ICP/CAD - Internet Computer Canadian Dollar

Currency in
4.89
+0.13(+2.75%)
Real-time Data·
Trading near 52-week Low
Day's Range
2.5413.76
52 wk Range
2.5428.49
Bid/Ask
4.89 / 4.89
Vol (24H)
81.51M
Market Cap
1.92B
Rank
42
Day's Range
2.54-13.76
Type:Currency
Group:Minor
Second:Canadian Dollar

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Buy
Technical Indicators
Strong Buy
Moving Averages
Neutral
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FAQ

What Is the Internet Computer Crypto?

Launched in May 2021, the Internet Computer (ICP) is a blockchain-based cryptocurrency and platform developed by the Dfinity Foundation. is governed by the Network Nervous System (NNS), a decentralised autonomous organisation (DAO) that oversees upgrades, configurations, and policies. With its ambitious vision of reinventing the internet, ICP has attracted considerable attention within the cryptocurrency and blockchain sectors.

It seeks to decentralise the internet by enabling developers to build websites, applications, and other online services directly on its blockchain, removing the need for traditional centralised infrastructure like cloud providers or physical servers (such as Google, Amazon, Microsoft etc). The Internet Computer project aims to build a new open internet while leveraging self-executing codes called smart contracts to allow anyone to exchange digital assets in a trustless manner. It is also hack-proof, meaning that the decentralised internet will not have a single point of failure like the current centralised platforms do.

Where to Buy Internet Computer Coin

You can purchase Internet Computer (ICP) coins on a variety of cryptocurrency exchanges. Popular platforms include Binance, which is one of the largest exchanges globally and offers ICP trading pairs such as ICP/USDT and ICP/BTC. Another widely used platform is Coinbase, known for its user-friendly interface, where you can buy ICP with fiat currencies like USD, EUR, or GBP. Kraken is another trusted option, offering a secure and straightforward experience for trading ICP with both fiat and crypto pairs.

For those interested in alternative exchanges, KuCoin is a good choice. It supports ICP and provides additional features like spot trading and staking opportunities. Similarly, Gate.io often lists a wide range of cryptocurrencies, including ICP, and offers options for spot and futures trading.

To buy ICP, you first need to create an account on your chosen exchange, complete the required identity verification process, and deposit funds, either in fiat currency or cryptocurrency. Once your account is funded, you can search for the ICP trading pair and place a buy order. For added security, it’s recommended to transfer your ICP coins to a secure wallet after purchase, ensuring better protection for your investment. Always use reputable exchanges to minimise risks.

How Is Internet Computer Different From Other Cryptocurrencies?

The Internet Computer (ICP) differs from other cryptocurrencies in its purpose, technology, and vision. While many cryptocurrencies focus primarily on financial transactions, the Internet Computer aims to decentralise the entire internet by enabling developers to build and host applications, websites, and online services directly on its blockchain. This eliminates the need for centralised infrastructure like traditional servers or cloud providers, and makes it fundamentally different from cryptocurrencies that are primarily used for payments, store of value, or niche smart contract functionality..

One of the key technical differences is its use of smart contracts, known as canisters, which allow for the creation of decentralised applications (dApps) that operate entirely on-chain. Unlike Ethereum or similar platforms, the Internet Computer offers higher scalability, faster transaction speeds, and lower costs. It achieves this by using a unique architecture that processes and stores data efficiently across its network.

Another major distinction is its governance model. The Internet Computer is controlled by the Network Nervous System (NNS), a decentralised autonomous organisation (DAO) that manages the blockchain's upgrades, configurations, and policies. This governance mechanism allows the community of ICP token holders to vote on decisions, giving them a significant role in shaping the network's future.

Who Created Internet Computer Crypto?

The Internet Computer (ICP) was created by Dfinity, a blockchain research and development organisation founded in 2016. The project was led by Dominic Williams, a computer scientist and entrepreneur. Williams is the chief scientist and founder of Dfinity, which was established with the goal of building a decentralised "internet computer" to revolutionise the way software and applications are hosted and run.

The project has gained attention for its ambitious vision to create a decentralised internet where users and developers have greater control and privacy.

What Is the Internet Computer Crypto Used For?

The Internet Computer (ICP) is a cryptocurrency that powers the Internet Computer Network, a decentralised platform designed to run software and applications directly on the internet. Unlike traditional cloud computing, which relies on centralised data centres, the Internet Computer aims to decentralise the entire process, allowing developers to build and host applications without relying on services from companies like Amazon or Google.

ICP is primarily used to pay for network transaction fees and as governance tokens within the Internet Computer ecosystem. This use of ICP enables the development of smart contracts, decentralised finance (DeFi) applications, and more, all of which operate in a fully decentralised and scalable manner.
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
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