New cryptocurrency in the coin market
Internet Computer is a digital token that runs on its own proprietary protocol called Internet Computer Protocol, which is supposed to let anyone build software or publish content on the Internet without using services from big companies like Amazon, Google, or Facebook. The protocol, according to Dfinity founder Dominic Williams, provides a “hackproof platform,” reduces costs “dramatically,” and is interoperable. He also says that the protocol is intended to make the Internet “fun again,” by allowing people to build a “new open Internet” and give users a “better deal.”
Read more: fortune.com
This coin is officially launched on the crypto currency market, just from Monday 2021 May, 10.
How is the Internet Computer created?
The Internet Computer is formed by an advanced decentralized protocol called ICP (Internet Computer Protocol) that independent data centers around the world run to combine the power of individual computers into an unstoppable seamless universe where internet native software is hosted and run with the same security guarantees as smart contracts. It is integrated with Internet standards such as DNS, and can server user experiences directly to Web browsers and smartphones.
Read more: dfinity.org
This project has been developed by William and his team from United Kingdom, United States, Germany, Japan. Their goal is to reinvent the Internet “as a computer that hosts secure software with superpowers,” or basically create a more open Internet that lets more people build on it and reverse “Big Tech’s monopolization.”
The internet computer vs other Cryptocurrencies
For example, one could build decentralized applications like DeFi (aka decentralized finance) apps. DeFi apps recreate traditional financial systems with cryptocurrency. In addition, developers can build websites and other internet services, like social media or messenger applications, using the Internet Computer blockchain.
But, unlike Ethereum, Dfinity says the Internet Computer blockchain runs much faster and is less costly — likening its speed and capabilities to the internet — because of the way it is set up.
“The Internet Computer works in a very different way than any other blockchain,” Dominic Williams, founder and chief scientist at the Dfinity Foundation, recently told Bloomberg. “Today, a lot of blockchains run largely on the cloud. The Internet Computer runs entirely on dedicated hardware that are installed by independent parties around the world.”
Read more: cnbc.com
This cryptocurrency differs significantly from other in speed and efficiency. Its massive traffic ensures it can reach the absolute final transaction. in 5-10 seconds, with practically unlimited scalability.
Market value like crazy for New crypto currency
Internet Computer, a cryptocurrency launched Monday by blockchain non-profit Dfinity, is already the eight-largest digital asset with a market capitalization of $45 billion, data from CoinMarketCap showed on Wednesday.
The project, developed by founder Dominic Williams, is a result of five years of research. The token’s promoters claim it can provide the core basis of a new, decentralized internet.
The first day of trading saw its price swing wildly as it hit an intraday high of $700 before declining to around $250. It is currently trading around the $340-range.Read more: yahoo.com
But this one is not the only coin to have made an impact. These are also other altcoins cryptocurrency like Ethereum, Lite Coin.. and recently Dogecoin buzzing poeple like crazy.
How to buy this coin?
There are various options to buy ICP if you intend to add it to your wallet. Some of the most well-known exchanges for ICP are Huobi Global, OKEx, Binance, and Coinbase Pro.
Read more: marketrealist.com
You can buy ICB token by stablecoin, other cryptocurrency you already have on “Brokers” or USD on Coinbase.
I hope this post bring you some value information. What do you think about this coin? Let me know by leaving your comment right now.