Internet Computer (ICP) makes it into the top ten — is the project legitimate?

Internet Computer (ICP) appears out of nowhere and lands in the top ten on CoinMarketCap. Had it not been for the strong pressure to sell, fourth place would have been possible.CoinMarketCap’s ranking has seen a number of projects come and go this bull run. It is not uncommon for an unknown token to make it into the top ten, which of course, raises the legitimate question of whether ICP is a legitimate project.Internet Computer was listed on several major exchanges yesterday, including Binance, Coinbase Pro, Huobi, and OKEx.ICP is a project that has been in progress for five years. Developed by Switzerland-based Dfinity, it has several prominent supporters, including Silicon Valley venture capitalist Andreessen-Horowitz and Polychain Capital.Dfinity has been developing a decentralized blockchain network since 2016, which is intended to expand the functionality of the Internet.For Messari, this is a highly misunderstood project. However, as the speed of developments increases, more and more people are becoming familiar with it.“Dfinity is one of the most enduring and best-funded smart contract platforms for crypto. But it is also one of the least understood. Most of Dfinity’s obscurity is due to its technical complexity and abstract vision. The launch of your token and eventually the open sourcing of your code will generate more interest and understanding of the project.“With ICP, Dfinity wants to create a decentralized, scalable cloud solution in which data can be stored, as well as computing tasks and community governance.The aim is to remove Internet-related concerns in their current form, including poor security and the dominance of large tech oligopolies. The company is not focusing too much on delivering blockchain technology, but the main goal is to build a free and open internet that is controlled by users.With a network of independent data centers, apps can run on the network…