Terabethia, a new cross-blockchain bridge connecting the Ethereum network with Dfinity’s Internet Computer, will allow ERC-20 tokens to exist natively on Dfinity’s network. This comes as tokens of Internet Computer (ICP) fell 97% since their issuance in May.
Blockchain company Dfinity’s Internet Computer Protocol (ICP) is integrating with bitcoin to enable smart contracts on BTC. Following a community vote to upgrade the network, it will allow developers to let their creativity run wild in developing all manner of Web 3.0 services, already seen on Ethereum from DeFi to NFTs.
Two months after its launch, the Dfinity Foundation’s internet computer (ICP) token has crashed 95% from a high of around $630 to roughly $35. “The Hash” team explores the potential factors driving the price drop and the outlook for the token.
Dfinity’s Internet Computer system launched earlier this month after five years of development. Dfinity’s founder and chief scientist Dominic Williams joins “First Mover” to discuss Dfinity’s ambitions for the Internet Computer and whether it can convert the masses to the new platform.