The ICP crew issued a tongue-in-cheek apology, bragging about working full-stack apps completely on-chain, although ICP tokens stay 99% under ATH.
abstract
- The ICP crew issued a tongue-in-cheek “apology” touting the protocol’s capacity to run full-stack functions fully on-chain, with out the necessity for conventional cloud providers like AWS.
- In response, some members of the group criticized ICP’s underwhelming worth efficiency, which has fallen from an ATH of $750 to simply $6.
The Web Pc Protocol (ICP) crew issued a personal apology for “proving that you do not really want Amazon Internet Companies to run ‘decentralized apps'” and for “delivery options right this moment that different chains had deliberate for 2030.”
This apology is clearly a joke, however ICP can definitely host full-stack functions completely on-chain. Its “canisters” are sensible contracts that embed each utility logic and knowledge and might serve net content material on to customers, eliminating dependence on conventional cloud providers like these provided by AWS.
Examples of full-stack apps at the moment working on ICP networks embrace:
- OpenChat: A whole on-chain messaging platform that gives real-time chat, file sharing, and governance over DAO, all carried out by ICP Canister.
- ICPSwap: A decentralized change constructed on ICP. Each front-end and back-end logic are hosted on-chain, enabling token swaps, liquidity provision, and governance.
- Caffeine: A no-code platform on ICP that enables customers to create full-stack net functions by pure language prompts, with all infrastructure dealt with on-chain.
ICP worth is 99% decrease than ATH
Some group members pushed again towards ICP’s “apology,” mentioning the erratic efficiency of the ICP token. “I am bullish, however that is horrible for a undertaking that is 99% down” consumer @detta0215 I wrote about it within the article on X.
Equally, the consumer @OzDefi “I want I had hyped it on a regular basis. I am down 96%. I solely have to multiply it by 40x to interrupt even.”
For context, ICP has plummeted from the $750 ATH it reached 5 years in the past to simply $6 right this moment. Nonetheless, it’s value noting that ICP worth has not too long ago seen a powerful enhance of +240%, rising from a peak of $2.80 to $9.50.
