Internet Computer ICP

The Internet Computer (IC) is a groundbreaking project that represents the third stage of blockchain evolution. It aims to create a global computer network that allows the development of autonomous, tamperproof, general-purpose smart contracts. Unlike traditional blockchain networks, the Internet Computer operates through subnets running in parallel, connected by Chain Key technology. This allows for fast transaction finalization, scalability, easy node replacement, updates, and subnet restoration. The goal is to create a decentralized network controlled by all participants rather than centralized entities.

The Internet Computer (IC) is unique compared to other cryptocurrencies because it is not just a currency, but rather a global computer project. It aims to revolutionize blockchain technology by allowing the creation of autonomous, tamperproof, general-purpose smart contracts. Unlike traditional cryptocurrencies that focus on peer-to-peer payment systems or smart contracts on a single blockchain, IC aims to create a decentralized network controlled by all participants of the protocol. This makes it distinct in its goal and potential use cases compared to other cryptocurrencies.