Internet Computer is a decentralized platform that functions like a traditional web service, such as Google or Yahoo, but with a critical difference—it operates on a decentralized blockchain network. This allows organizations and individuals to interact and utilize applications much like they would on centralized web platforms.
Developers can create and deploy software directly on the Internet Computer, enhancing the network’s capacity and the functionality of applications running on it. This positions Internet Computer as a viable alternative to centralized platforms, offering advantages in speed, data capacity, security, and autonomy.
ICP, the native cryptocurrency of Internet Computer, is used for staking and governance, allowing holders to participate in decision-making and secure the network. The platform is also suited for decentralized finance (DeFi) applications due to its scalability.
Unlike many other blockchains, Internet Computer operates on its own hardware network managed by individuals, not on cloud systems, enhancing security and maintaining decentralization.
