The Internet Computer is a blockchain project by the DFINITY Foundation which plans to extend the functionality of public internet. It extends from a network that connects billions of people (via TCP/IP) to a public compute platform. It empowers millions of developers and entrepreneurs (via ICP).
The last original Layer 1 blockchain project is launching a revolutionary public network that provides a limitless environment for smart contracts that run at web speed, serve web, scale, and reduce compute costs by a million times or more. You can build everything from DeFi, to mass market tokenized social media services that run on-chain, or extend Ethereum dapps. This is the reason why ICP price has gained such a big momentum.
The Blockchain for Builders
The Internet Computer is a completely novel public blockchain that can run at web speed and scale without bounds.
Just like the internet is created by the IP protocol, the Internet Computer is created by a decentralized protocol (ICP). It weaves together the compute capacity of node machines running at independent data centers across the globe. By simply adding more node machines, the capacity of the Internet Computer blockchain can scale infinitely.
Blockchain Built to Tokenize Everything
The Internet Computer is the world’s first blockchain where web experiences can be built with smart contracts (canisters) served directly to end users in a browser.
This creates a completely novel playground to build hyperscale, mass-market services, all on-chain. The world’s most popular social apps, e-commerce sites, DeFi platforms, and even enterprise systems can all be reimagined as open services run with tokenized governance.
True End-to-End Decentralization
Simply build your front end in any framework (e.g., React, Angular, Vue, etc) and have the Internet Computer public network serve it directly into your users’ web browsers. — no plug-ins required. The Internet Computer serves web experiences directly into browsers, so you don’t need to rely on intermediary cloud infrastructure.
Exponential Power of the Open Web
Any service built on the Internet Computer can share functionality and data with others with the permission of the creator.
As a developer, this bold new paradigm makes it possible for you to create entirely new services by combining two or more existing products –– creating a real “programmable web.” Think full-scale social networks in less than 1,000 lines of code.
Let us review ICP price.
ICP/USD – Price Prediction
ICP is currently in an accumulation zone if we look at the 4 hour candles. If it can break the resistance zone at $118 and flip it to support, it can flip bullish. We could start seeing a move towards $132, $149, $163, $178, $198 and $223. In the higher time frame, ICP can head towards $297 and $417 if it can close above the $240 resistance zone and flip it to support.
Join us on Telegram to receive free trading signals.
For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.
Images courtesy of TradingView.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
