The $ICP token is the native cryptocurrency of the Internet Computer ecosystem and aims to create a blockchain-based, decentralized internet. Internet Computer provides traditional internet services in a decentralized manner, providing developers and users with a secure, fast and scalable infrastructure.
The Internet Computer network provides a variety of services such as storing data, running applications, and providing computing power. This makes it possible for developers to create and run decentralized applications (dApps) and web services.
(Internet Computer) Usage Areas
1- #ıcp tokens are used to pay transaction fees on the Internet Computer network. This is necessary to secure the network and verify transactions. Transaction fees are distributed as rewards for the use of network resources.
2- ICP owners can participate in the management processes of the network. This provides the opportunity to vote on issues such as protocol changes, updates, and the addition of new features. The decentralized governance model encourages community participation in decision-making processes.
3- ICP tokens are used for developers and users to access network resources. This is necessary for running applications and using data storage services.
4- It uses ICP for decentralized applications (dApps) and web services developed on the Internet Computer network. These applications enable users to benefit from various services, and $ICP functions as an exchange medium for the execution of these services.
5- By staking ICP, users can contribute to the security of the network and earn rewards in return. Staking means locking tokens for a certain period of time and using them to verify the network's transactions during this period.
Features that Distinguish Internet Computer from Others
1- Infinite Scalability: Internet Computer can operate at traditional internet speed and support an unlimited number of users and applications thanks to its scalability.
2- Web Speed Transactions: Internet Computer performs transactions at web speed in order to improve the user experience. This allows users to access applications and services quickly and without interruption.
3- Low Cost: Internet Computer offers a more economical infrastructure by reducing costs. This provides more cost-effective services for both developers and users.
4- Decentralized Web Services: Internet Computer provides traditional web services in a decentralized manner. This increases data privacy and security.
Total $ICP Its supply is 469 million tokens and the amount in circulation is over 250 million. Its market value is over $3.2 billion and it ranks 30th in the cryptocurrency rankings.
