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How ICP is revolutionizing the internet with blockchain

Updated: Mar 18

The internet is one of the most powerful inventions of humanity, enabling unprecedented levels of communication, information, and innovation. However, the current internet is also plagued by many problems, such as centralization, censorship, privacy breaches, security vulnerabilities, and inefficiencies.


What is ICP?

ICP is a blockchain-based network that can host programs and data in the form of smart contracts, perform computations on smart contracts in a secure and trustworthy way, and scale infinitely. Smart contracts on ICP are called canister smart contracts, or canisters, each consisting of a bundle of WebAssembly (Wasm) bytecode and smart contract data storage. Each canister has its own, isolated, data storage that is only changed when the canister executes code.

Canisters are hosted on subnets, the top-level architectural building block of ICP. A subnet is an independent blockchain, running on node machines, or nodes, deployed in globally-distributed data centers. A single subnet can securely host tens of thousands of canister smart contracts, totalling in hundreds of gigabytes of memory – there are currently dozens of subnets, growing to thousands in the future.

For each canister hosted on a subnet, its code and data is stored on every node in the subnet, and its code is executed by every node in the subnet. This replication of storage and computation is essential to achieve fault tolerance, so that canister smart contracts will continue to execute even if some nodes in the subnet are faulty (either because they crash, or even worse, are hacked by a malicious party). This replication is powered by the core ICP, which implements a high-throughput, low-latency consensus mechanism and an efficient virtual machine for WebAssembly execution, backed by a blockchain.

The IC’s multi-subnet architecture is much more powerful than the well-known sharding approach because it enables smart contracts on different subnets to communicate with each other seamlessly – much like services in a traditional microservices architecture, but fully on chain. Canisters communicate via asynchronous messages, i.e., they don’t block on sending a message, but process the response when it eventually arrives. This novel approach to inter-canister calls allows for scaling out ICP by simply adding more subnets.


What are the benefits of ICP?

ICP offers many benefits for developers, users, and society at large, such as:

What are the use cases of ICP?

ICP can enable a wide range of use cases that are currently impossible or impractical on the traditional internet, such as:

Witness the internet transformation as ICP (Internet Computer Protocol) revolutionizes the digital landscape with blockchain technology. Explore how ICP is reshaping the internet, providing unparalleled decentralization, security, and efficiency. Uncover the innovative applications of smart contracts, tokenization, and a decentralized web, as ICP paves the way for a new era of trust, transparency, and limitless possibilities in the online world.

How to get started with ICP?

If you are interested in learning more about ICP, or want to start building and deploying your own canister smart contracts on ICP, here are some resources that can help you:

  • Internet Computer website: The official website of ICP, where you can find more information about the vision, features, benefits, and use cases of ICP, as well as the latest news and events related to ICP.

  • Internet Computer documentation: The official documentation of ICP, where you can find more details about the architecture, technology, and governance of ICP, as well as tutorials, guides, and references for developing and deploying canister smart contracts on ICP.

  • Internet Computer token (ICP): The official page of ICP on Coinbase, where you can buy, sell, and store ICP, as well as learn more about the utility and value of ICP.

ICP is a revolutionary project that aims to transform the internet with blockchain, and create a more open, secure, scalable, and democratic internet for everyone. If you are passionate about the future of the internet, and want to be part of this exciting journey, join the ICP community today and start exploring the possibilities of ICP.

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