The Internet Computer is a Layer 1 blockchain project that aims to extend the current internet protocol to incorporate smart contracts. This allows developers to build DeFi apps, websites, enterprise IT systems and other internet services by installing their code on the public internet, rather than in centralised data centres. It is fast, secure, and scales to billions of users across the globe. Essentially, it’s a decentralised protocol that can compete with Big Tech’s internet monopolization.
ICP utility tokens power the Internet Computer. The ICP token is used to facilitate governance, reward participants, and they can be converted into ‘cycles’ to power computation for applications. The Internet Computer is a project by Dfinity, which was founded in 2016 by crypto theoretician and entrepreneur Dominic Williams.
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A lot of members like to hold onto their Internet Computer in case it increases in value. You can hold your Internet Computer in your Cointree account or transfer it to a private wallet.
Cointree allows you to trade any portion of your Internet Computer to over 100 other digital currencies instantly.
When buying Internet Computer with Cointree, you are able to send your Internet Computer to any other Internet Computer wallet easily and instantly.
You can use Internet Computer to buy many things online aswell as in physical stores. More businesses are accepting Internet Computer every day.
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You can pay any Australian BPAY bill using any digital currency.