Internet Computer Protocol is a decentralized blockchain network that aims to make blockchain technology accessible to the general public. It seeks to expand the capabilities of smart contracts and turn the public internet into a global cloud computing platform.
One of the key goals of Internet Computer Protocol is to address the common criticism that blockchain technology needs to be faster and more convenient for widespread adoption. It achieves this by making blockchain functionality available at web speed, ensuring transaction finality in less than one second and offering micro gas fees. Additionally, it aims to provide a seamless developer environment for deploying smart contract code directly onto the public internet, simplifying the experience for both application developers and users.
ICP is the native token of the Internet Computer Protocol ecosystem, and it is used for voting on governance issues that shape the project's direction. Additionally, ICP can be staked to earn ongoing crypto rewards.