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    Vikshita Vitthal Gujaran in OBOSWAP

    06-Feb-2023 11:38 AM


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    What is ICP blockchain?

    The Internet Computer is growing as 2023 takes shape. The ecosystem has grown nearly 50% so far in 2023 and in doing so is attracting attention from myriad users in the industry.

    The Internet Computer has considerable upside and still feels largely unknown and misunderstood. Below, we quickly explore five facts about the Internet Computer (ICP) Blockchain. Let’s go!

    1. Decentralized Infrastructure

    The Internet Computer was created as a decentralized infrastructure to host and support applications, websites, and other digital services.
    2. High Performance

    The Internet Computer was built using a new consensus mechanism called "Dfinity Consensus." The “Dfinity Consensus” enables fast, secure, and scalable transactions that allow for the ICP system to process thousands of transactions per second, making it ideal for scaling Web3.
    3. Innovative Architecture

    Together with the “Dfinity Consensus,” ICP is built for fast and efficient scaling that accommodates a large number of users and applications using technology like its novel Chain Key mechanism.
    4. Open-Source

    The Internet Computer is open-source, which means that its code is publicly available. Open-Source code can be reviewed and contributed by the public.
    5. New Development Platform

    The Internet Computer provides a new development platform for developers to build and host decentralized applications, websites, and other digital services. It offers a number of key benefits over traditional web hosting and cloud computing, including greater security, reliability, and scalability. Developers can use several programming languages -- including JavaScript, Python, and Rust -- to build on the Internet Computer, making it accessible to a wide range of developers and technical communities.

    Source - https://bsc.news/post/5-facts-about-the-internet-computer-icp-blockchain?utm_source=Twitter&utm_medium=Socials

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