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	-3.03%	2,337,956.37ICP	44,889	2.54USDT	2.57USDT
2	ICP-USD ICP-USD	coinbase	AA	2.46USD	-3.09%	1,369,566.99ICP	12,327	2.54USD	2.57USD
3	ICP-USDT ICP-USDT	okex	A	2.47USDT	-2.95%	738,410.97ICP	10,621	2.54USDT	2.57USDT
4	ICP-USDT ICP_USDT	whitebit	BB	2.47USDT	-2.91%	494,288.59ICP	38,929	2.54USDT	2.57USDT
5	ICP-USDC ICPUSDC	binance	AA	2.46USDC	-3.22%	349,268.44ICP	5,652	2.54USDC	2.57USDC
6	ICP-USD ICPUSD	kraken	AA	2.46USD	-2.95%	334,338.71ICP	2,241	2.54USD	2.57USD
7	ICP-USDT ICPUSDT	bybit	A	2.47USDT	-3.11%	311,300.36ICP	5,634	2.54USDT	2.57USDT
8	ICP-USDT ICP_USDT	gateio	A	2.47USDT	-2.99%	159,549.99ICP	4,409	2.54USDT	2.57USDT
9	ICP-USDC ICP_USDC	whitebit	BB	2.46USDC	-3.07%	138,485.63ICP	3,169	2.54USDC	2.57USDC
10	ICP-USDT ICP-USDT	kucoin	BB	2.46USDT	-2.99%	142,998.10ICP	4,200	2.54USDT	2.57USDT
11	ICP-USDT ICPUSDT_SPBL	bitget	BB	2.46USDT	-3.26%	135,909.83ICP	3,604	2.55USDT	2.57USDT
12	ICP-TRY ICPTRY	binance	AA	119.80TRY	-2.92%	67,631.18ICP	959	123.40TRY	126.20TRY
13	ICP-EUR ICPEUR	kraken	AA	2.14EUR	-2.32%	64,052.95ICP	812	2.19EUR	2.22EUR
14	ICP-EUR ICP_EUR	whitebit	BB	2.13EUR	-3.31%	56,929.38ICP	1,616	2.21EUR	2.23EUR
15	ICP-BTC ICP_BTC	whitebit	BB	0.0₄3260BTC	-2.80%	42,212.01ICP	1,212	0.0₄3354BTC	0.0₄3364BTC
16	ICP-USDC ICP-USDC	okex	A	2.46USDC	-3.15%	41,104.80ICP	1,223	2.54USDC	2.56USDC
17	ICP-USD ICP_USD	cryptodotcom	AA	2.46USD	-3.26%	32,368.84ICP	3,514	2.55USD	2.57USD
18	ICP-USDC ICPUSDC_SPBL	bitget	BB	2.46USDC	-3.19%	27,405.13ICP	3,340	2.54USDC	2.57USDC
19	ICP-USDC ICP_USDC	gateio	A	2.47USDC	-2.68%	25,449.33ICP	405	2.54USDC	2.55USDC
20	ICP-BTC ICPBTC	binance	AA	0.0₄3260BTC	-2.10%	19,139.82ICP	638	0.0₄3330BTC	0.0₄3340BTC
21	ICP-EUR ICP-EUR	coinbase	AA	2.13EUR	-2.60%	17,603.43ICP	646	2.19EUR	2.22EUR
22	ICP-EUR ICPEUR	binance	AA	2.14EUR	-3.04%	12,289.32ICP	269	2.21EUR	2.22EUR
23	ICP-EUR ICP-EUR	okex	A	2.14EUR	-2.91%	8,663.47ICP	356	2.20EUR	2.22EUR
24	ICP-USDC ICPUSDC	bybit	A	2.47USDC	-2.71%	6,882.55ICP	154	2.54USDC	2.55USDC
