Building a decentralized internet for the future
The Internet Computer (ICP) is an ambitious blockchain project by the Dfinity Foundation that aims to transform the way the internet works. Instead of relying on centralized servers, it enables a decentralized network of data centers to host applications, websites, and services directly on-chain. This eliminates intermediaries and allows developers to create highly scalable and secure applications. Now, its native token ICP is available for buying and selling on Bitso.
What is Internet Computer (ICP)?
Internet Computer is a decentralized cloud computing platform that provides a new model for hosting applications and services. It allows developers to deploy code directly to the blockchain, enabling dApps to run at web speed without traditional servers or centralized providers. This makes it possible to build everything from social media platforms to enterprise software on a decentralized infrastructure.
The ICP token powers this ecosystem by facilitating network governance, rewarding data centers, and paying for computational resources.
What makes ICP unique?
ICP stands out because it aims to extend the internet itself, not just build on top of it. Its protocol, powered by the Chain Key Technology, enables smart contracts that run at web speed, with lower costs compared to traditional cloud providers. Additionally, it offers infinite scalability, allowing the network to grow seamlessly as demand increases.
A closer look at the founders
Internet Computer was launched by the Dfinity Foundation, founded by Dominic Williams, a cryptographer and technology entrepreneur. Williams envisioned a blockchain that could compete with traditional cloud providers while maintaining decentralization and security. Under his leadership, Dfinity has gathered a team of top researchers and engineers to develop one of the most technically ambitious projects in the blockchain space.
What is the ICP token for?
The ICP token serves several roles within the network:
- Governance: Holders can lock tokens in the Network Nervous System (NNS) to vote on protocol upgrades and decisions.
- Computation: ICP is used to pay for running smart contracts and hosting applications on the network.
- Incentives: Node providers and developers are rewarded with ICP for contributing to the network’s growth and security.
Real-world example
Imagine a social media platform that doesn’t rely on centralized servers or corporate control. Instead, it runs entirely on the Internet Computer, where users maintain full ownership of their data, and developers don’t depend on big tech infrastructure. ICP enables this by powering the computation and governance behind the scenes.
How to buy ICP on Bitso
- Log in or sign up for your Bitso account.
- Use the conversion feature to swap your local currency (MXN, ARS, BRL, COP, or USD) for ICP.
- Track its market performance directly from the app.
- Enter the amount, review the details, and confirm your transaction.
Note: ICP is only available through conversions on Bitso. It is not supported on Bitso Alpha, and deposits or withdrawals from external wallets are disabled. However, you can send and receive ICP between Bitso users via Bitso Transfer.
Disclaimer
Internet Computer (ICP) is the native token of the Internet Computer network, developed by the Dfinity Foundation to decentralize cloud computing and enable applications to run directly on-chain. While it introduces innovative technology and potential to reshape the internet, the value of ICP remains speculative and subject to market volatility. This content is for informational purposes only and does not constitute financial advice. Bitso encourages users to conduct their own research (DYOR) before buying, selling, or holding any digital asset.
