Cryptocurrency Q&A
Is ICP built on Ethereum?
Is ICP built on Ethereum?
CryptoGladiatorGuard
Fri Jun 14 2024
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5 answers
1222
Could you please clarify for me whether ICP is indeed constructed upon the Ethereum blockchain? I've been hearing conflicting information, and I'm trying to get a clear understanding of the technological foundation that ICP relies on. Some sources suggest that ICP has its own unique architecture, while others mention Ethereum as a key component. Could you help me untangle this and provide a definitive answer? It would greatly assist me in my research and understanding of the cryptocurrency landscape. Thank you in advance for your assistance.
5 answers
EnchantedSoul
Sun Jun 16 2024
The journey of innovation began with the commencement of research and development operations. It was a meticulous process, aimed at creating a new ledger technology that would revolutionize the way we interact with digital assets.
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KpopStarletShineBrightness
Sat Jun 15 2024
Four months into the development, the DFN ledger made its initial debut on the Ethereum network. This marked a significant milestone in the project's timeline, as it signified the transition from theoretical concepts to a functional product.
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CryptoEnthusiast
Sat Jun 15 2024
However, the project did not stop there. Recognizing the potential for further growth and impact, the team decided to rebrand the initiative. This move was aimed at capturing the essence of the technology's transformative nature.
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Federico
Sat Jun 15 2024
The project was renamed "Internet Computer," a moniker that better reflected its ambition to become a decentralized, global computing platform. This renaming represented a shift in perspective, from a ledger-focused technology to a more comprehensive, internet-scale solution.
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Tommaso
Sat Jun 15 2024
Along with the rebranding, the underlying protocol was also renamed. It was christened "Internet Computer Protocol," emphasizing its role as the foundation for the new computing paradigm. This change underscored the importance of the protocol in enabling the Internet Computer's vision.
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