Internet Computer (ICP) Overview

  • The project was originally called Dfinity — decentralized infinity. This name was chosen to emphasize the potentially infinite possibilities of the new technology. However, before the main network launch the name was changed to Internet Computer for marketing purposes.
  • Over $160M USD were invested in the project with over 13 investment funds participating in the round of financing. The seed round was successfully closed in 2018.
  • Internet Computer (ICP) uses a mixed system of blockchain operation — POS for translation validation and consensus and a server node network for storage and virtual computing.
  • The project is supported by the Swiss authorities. Thus, after the main network launch and token distribution the governance is conducted by the community only. Each ICP token has its own value in the voting system, depending on the time spent in the validation node.

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