ICP
by BSCN
February 5, 2023
The Internet Computer blockchain system stands out among other blockchain networks and here we learn some basic facts.
The Internet Computer is growing as 2023 takes shape. The ecosystem has grown nearly 50% so far in 2023 and in doing so is attracting attention from myriad users in the industry.
The Internet Computer has considerable upside and still feels largely unknown and misunderstood. Below, we quickly explore five facts about the Internet Computer (ICP) Blockchain. Let’s go!
1. Decentralized Infrastructure
2. High Performance
3. Innovative Architecture
4. Open-Source
5. New Development Platform
Internet Computer (ICP) is a set of protocols that allow independent data centers around the world to band together and offer a decentralized alternative to the current centralized internet cloud providers. The Internet Computer is a World Computer blockchain that can host and run mass-market social networks, online games, video streaming services, or enterprise systems entirely on the blockchain itself — eliminating the need for centralized IT and cloud services. The native ICP token is used for governance (holders can vote on the future of the network), to reward network participants for good behavior, and is used to pay fees for making transactions.
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