VentureBeat March 27, 2024
Dean Takahashi

The Internet Computer Protocol is an ambitious blockchain project aimed at creating a world computer, and according to a new report from the shepherding nonprofit Dfinity Foundation, it has raised more than $77 million to date.

The Internet Computer Protocol (ICP) realizes the vision of a World Computer – an open and secure 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.

Competing and coexisting with other blockchains like Bitcoin, Ethereum and Solana, the ICP has evolved into one of the first Bitcoin Layer-2s, with over $67 million in ckBTC (chain-key Bitcoin) transactions and 300-plus developers crafting Bitcoin-enabled decentralized apps (dApps).

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Topics: Blockchain, Investments, Technology, Trends
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