#Internet #Computer ( #ICP), the project of #Dfinity, started to be listed on stock exchanges after 5 years. The ICP token made a big splash.
The launch of the Internet Computer (ICP) service token and its listing on stock exchanges resonated as a big news. Because the project behind the token started a long time ago and the launch of Internet Computer was expected for a very long time.
↘️ICP's Stock Exchange Heralds
Dfinity's ICP token announced that it will list several major exchanges on #Coinbase Pro, including $Binance, #Huobi Global, and #OKEx.
The ICP, which was traded at $ 455 according to Coingecko data at the time of the publication of the article, fell from $ 700 to the $ 250 band after the first listing. In addition, according to the data obtained, $ 2.8 billion of ICP token transactions took place within 24 hours.
↘️What Is ICP That Makes A Big Sound?
Internet Computer is a decentralized blockchain project designed by the Dfinity Foundation. Dfinity defines the protocol's mission as extending the functionality of the public internet from a network that connects billions of people through standard protocols to a public global supercomputer based on its own ICP protocol.
The team behind the project has claimed to replace the trillion-dollar legacy internet and IT industry by allowing developers to upload their code directly to the public internet.
EthereumLike , this platform will allow developers to run their computing applications on decentralized infrastructure. However, Dfinity claims to offer superior scalability over Ethereum's Layer 1 mainnet.
In addition, although Dfinity has focused on creating Internet Computer since 2016, most of the internal workings of the project remain a mystery due to its closed source development policy. The Mercury genesis launch event of the platform took place on May 7, marking the public launch of the platform, following the main network launch completed in December 2020.
ICP tokens , on the other hand , can be deposited into the management system to earn voting rewards or converted into “loops” that can be used to power smart contract computing. The Internet Computer platform runs on the Network Nervous System (NNS), an open algorithmic governance system that oversees the network and token economy.