Internet Computer Protocol Issues Humorous Apology for Proving Dapps Don't Need AWS

The Internet Computer Protocol (ICP) team has humorously apologized for demonstrating that decentralized applications (Dapps) can operate without relying on Amazon Web Services (AWS). Despite this bold claim, the ICP token still finds itself down 99% from its all-time high (ATH).

Key Takeaways

The ICP team humorously apologizes for demonstrating that Dapps do not require traditional cloud services like AWS.
ICP is capable of hosting full-stack applications on-chain using "canisters," which combine both application logic and data.
The ICP token has dropped 99% from its ATH of $750, currently trading at around $6.
Despite this decline, ICP recently experienced a significant price rally of 240%.

internet computer

The ICP team recently shared a lighthearted apology, highlighting their ability to run full-stack applications entirely on-chain. While they celebrate this technological achievement, they also face criticism as the ICP token struggles in the market. This article dives into the details of their unique technology and the community's mixed reactions.

The Humorous Apology from ICP

The Internet Computer team recently published an unofficial apology, joking about their capability to run decentralized applications without needing AWS. They stated, "we're sorry," and added that they are delivering advanced features today that other blockchain projects won't see until 2030.

Internet Computer

On-Chain Technology

The ICP's "canisters" act as smart contracts that integrate both the application's logic and its data. This design allows them to serve web content directly to users, eliminating the dependence on traditional cloud platforms like AWS. Some examples of full-stack applications currently functioning on the ICP network showcase this innovative setup.

Market Performance of ICP Token

While the playful apology was meant to highlight their technological prowess, community members expressed concerns about the ICP token's performance. User @detta0215 remarked, “I’m bullish, but that’s A LOT of shit talk for a project down 99%,” responding to the humorous tone of the post.

Another user, @OzDefi, added, “kinda wish you would have hyped the whole time, I’m down 96%. I only have to get 40X to break even.”

For context, the market performance of ICP has been volatile, dropping significantly from its ATH of $750 five years ago down to roughly $6 today. Still, it's worth noting that the ICP token recently enjoyed a remarkable surge of 240%, rising from $2.80 to a peak of $9.50.

In conclusion, while the ICP team boasts ground-breaking technology, the challenges facing the ICP token in the market cannot be ignored.