Popularizing features of Internet Computer (IPC). One of the important details about a cryptocurrency that emerged with a new project and made a big impact is the question of what is the difference between this cryptocurrency and other cryptocurrencies in the market. The rapid popularity of Internet Computer is explained by the following features:
High and Effective Potential: The founder of the cryptocurrency has made big claims about the potential of the cryptocurrency to push or at least nudge the internet giants from their lofty positions. These claims deal with ensuring the cryptocurrency’s speed, ability to scale quickly, and significantly reduce computing costs.
Being Backed by Major Investors: While Andreesen Horowitz is known as a major venture capital entrepreneur, another notable investor (Polychain Capital) specializes in venture capital for crypto. The interest and contribution of major investors to the project increased the popularity of the project.
Promotion: Some market analysts have already set price targets for ICP and predict large price increases in the coming years. Part of the price increase in Internet Computer is also related to the bullish climate for cryptocurrencies in general. It is stated that this is the best period to capture the imagination of individuals with big projects and to make a cryptocurrency project sustainable and to raise big money.
Difference from Other Cryptocurrencies
One of the important details about a cryptocurrency that emerged with a new project and made a big impact is the question of what is the difference between this cryptocurrency and other cryptocurrencies in the market. At this point, three features that make Internet Computer stand out from other projects are stated as follows:
Internet Computer (ICP) allows individuals to create software on the Internet. The technology allows anyone to use their own blockchain technology to create applications and work across major technology companies.
Internet Computer (ICP) runs on a decentralized network, not in the cloud. Unlike many other blockchains that run on the cloud, Internet Computer runs on proprietary hardware installed by parties, according to Dfinity founder Dominic Williams.
Internet Computer (ICP) is fast. While transactions using some cryptocurrencies can take thirty minutes or more to complete, Dfinity boasts that its crypto runs at web speed. However, it may be useful to think of the Internet Computer as something other than a currency in the sense in which the term is commonly used.
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