Internet Computer (ICP): BIGGEST Launch of 2021??

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May 22, 2021

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Essential Videos

How The Internet Computer Works https://youtu.be/zHl-oVPoX88
Threshold Relay Explained https://youtu.be/vVLRRYh3JYo
Chain Key Technology Explained https://youtu.be/vUcDRFC09J0
Network Nervous System Explained https://youtu.be/hWnsluxmRqc
Binance Walkthrough https://www.youtube.com/watch?v=YzJ6xkJpeUk

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- TIMESTAMPS -
0:00 Intro
1:38 What is The Internet Computer?
4:52 How Does it Work?
7:38 The Network Nervous System
9:40 ICP Tokenomics: ICO
11:26 ICP Tokenomics: Use Cases
14:27 ICP Price Analysis
17:25 Internet Computer Roadmap
18:54 Is it A Crypto Project?
21:52 Conclusion

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️ Useful Links ️

► Dfinity Foundation Team: https://dfinity.org/foundation/#team
► The Internet Computer’s Previous Milestones: https://medium.com/dfinity/the-internet-computers-evolution-from-copper-...
► Dfinity Foundation Open Source Policy: https://github.com/dfinity/ic#open-source-policy
► Internet Identity App: https://identity.ic0.app/
► Neural Network System Governance Powers: https://sdk.dfinity.org/docs/developers-guide/concepts/governance.html
► ICP Tokenomics: https://medium.com/dfinity/the-internet-computers-token-economics-an-ove...
► ICP Vesting For Early Buyers: https://medium.com/dfinity/how-to-access-seed-and-airdrop-icp-tokens-and...
► Internet Computer Data Center Explorer: https://www.dfinityexplorer.org/#/datacenters
► Dominic Williams Internet Computer Roadmap Medium Post: https://medium.com/dfinity/announcing-internet-computer-mainnet-and-a-20...
► Endorphin Mobile Phone OS By The Dfinity Foundation: https://medium.com/dfinity/plans-for-endorphin-a-free-and-open-crypto-os...

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What Is The Internet Computer?

When the Internet Computer was founded, it was known as Dfinity, and it sought to take Ethereum’s world computer idea to the next level by becoming, well, the internet computer

The interesting thing about the Internet Computer is that unlike other smart contract cryptocurrencies, the Internet Computer aims to replace the entire internet stack, not just the application layer

How Does The Internet Computer Work?

Users do not need to pay any fees when interacting with canister applications unless it’s something that requires transactions like a decentralized exchange or lending

Another major difference between the Internet Computer and other cryptocurrency blockchains is that you require something called an Internet Identity to interact with applications on the internet computer

The Network Nervous System

The internet computer’s architecture of data centers, nodes, subnets, canisters and users is managed by the Internet Computer’s Network Nervous System or NNS

What’s interesting is that the NNS itself consists of a handful of canisters running on a dedicated subnet

ICP Tokenomics: ICO

ICP has an initial supply just short of 470 million tokens and a decreasing inflation rate that starts at 10% per year. About 25% of these tokens were sold to early retail investors

ICP Tokenomics: Use Cases

The ICP token is used for three things: Governance of the Internet Computer via the NNS, to pay for fees to run applications and websites on the Internet Computer, and to reward network participants

ICP Price Analysis

ICP has slowly been shedding dollars and took a nasty beating when the crypto market experienced that flash crash a few days ago. This will likely continue as there are not many demand drivers for ICP

The Internet Computer Roadmap

In January this year, Internet Computer founder Dominic Williams detailed a 20-year roadmap for the project. By 2040, the Internet Computer hopes to be larger than the regular internet

Achieving this on computers is only half the battle, which is why the Dfinity Foundation recently announced its plans for Endorphin, a new operating system for smartphones currently in development

Is The Internet Computer Really A Crypto Project?

The Internet Computer appears to be quite centralized – the Dfinity Foundation hosts the NNS, provides the ‘standardized hardware’ required to run nodes, and seems to have most of the voting power

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Disclaimer

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Dfinity #ICP #crypto #blockchain #decentralisation

The views or opinions expressed in the broadcasts are solely those of the individuals involved and do not necessarily represent those of INK Research and Canadian Insider.