Internet Computer (ICP) Crypto Price Prediction 2024

Internet Computer (ICP) is a set of protocols that allow independent data centers worldwide to band together. ICP's basic idea is to create a new kind of decentralized Internet and global computing system — where independent data centers all over the world could join together to create an alternative to the cloud services (from companies like Amazon Web Services and Google Cloud) that power most of the current Internet. Its innovative design and vision position the Internet Computer as a scalable and efficient platform for building almost any online system or service, including demanding web applications, without the need for traditional IT infrastructure. The Internet Computer has also launched its own token, the ICP token, which is used for governance (holders can vote on the future of the network), to reward network participants for good behavior, and to pay fees for making transactions. Originally called DFINITY, ICP's global and distributed network of data centers can run most of the applications that are accessible via traditional Internet standards, such as DNS (the domain name system you use via web browsers and smartphones).