Is ICP currency a mainstream currency? What chain is it?

ICP coin is called Internet Computer in English and is the native token of the Internet Computer protocol. The main functions of ICP coin are voting, rewards, governance, etc. The Internet Computer Protocol is an innovative, decentralized blockchain network designed to make blockchain technology accessible to the public. The promotion and development of cryptocurrency will eventually be called a mainstream currency and gain public recognition. For this reason, investors are also curious about whether this ICP currency, which was launched in 2019, is a mainstream currency? And want to know what chain ICP coin is? According to the analysis of existing data, ICP currency is not a mainstream currency and belongs to the Dfinity chain. The editor below will tell you in detail.

Is ICP currency a mainstream currency?

ICP coin is not a mainstream currency. According to current data records, the current price of ICP coin is 13.13 US dollars, the circulation volume is 439,025,692 coins, there are 37 Shaanxi concept exchanges, the market value is 5.765 billion US dollars, and the liquidity and market recognition are average. Overall, the ICP currency market is developing well, but it is not a mainstream currency.

ICP coin was launched by the Dfinity Foundation and aims to build a decentralized Internet computing platform to provide users with faster, safer and more open network services. The architecture of the Internet Computer protocol network is designed to provide communication flexibility for independent data centers and provide a fully decentralized cloud computing platform. One of the main goals of the Internet Computer Protocol team is to reduce society's reliance on centralized alternatives such as Amazon Web Services and Google Cloud Servers.

The core idea behind the Internet Computer network is to create a unique, decentralized Internet and a global cloud computing system powered by interconnected, independent data centers to compete with centralized cloud providers such as Amazon Web Services, Google Cloud and Microsoft Azure) compete.

What chain is ICP coin?

ICP coin is a Dfinity chain. ICP coin is built based on blockchain technology. It has the characteristics of decentralization and does not require the control of a central organization, ensuring the security and anonymity of transactions. The ICP network adopts a mechanism called "on-chain governance" to achieve high scalability and support large-scale computing and data storage.

The transaction speed of ICP coins is very fast, which can achieve almost instant transaction confirmation and improve the user experience. ICP coin holders can participate in the governance decisions of the ICP network by voting to ensure the fairness and transparency of the network.

Internet Computer features a variety of unique features that make it different from other popular blockchains. For example, the Internet Computer Protocol is the only network besides Bitcoin that is operated by zero-centralized cloud computing nodes. In comparison, approximately 70% of Ethereum nodes and 50% of Solana nodes are actually hosted on cloud servers provided by centralized institutions.

Internet Computer Protocol aims to provide the public with a more convenient experience. Therefore, it is the only public blockchain where smart contracts run and HTTP calls are made directly to the browser. In other words, inexperienced users will interact with Web3 technology and blockchain capabilities unknowingly.

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