The roaring success of the new cryptocurrency called The Internet Computer (ICP) was short-lived. Amid the recent crypto hype, the new digital token entered the top 10 popular cryptocurrencies in terms of their market capitalization. However, it left this list after a short while. The new crypto project was promoted as the biggest launch of 2021. On the first trading day, the ICP market capitalization topped $79 billion while the digital token itself leaped to $700.65. Two weeks later, the market cap shrank to $16 billion. Interestingly, such a steep plunge did not affect ambitious plans of ICP developer Dominic Williams. He intends to carry out a revolution on the Internet and seize the power over the Web from IT giants such as Amazon, Google, and Microsoft, the computer scientist with over 20 years of experience shared his plans with Forbes.
The Internet Computer was developed and is maintained by Dfinity Foundation. Developer Dominic Williams claims that The Internet Computer is the world’s first blockchain that runs at web speed and can increase its capacity without bound. The team is certain that the new cryptocurrency is the third truly groundbreaking innovation alongside Bitcoin and Ethereum. Dfinity aims to introduce the new Web, not just the application layer. The new Internet will be freely available for open source services and software protected against cyberattacks. Dfinity is supported by Andreessen Horowitz and Polychain Capital.
