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Reasons to Buy Internet Computer (ICP)

• The users are not liable to pay for the smart contracts execution as ICP uses a reverse gas model to pay for the cost itself.
• It has a high block rate and executes a query within some milliseconds.
• It has a market share of more than $7 Billion.
• ICP is the native utility token of the Internet Computer ecosystem.
• It has a circulating supply of around 173 million ICP coins while there is no cap on maximum supply.

Internet Computer was founded in 2015 by the DFINITY foundation, which was able to raise more than $195 Million in funding by 2018.

It started with an aim to address the issues prevalent on the Internet. ICP is an open-source platform that seeks to address poor system security, misuse of personal user data, & monopolization of internet services. The Internet computer is eliminating the problems by building an internet-capable of hosting smart contracts, Defi apps, and even enterprise systems.

Things to consider before buying Internet Computer (ICP)

• ICP token holders can participate in the governance system that allows them to earn rewards.
• It works on the Proof-of-Stake consensus algorithm.
• The Internet Computer hosts its native software within a tamper-proof environment.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.