Question 1

What is Internet Computer (ICP)?

Accepted Answer

Internet Computer is a decentralised blockchain network designed to host software, data, and web applications directly on-chain. It eliminates the need for traditional IT infrastructure or cloud providers by enabling applications to run in a fully decentralised manner. The platform uses chain-key cryptography to enhance scalability and security and is governed by the Network Nervous System (NNS), a decentralised autonomous organisation (DAO).

Internet Computer supports use cases such as Web3 applications, decentralised social platforms, DeFi services, AI-driven systems, and enterprise-grade software. Its architecture allows full-stack decentralisation, with both frontend and backend operations handled on-chain.

Question 2

What is Internet Computer (ICP) used for?

Accepted Answer

The ICP token is the native cryptocurrency of the Internet Computer and has several utility functions:

* **Governance:** ICP holders can participate in the Network Nervous System (NNS), a decentralised governance system that allows users to propose and vote on upgrades, protocol changes, and network configurations.
* **Conversion to Cycles:** ICP is converted into "cycles," which are used to pay for running applications, storing data, and computing operations on the network. This reverse-gas model pre-pays for operational costs in a predictable way.
* **Node Provider Rewards:** ICP tokens are distributed to operators of the nodes that maintain the network’s infrastructure, incentivising their contribution to the ecosystem.
* **Ecosystem Transactions:** ICP is used to interact with dApps and smart contracts hosted on the Internet Computer.

Question 3

AI and Decentralised Applications on Internet Computer

Accepted Answer

The Internet Computer provides infrastructure for building decentralised AI applications, enabling secure and tamperproof hosting of AI models and workflows. Its design integrates AI into the blockchain ecosystem by offering:

* **Decentralised AI Hosting:** Developers can deploy AI systems directly onto the blockchain, where they remain tamper-resistant and autonomous.
* **Full-stack Solutions:** The protocol allows for hosting frontend, backend, and data on the same blockchain. This makes it suitable for AI-powered applications like automated decision-making tools or decentralised social media.
* **Autonomous AI Governance:** AI applications can be managed and updated by DAOs, ensuring they operate transparently and with user consensus.
* **Interoperability:** The Internet Computer enables AI solutions to interact with data and systems from multiple blockchain networks, supporting cross-chain integration.

These capabilities make the Internet Computer suitable for various AI-driven use cases, such as decentralised decision-making tools, tokenised AI agents, and multi-chain applications.

Question 4

Who created Internet Computer (ICP)?

