What Is Internet Computer Protocol (ICP)? - An Introductory Guide

 

By Damian David Nov 27, 2022

 

Internet computer blockchain protocol

 

You're entering the world of a rebranded and super-enhanced internet with super-advanced computer functionalities, and the best part? It is a blockchain-based infrastructure

 

The Internet Computer tags itself as a World Computer that has the infrastructural technicality to host any digital structure in the world.

 

The Internet Computer Integrates these digital structures into its infrastructure using blockchain technology's smart contract design. The architectural model of the Internet Computer (ICP) was designed with distinctiveness, basically, everything in its infrastructure is a unique concept that was shaped into practicality.

 

At Glance

 

● The Internet Computer (ICP) refurbishes the present blockchain ecosystem and the present Internet and makes them both limitlessly scalable. 

 

● The Internet Computer is the world's first blockchain network that can fully host and maintain a functioning website.

 

● The Internet Computer (ICP) stores its data and substructures using smart contract technology which completely nullifies the need for a centralized operation.

 

● The Internet Computer (ICP) can be used to build anything digital, it can be used to create and develop anything as long as it has a digital footprint.

 

● The Internet Computer is self-sufficient, independent, and self-maintaining and doesn't require external resources to carry out any of its functionality.

 

● The Internet Computer was launched on the 10th of MAY 2021 by the DFINITY Foundation.

 

 

Understanding The Internet Computer (ICP)

 

The Internet Computer (ICP) is like its own Internet architecture,  like if there was another Internet functioning independently from the Internet you know of — they all are still part of the Internet but that's the gist of how the Internet Computer (ICP) really is, it has its own unique footprint in the digital world, it is the world's Internet, first of its kind, one that has combined the blockchain architecture with that of the traditional Internet architecture and put out a magnificent infrastructure that is ahead of its time.

 

Your traditional internet allows you to build and host anything on it right? The Internet Computer does the same thing but in a better way, a way that will eliminate all inefficiencies the present traditional Internet is laced with, a way that will accelerate your browsing and surfing time, a way that is top tier privacy-oriented, a way that its only limitations are proportional to the limitations of its users. 

 

What is Internet Computer (ICP)?

 

The Internet Computer (ICP) infrastructure is a multichain, multifunctional, and super flexible infrastructure that can be scaled upon by any digital structure, it can be used to build a platform, a network, a product, or a protocol all from scratch to its completion. 

 

The Internet Computer (ICP) is backed by the top blockchain and Web 3.0 developers and programmers who share the same goal for a World Computer, one which is being achieved by the Internet Computer (ICP) so building on the infrastructure of the Internet Computer automatically sets you aside from your peers or your competitors.

 

One of the biggest facilitators of the progressive development of the Internet Computer (ICP) is a Swiss-based organization called DFINITY. You can also see them as the parent company of the Internet Computer (ICP).

 

Their major goal is to be a pioneering agent in blockchain singularity, creating independent Internet/blockchain infrastructures and refurbishing the traditional Internet ecosystem using smart contract technology.

 

A particularly distinctive project that was completely built and hosted on the Internet Computer is a Twitter mock-up called SEERS. Completely decentralized, privacy-oriented, independently functioning, and beautifully designed to perfection. There are never-seen features and utilities of social media in the SEERS platform. 

 

Technical Overview of the Internet Computer Protocol (ICP)

 

The literal building blocks of the Internet Computer (ICP) are called subnets. Subnets are like the literal blocks used to build infrastructure, and just like these blocks' main components are cement, sand, and water, Subnets' main components are called canisters. Canisters are The Internet Computer (ICP) native word for Smart contracts and remember I aforementioned that everything built on top of the Internet Computer infrastructure is built as a Smart Contract.

 

Smart Contracts are called Smart Contracts because with or without a manual input they can carry out their functionalities because there is an already predetermined rule that it works with. The Smart Contract architecture of the Internet Computer (ICP) makes it fault-tolerant and self-maintaining whereas if part of it is malfunctioning it'll still carry out its predetermined functionalities using the rest of the canisters in that particular subnet.

 

How does Internet Computer Protocol work?

 

The homogenous nature of the Internet Computer protocol (ICP) in terms of its architectural composition makes it possible for its ecosystem to be interoperable and seamless with each other and also allows for a limitless scalability functionality with a limitless use case — the only limit is your imagination. 

 

What is $ICP? 

 

ICP carries out a wide range of cryptocurrency functionality, also serving as a utility token for the Internet Computer infrastructure. 

 

Is $ICP a coin or token?

 

The $ICP utility cryptocurrency is considered a coin because it has its own parent blockchain network; The Internet Computer Protocol.

 

Why Choose the Internet Computer Protocol? (ICP)

 

For the purpose of a highly effective, sonic speed, and secure internet ecosystem that is also a blockchain-integrated infrastructure, The Internet Computer solves your digital needs in all its ramifications, it gives you the ability to be actually in control of everything, your privacy included. Its infrastructure can be used to deploy a real and functional website and its infrastructure can be used to build a replica of any platform in the world with a futuristic touch.

 

 

 
Cryptohopper

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