Cryptocurrencies

Internet Computer (ICP) 101: Explore Blockchain At Web Speed

Zatrun

Zatrun

— 2 min read
Internet Computer (ICP) 101: Explore Blockchain At Web Speed

The decreasing sharpness of the ICP Coin’s downward trend continues to attract investors’ attention. We will delve into the Internet Computer project, which has become the third largest blockchain, and all the topics that interest Zatrun.com readers in detail under the title “Internet Computer (ICP) 101: Explore Blockchain At Web Speed”

What is Internet Computer (ICP)?

The Internet Computer project is the world’s first blockchain network that offers unlimited capacity and operates at web speed. Representing the third largest blockchain structure just after Bitcoin and Ethereum, the governance token of the Internet Computer network is the ICP Coin, which is a crypto currency that is mined and used as the native symbol of the network.

The fundamental mission of the Internet Computer project is to enhance the public internet infrastructure and become the world’s computing platform. Developers have successfully transformed their project into the third largest blockchain structure, which connects everyone and everything as a network. It has the ability to scale smart contract accounts and data, run all transactions at web speed, and efficiently store them.

Internet Computer (ICP) 101: Explore Blockchain At Web Speed

What Makes the Project Unique?

The Internet Computer project has achieved uniqueness by targeting the public internet network directly. Displeased with the existing system of running services using private infrastructures, the developer adopted a decentralized structure using blockchain technology. With the following unique features added to the project, it has been successful in achieving its intended success:

  • The Chain Key Technology, which is a series of encryption algorithms that regulate the nodes constituting the protocol, is the source of the advanced technology of the protocol.
  • It allows individuals to create software from the internet through the ICP Token.
  • The protocol operates in a decentralized network rather than in the cloud.
  • It operates at web speed, making it faster than many competitors.
Internet Computer (ICP) 101: Explore Blockchain At Web Speed

How to Buy ICP Coin?

ICP Coin is currently traded on exchanges such as Binance, KuCoin, Huobi Global, Coinbase Exchange, Kraken, Gate.io, Bybit, Coinlist Pro, Bitfinex, OKX. To buy ICP Coin, you can choose any exchange that lists it. Follow these easy steps to buy ICP Coin:

First, access the web or mobile application of an exchange that lists ICP Coin. Then, complete the account creation process. Follow the identity verification and approval process to complete the deposit process. Finally, create a buy order for the desired balance amount of ICP Coin and keep it in your secure account.

Internet Computer (ICP) 101: Explore Blockchain At Web Speed

When buying ICP Coin, it’s important to pay attention to a few points for security and user experience. When choosing an exchange, it can be useful to choose reliable and reputable exchanges and evaluate factors such as ease of use, trading volume, and transaction fees of the exchange.

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