Cryptopedia - Internet Computer

The Internet Computer is a decentralized cloud blockchain that hosts full-stack applications, websites, and enterprise systems fully onchain, where they benefit from the extraordinary security and resilience offered by blockchain technology. A core goal of the Internet Computer is to evolve into a “self-writing cloud”, where AI builds sophisticated applications based on natural language prompts. Caffeine AI is the Internet Computer’s native tool for enabling application development via conversation with AI. Smart contracts on ICP (canisters) can write transactions to other chains without any centralized intermediaries, enabling decentralized Bitcoin DeFi and multi-chain DeFi. ICP Ninja is the native browser IDE for launching canisters on ICP. The ICP token is burned to power computation on the network as well as being used for staking and governance.