Accepted Answer

Internet Computer was created by the DFINITY Foundation, a Swiss-based non-profit organisation. The foundation was founded in 2016 by Dominic Williams, who played a leading role in developing the architecture of the Internet Computer Protocol.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	ICP-USDT ICPUSDT	binance	AA	2.47USDT	-9.87%	3,013,770.91ICP	59,560	2.74USDT	2.74USDT
2	ICP-USD ICP-USD	coinbase	AA	2.46USD	-10.00%	1,761,484.13ICP	14,976	2.74USD	2.74USD
3	ICP-USDT ICP-USDT	okex	A	2.47USDT	-9.87%	914,322.38ICP	11,533	2.74USDT	2.74USDT
4	ICP-USDT ICP_USDT	whitebit	BB	2.46USDT	-10.01%	495,340.67ICP	39,088	2.74USDT	2.74USDT
5	ICP-USDC ICPUSDC	binance	AA	2.46USDC	-9.98%	470,467.21ICP	6,459	2.74USDC	2.74USDC
6	ICP-USD ICPUSD	kraken	AA	2.46USD	-9.94%	456,332.71ICP	2,793	2.74USD	2.74USD
7	ICP-USDT ICPUSDT	bybit	A	2.47USDT	-9.83%	423,697.41ICP	7,004	2.74USDT	2.74USDT
8	ICP-USDT ICP_USDT	gateio	A	2.47USDT	-9.83%	240,738.65ICP	6,214	2.74USDT	2.74USDT
9	ICP-USDT ICP-USDT	kucoin	BB	2.47USDT	-9.87%	239,752.08ICP	6,400	2.74USDT	2.74USDT
10	ICP-USDT ICPUSDT_SPBL	bitget	BB	2.47USDT	-9.61%	193,075.28ICP	4,946	2.74USDT	2.74USDT
11	ICP-USDC ICP_USDC	whitebit	BB	2.46USDC	-10.26%	125,659.10ICP	2,700	2.74USDC	2.74USDC
12	ICP-EUR ICPEUR	kraken	AA	2.14EUR	-9.67%	107,694.16ICP	1,129	2.37EUR	2.37EUR
13	ICP-TRY ICPTRY	binance	AA	120.20TRY	-9.21%	99,114.83ICP	1,136	132.40TRY	132.40TRY
14	ICP-EUR ICP_EUR	whitebit	BB	2.14EUR	-9.71%	74,381.00ICP	1,534	2.37EUR	2.38EUR
15	ICP-USDC ICP-USDC	okex	A	2.46USDC	-9.95%	55,431.68ICP	1,478	2.73USDC	2.73USDC
16	ICP-EUR ICP-EUR	coinbase	AA	2.13EUR	-9.73%	43,072.92ICP	710	2.36EUR	2.37EUR
17	ICP-BTC ICP_BTC	whitebit	BB	0.0₄3244BTC	-7.55%	41,375.85ICP	1,215	0.0₄3509BTC	0.0₄3509BTC
18	ICP-EUR ICPEUR	binance	AA	2.15EUR	-9.18%	38,607.85ICP	559	2.36EUR	2.36EUR
19	ICP-USDC ICP_USDC	gateio	A	2.47USDC	-9.70%	29,755.44ICP	390	2.73USDC	2.73USDC
20	ICP-USD ICP_USD	cryptodotcom	AA	2.46USD	-10.03%	29,838.78ICP	3,349	2.74USD	2.74USD
21	ICP-BTC ICPBTC	binance	AA	0.0₄3249BTC	-7.14%	27,504.03ICP	801	0.0₄3499BTC	0.0₄3499BTC
22	ICP-USDC ICPUSDC_SPBL	bitget	BB	2.47USDC	-9.87%	24,026.52ICP	3,326	2.74USDC	2.74USDC
23	ICP-USDC ICPUSDC	bybit	A	2.48USDC	-9.61%	12,933.87ICP	214	2.74USDC	2.74USDC
24	ICP-EUR ICP-EUR	okex	A	2.14EUR	-9.63%	11,877.98ICP	472	2.37EUR	2.37EUR
25	ICP-USD icpusd	bitstamp	AA	2.48USD	-8.84%	9,204.27ICP	62	2.73USD	2.73USD
26	ICP-TRY ICP-TRY	okex	A	120.89TRY	-9.91%	6,722.79ICP	107	134.19TRY	134.19TRY
27	ICP-USD ICP-USD	okex	A	2.49USD	-9.72%	5,118.96ICP	129	2.76USD	2.76USD
28	ICP-BTC ICP-BTC	kucoin	BB	0.0₄3261BTC	-6.96%	4,298.98ICP	237	0.0₄3505BTC	0.0₄3505BTC
29	ICP-BTC ICP-BTC	coinbase	AA	0.0₄3245BTC	-7.44%	4,273.76ICP	64	0.0₄3507BTC	0.0₄3507BTC
30	ICP-ETH ICP_ETH	gateio	A	0.001021ETH	-5.57%	3,604.17ICP	204	0.001081ETH	0.001085ETH
31	ICP-USDT ICP_USDT	cryptodotcom	AA	2.48USDT	-9.18%	2,456.35ICP	79	2.73USDT	2.73USDT
32	ICP-USDT ICP-USDT	coinbase	AA	3.02USDT	0.00%	0ICP	0	3.02USDT	3.02USDT
33	ICP-GBP ICP-GBP	coinbase	AA	2.21GBP	0.00%	0ICP	0	2.21GBP	2.21GBP
34	ICP-USDC ICPUSDC	cexio	BB	2.47USDC	-9.19%	269.47ICP	4	2.72USDC	2.72USDC
35	ICP-EUR icpeur	bitstamp	AA	2.17EUR	-9.98%	225.89ICP	2	2.41EUR	2.41EUR
36	ICP-USD ICPUSD	cexio	BB	2.49USD	-8.41%	29.00ICP	5	2.72USD	2.72USD
37	ICP-USDT ICPUSDT	cexio	BB	2.47USDT	-10.09%	16.54ICP	2	2.74USDT	2.74USDT
38	ICP-EUR ICPEUR	cexio	BB	2.14EUR	-9.83%	7.52ICP	1	2.37EUR	2.37EUR
39	ICP-USDT ICPUSDT	toobit	C	2.46USDT	-9.91%	1,078,252.91ICP	14,144	2.74USDT	2.74USDT
40	ICP-USDT icp_usdt	lbank	C	2.47USDT	-9.87%	1,044,266.53ICP	85,986	2.74USDT	2.74USDT
41	ICP-USDT ICP_USDT	poloniex	C	2.46USDT	-9.88%	949,429.94ICP	46,135	2.73USDT	2.74USDT
42	ICP-XRP ICPXRP	bitrue	D	1.91XRP	-0.52%	551,544.05ICP	49,310	1.92XRP	1.96XRP
43	ICP-USDT icp_usdt	xtpub	-	2.46USDT	-9.94%	497,298.73ICP	16,302	2.74USDT	2.74USDT
44	ICP-USDT ICP_USDT	coinw	-	2.47USDT	-9.79%	495,423.00ICP	4,046	2.73USDT	2.74USDT
45	ICP-USDT sICPUSDT	phemex	C	2.47USDT	-9.66%	481,554.07ICP	6,416	2.73USDT	2.74USDT
46	ICP-USDT ICPUSDT	bitrue	D	2.46USDT	-9.91%	475,105.44ICP	46,497	2.74USDT	2.74USDT
47	ICP-SOL ICPSOL	bitrue	D	0.02531SOL	-5.67%	396,596.70ICP	14,284	0.02683SOL	0.02687SOL
48	ICP-EUR ICP-EUR	bitvavo	B	2.14EUR	-9.47%	250,927.89ICP	1,615	2.36EUR	2.37EUR
49	ICP-ADA ICPADA	bitrue	D	12.67ADA	-3.72%	240,979.34ICP	16,976	13.16ADA	13.23ADA
50	ICP-USDT ICPUSDT	mexc	C	2.47USDT	-9.87%	215,242.94ICP	5,760	2.74USDT	2.74USDT