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Internet Computer, a new cryptocurrency that debuted earlier this month, has swiftly risen to become one of the most valuable digital currencies, climbing into the top ten behind well-known names like Bitcoin, Ethereum, and Dogecoin. The third important blockchain breakthrough is the Internet Computer. It allows smart contracts, computation, and data to scale while still running at web speed. It enhances the internet's usefulness by allowing developers and entrepreneurs to create platforms and provide services. ICP is the platform's native cryptocurrency for network governance. With thousands of cryptocurrencies currently in circulation, it appears that the world does not require another.
Best New Cryptocurrency to Buy 2021 May 2021 Week 3
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Last Updated: 24 May 2021
Internet Computer Token (ICP) is possibly the best new cryptocurrency to buy at the moment. Launched only on May 10, 2021, it has since become the ninth biggest coin by market cap, rising from $0 to as high as $640 on its opening day. It has since declined to $130, yet remains one of the most watched cryptocurrencies by traders.
What is Internet Computer Token?
ICP is the native utility token of Internet Computer, a public blockchain built by Zug-based developers DFINITY. DFINITY has designed Internet Computer as a distributed platform capable of running software on the internet. In other words, Internet Computer aims to replace traditional cloud-based servers with a more decentralized internet, on which applications, software and social networks can be developed and run without centralized control.