs on a system that nobody fully owns, offering a decentralized alternative to centralized cloud providers.