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Canister smart contracts on Internet Computer (ICP) surpasses 16,500

Hassan Maishera - Cryptowisser
2022-01-05 13:57
The canister smart contracts running on the Internet Computer blockchain have surpassed 16,500. Canister smart contracts are computational units powered by cycles.
According to the development team, the increase in the smart contracts indicates a growing developer activity on the network. The Internet Computer is a layer-1 protocol that is developed by the DFINITY Foundation and aims to become ‘a blockchain network that evolves the internet’. This ‘internet computer’ intends to ‘extend the functionality of the public internet so that it can host backend software’ on a smart-contract compatible, distributed network.
ICP, the native coin of the Internet Computer network, is trading above $37 at press time, up by 15% in the last 24 hours.
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