Definition ∞ ICP Crypto refers to the Internet Computer Protocol and its native utility token, ICP. The Internet Computer is a decentralized cloud computing platform designed to host smart contracts, decentralized applications, and even entire social media services directly on a public blockchain. The ICP token is used for governance, transaction fees, and to reward network participants. It aims to extend the functionality of the internet itself.
Context ∞ News about ICP Crypto often focuses on its ambitious goal of decentralizing the internet and its technical advancements in scalability and computational power. Reports frequently discuss the development of decentralized applications on its network or updates to its governance model. The project represents a significant effort to redefine cloud computing and web services using blockchain technology, attracting attention for its unique architectural approach.
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