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About The Internet Computer

The Internet Computer (ICP) is a Layer-1 blockchain developed by the DFINITY Foundation that aims to extend the public internet by enabling decentralized applications, websites, and enterprise systems to run entirely on-chain without reliance on traditional cloud infrastructure. Its native utility token, ICP, serves multiple roles: it powers governance through staking and voting, can be converted into “cycles” to pay for computation and storage in smart contracts (called canisters), and rewards node providers for maintaining network performance. The Internet Computer introduces a novel architecture featuring Chain Key cryptography, WebAssembly-based execution, and a “Reverse Gas Model,” where developers, rather than users, fund computation. This design allows the network to operate at web speed with theoretically unbounded scalability, supporting interactive web content directly from the blockchain.

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