ICP Protocol: 7 Facts of ICP Protocol You Should Know 2024

ICP Protocol or Internet Computer Protocol, is a collection of guidelines that empower various data centers globally to work together, providing an alternative to centralized Internet cloud services. Its strategy involves establishing a network of decentralized data centers. Historically, the Internet has been governed by a centralized system, concentrating power in the hands of a select few. However, the rise of decentralization challenges this conventional setup, envisioning a future where the Internet is collectively owned and managed by a network of individuals and organizations.

Decentralization redistributes power, fostering qualities such as innovation, resilience, and openness. This shift aims to create a more democratic and user-focused internet experience, providing individuals with an increased sense of freedom and independence in the online space.

ICP was developed by  DFINITY Foundation, and introduces a set of protocols designed to facilitate the development of decentralized applications (dApps) on its blockchain.