Internet Computer

Halal Rating :
Questionable
Last Price $13.33 Last updated:
Rank 20
1D Change 3.35 %
Market Cap $6.19b
Circulating supply 464,067,563
Maximum supply None

Crypto Overview

Categories
  • Platform
  • Distributed Computing
  • Collectibles & NFTs
  • DeFi
  • Interoperability
  • Smart Contracts
  • DAO
  • Wallet
  • Storage
  • Polychain Capital Portfolio
  • Lending & Borrowing
  • Metaverse
  • Electric Capital Portfolio
  • Fenbushi Capital Portfolio
  • Hashkey Capital Portfolio
  • a16z Portfolio
  • Multicoin Capital Portfolio
  • Exnetwork Capital Portfolio
  • Web3
  • Internet Computer Ecosystem
  • SEC Security Token

Internet Computer (IC) is the world’s first blockchain that is capable of running at web speed at unrestrictive capacities. Built by the DFINITY Foundation, IC aims to recreate the web by supporting smart contract development at scale and changing the way people can interact using web services. Internet Computer aims to extend the public internet, so that it can be the world’s computing platform, in a decentralized manner. Internet Computer sets to revolutionalize the design of the crypto economy, with an aim to overhaul traditional software services. The project was founded in October 2016 by Dominic WIllams and have raised a total of $121 million from investors such as Adreessen Horowitz, Polychain Capital, Multicoin Capital and such. On May 10, 2021, DFINITY launched the Internet Computer into the public domain, marking it a major milestone for ICP as it means the internet now functions as a decentralised global computer. This is marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token that allows tens of thousands of community members to govern the Internet Computer network. ICP is Internet Computer's native token. It plays three prominent roles: 1. Network Governance: Users that participate in the governance will be rewarded with ICPI 2. Production of Cycles for Compute: ICP can be converted into cycles where it is used as the transaction fee to access the network. Cycles are burned after used. 3. Rewarding Users: ICP is used as the rewards to incentivize users to participate in the network such as securing the network.

Crypto Impact

To assign a comfort level investing in Internet Computer from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Internet Computer.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating