Internet Computer

# Internet Computer (ICP)

Internet Computer is a blockchain network operated by the Internet Computer Protocol, designed to host and run smart contracts and decentralized applications directly on-chain without additional layers. The network uses a proof-of-stake consensus mechanism where validator nodes are organized into subnets, each processing transactions independently. ICP's native token incentivizes network participation, governs protocol upgrades via the Network Nervous System (a decentralized DAO), and can be staked to earn rewards. The protocol targets computational workloads typically reserved for traditional cloud infrastructure.

ICP trades with moderate liquidity across major spot and derivatives venues, though concentration remains notable on specialized exchanges. The asset exhibits correlation patterns typical of layer-1 blockchain infrastructure plays but remains sensitive to sentiment around on-chain adoption metrics and governance decisions. Institutional derivatives markets show limited depth compared to tier-1 protocols. Supply dynamics merit attention: staking rewards and vesting schedules from early investors create ongoing unlock pressure, a factor material to medium-term price structure that traders actively monitor.