By Digital Trader • Publish in Crypto 101 • Jul 12,2024 • 5 min read
Get to know the ICP coin, you should get to know the Generation of Blockchain first. Currently, Blockchain is divided into 3 main Generations / Inventions:
1st Invention is Cryptocurrency of various currencies.
2nd Invention is Smart Contract (DeFi) that is widely used.
3rd Invention is Infinite Blockchain (Internet Blockchain)
What is Internet Computer?
Internet Computer Protocol (ICP) is the 3rd Invention Blockchain. There is a big idea in creating the ICP Protocol to replace the entire Internet system that we use today as a "decentralized Internet" which is considered a big idea that many people may look at. that ICP is a coin that sells dreams But on the other hand, it is a development concept that will develop the original Internet system from IP to ICP, which will lead to Public Cyberspace, which can solve the problem of Internet monopoly of Big Tech companies in the United States. Concept of Internet Computer
How does it work?
Internet computers are created from data from data centers all over the world.
The data center has many nodes connected together to form a subnet, which is a kind of work. Proof-of-Stake It is similar to Parachain on Polkadot in that there is a DApp running within that subnet and each sub-nodes in the subnet can create blocks by staking ICP coins. DApps in Internet computers have "Canisters" to divide the processing workload and send it to other data centers around the world to help work together. and put the data back together when processed successfully. This method will allow users to not have to pay any fees and will have faster data processing than using the current internet. In addition, ICP will provide Internet Identity to use DApps in ICP or to confirm transactions by This Internet Identity can also be paired with your phone or stored in a USB Key.
ICP Token
ICP Token does not have a Maximum Supply. Supply is increased by creating blocks and the supply is reduced by burning it. ICP Token can be used as follows:
Used as a Governance Token
Spend Canister Fee to run Application or Website on Internet Computer Network Reward for those who participate in voting and provide Data Center for processing.
Summarize
ICP is a coin with a very important concept. This does not only affect the cryptocurrency market alone, but if ICP becomes more popular and develops further. It may result in a major revolution in the use and development of the Internet system. This makes it necessary to keep a close eye on the development of ICP's various systems.
Content Creator
Digital Trader ผมวิเคราะห์ตามหลักสถิติประยุกต์ หลักการของแท่งเทียน และประสบการณ์ตลอด 8 ปีที่ผ่านมา