Internet Computer (ICP) is a Decentralised Networks crypto coin. Internet Computer`s origin block was generated on 2021-05-10. More information can be found at https://internetcomputer.org/.
Key Technical Advantages:
Internet Computer (IC): IC is a new blockchain platform designed for executing smart contracts, aiming to unleash the full potential of smart contracts by overcoming limitations like high transaction and storage costs, slow computational speed, and the inability to serve frontends to users. It supports end-to-end decentralized applications and provides a complete technology stack.
Canisters: In the IC, smart contracts are called canisters. They can store data, perform general computations, and serve web pages directly to end-users. Canisters enable the IC to function as a complete technology stack for building and running systems and services without relying on traditional cloud hosting or private servers.
Reverse-Gas Model: To cover computational and storage costs, the IC employs a reverse-gas model, where canister developers pre-pay costs in cycles. These cycles are obtained from the native token of the IC, called ICP.
ICP Tokens and Governance: ICP tokens serve multiple purposes within the IC ecosystem, including covering computational and storage costs and being used for governance. The IC is governed by a decentralized autonomous organization (DAO), which manages network topology changes and protocol upgrades.
Web3 Vision: The IC aims to realize the vision of Web3, where applications are fully controlled by users and run on decentralized blockchain platforms. It supports interoperability, shared functions, permanent APIs, ownerless applications, and simplifies the technology stack, ultimately promoting innovation, collaboration, and operational efficiency.
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