What is internet computer coin.
Internet computer is a cryptocurrency developed by the Difinity foundation, a non profit based in Zurich switzerland. It currently has a market ap of $14 billion, making it the 11th largest cryptocurrency (by market cap) and is a strong competetor to Ethereunand Bitcoin.
Internet computer claims it was launched to become a decentralized verson of the internet. It is faster that Ether and can even increase capacity with demand. Amongst the popular cryptocurrencies currently being traded, IC stands apart for many reasons.
What is internet computer cryptocyrrency?
IC runs on its own proprietary protocol called Internet Computer Protocol. It allows anyone to build software and publish content on the Internet without the help of Google and Facebook for instance. The company claims to provide a ‘hackproof platform’ at ‘dramatically’ reduced costs with interoperability.
IC backed by venture capital companies Andreesen Horowitz and Polychain Capital also intent to launch apps for decentralized finance. With the DeFi apps, anyone coould use cryptocurrency (IC) to substitute the existing and traditional financial processes and switch over to new age IC.
Difinity claims it can scale up its capacity as demand increases and it should be seen as a network that uses blockchain technology to power apps rather than as a cryptocurrency.
What is the difference betwen IC and others
Three make IC different from others. With IC anyone can create an app using its blockchain technology. It basically allows the app developer to do an end-run around the big tech companies.
According to the founder Difinity Dominic Williams, it is the technology does not run on the cloud like others do. It runs on dedicated hardware estabilished by independent parties. IC runs and operates at web speed, unlike the other cryptos that take 30 minutes or more to complete transactions.
Where to buy IC
Unlike other cryptocurrency coins that are avilable easily in exchanges to buy or sell, IC is currently avilable at to of the largest exchanges Coinbase and Binance of now. A smaller exchange names Gate.io also offers IC.
Also read about Pi-coin.