25	ICP-TRY ICP-TRY	okex	A	121.91TRY	-3.82%	5,776.36ICP	85	126.75TRY	126.75TRY
26	ICP-USD icpusd	bitstamp	AA	2.48USD	-2.48%	5,586.72ICP	48	2.54USD	2.54USD
27	ICP-BTC ICP-BTC	coinbase	AA	0.0₄3281BTC	-1.83%	2,768.67ICP	29	0.0₄3342BTC	0.0₄3342BTC
28	ICP-ETH ICP_ETH	gateio	A	0.001041ETH	-0.38%	2,209.81ICP	120	0.001045ETH	0.001057ETH
29	ICP-USD ICP-USD	okex	A	2.48USD	-1.90%	1,883.48ICP	52	2.53USD	2.53USD
30	ICP-USDT ICP_USDT	cryptodotcom	AA	2.46USDT	-2.42%	2,073.29ICP	96	2.53USDT	2.53USDT
31	ICP-BTC ICP-BTC	kucoin	BB	0.0₄3261BTC	-1.90%	587.18ICP	165	0.0₄3324BTC	0.0₄3353BTC
32	ICP-USDT ICPUSDT	cexio	BB	2.50USDT	-4.06%	502.42ICP	3	2.61USDT	2.61USDT
33	ICP-USDT ICP-USDT	coinbase	AA	3.02USDT	0.00%	0ICP	0	3.02USDT	3.02USDT
34	ICP-GBP ICP-GBP	coinbase	AA	2.21GBP	0.00%	0ICP	0	2.21GBP	2.21GBP
35	ICP-USDC ICPUSDC	cexio	BB	2.47USDC	-7.77%	249.29ICP	3	2.68USDC	2.68USDC
36	ICP-EUR icpeur	bitstamp	AA	2.17EUR	-4.15%	116.96ICP	3	2.27EUR	2.27EUR
37	ICP-USD ICPUSD	cexio	BB	2.49USD	-7.07%	8.81ICP	3	2.68USD	2.68USD
38	ICP-EUR ICPEUR	cexio	BB	2.14EUR	-9.83%	7.52ICP	1	2.37EUR	2.37EUR
39	ICP-USDT icp_usdt	lbank	C	2.46USDT	-3.11%	1,008,849.84ICP	85,425	2.54USDT	2.57USDT
40	ICP-USDT ICP_USDT	poloniex	C	2.46USDT	-3.19%	987,149.32ICP	46,646	2.54USDT	2.57USDT
41	ICP-USDT ICPUSDT	toobit	C	2.46USDT	-3.11%	844,407.72ICP	12,498	2.54USDT	2.57USDT
42	ICP-XRP ICPXRP	bitrue	D	1.95XRP	6.56%	479,166.55ICP	47,793	1.83XRP	1.99XRP
43	ICP-USDT icp_usdt	xtpub	-	2.47USDT	-3.03%	442,670.47ICP	13,430	2.54USDT	2.57USDT
44	ICP-USDT sICPUSDT	phemex	C	2.47USDT	-2.83%	432,640.32ICP	6,340	2.54USDT	2.57USDT
45	ICP-USDT ICP_USDT	coinw	-	2.47USDT	-2.98%	418,589.47ICP	3,346	2.54USDT	2.56USDT
46	ICP-USDT ICPUSDT	bitrue	D	2.47USDT	-3.03%	403,882.61ICP	44,729	2.54USDT	2.57USDT
47	ICP-SOL ICPSOL	bitrue	D	0.02543SOL	-1.17%	324,584.50ICP	11,602	0.02573SOL	0.02618SOL
48	ICP-USDT ICPUSDT	mexc	C	2.47USDT	-3.11%	216,960.45ICP	5,363	2.54USDT	2.57USDT
49	ICP-ADA ICPADA	bitrue	D	12.84ADA	0.94%	207,879.04ICP	16,126	12.72ADA	13.08ADA
50	ICP-EUR ICP-EUR	bitvavo	B	2.13EUR	-3.30%	136,191.69ICP	1,013	2.21EUR	2.22EUR