A premiere in style. In less than a week the cryptocurrency Internet Computer has gone from being a project in development to having a valuation of more than 40,000 million dollars. The new token launched by the Dfinity platform has managed in a matter of days to become among the five largest cryptocurrencies by valuation, ahead of Cardano and Tether, although in recent hours it has moderated its price to $ 330, which gives a valuation of about 42,000 million dollars, after being included in the platforms dand exchange Coinbase and Binance.
The launch of Internet Computer Price (ICP) comes after five years of development by a foundation in Switzerland and aims to become “A completely new platform. It is a public platform, it is an extension of the internet,” said its manager. Dominic Williams.
The project assures that it does not aspire to be “an ethereum killer” -with which it shares part of its philosophy- and explains that it is a blockchain network from which anyone, software developer or content creator, can publish whatever they want on the internet, without having to go through the services of cloud providers, such as Amazon, Google or Microsoft. With that, according to Willians, any user could create social networks without having to use the services of any of the internet giants.
It aims to become a “revolutionary public network that provides a limitless environment for smart contracts that run at the speed of the web, serve the web, scale and reduce computing costs by a million times or more.” And he wants to extend the functionality of the internet to transform it into a “global computing platform.”
The project is supported by the bottom of Silicon Valley Andreessen Horowitz and Polychain Capital. In the last round of financing carried out in September 2020, the project was valued at 10 billion dollars.