What is Dfinity (Internet Computer Protocol ICP)

Dfinity (now known as Internet Computer) or ICP (ICP/USDT – Trade it here) is a crowd-computing service. They are trying to build a ‘world computer’ on an internet scale. In simpler terms, they are making a public supercomputer for all to use. Basic information for the ICP token is available on the MEXC Digital asset introduction page.

How to buy ICP
What is Dfinity (Internet Computer Protocol ICP)

How Does it Work

The Internet Computer is a blockchain network. They hope to increase the functionality of the internet in a safe, decentralized, and economical manner. Furthermore, they want to address Ethereum’s scalability issues without sacrificing security or decentralization. ICP believes that they can complete transactions in one to two seconds. In comparison, Ethereum takes about 15 seconds, and Bitcoin around 10 minutes.

Furthermore, ICP goes beyond normal blockchain development. They are trying to conquer the cloud computing market. If they succeeded, internet users will no longer need to depend on centralized server farms. So, how do they create a lighting transaction speed? Usually, the transaction verification procedure in blockchain projects relies on mining. It is both time and energy-consuming.

Internet Computer, on the other hand, employs the Threshold Relay version of the proof-of-stake method to reach an agreement. In the Threshold Relay, nodes generate a random number (random beacon). It helps select the next set of nodes and drive the platform’s protocol. Next, they implement their Chain Key Technology. It splits up the smart contract function executions into update calls and query calls. The whole procedure allows them to generate a seamlessly quick transaction.

Recent Price & Performance of Dfinity (Internet Computer Protocol ICP)

Currently, the market price for ICP is $3.818 per unit. They have a market cap of $1,048,430,915 and a fully diluted market cap of $1,867,774,112. You can check the live price of their token right here!

How to buy The Dfinity (Internet Computer Protocol ICP)

You can buy Internet Computer Protocol (ICP) on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “ICP” using the search bar to see the available trading pairs. Take ICP/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of ICP you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy ICP] to confirm your order. You will find the purchased ICP in your Spot Wallet.

You can find a detailed guide on how to buy ICP token here.

Keep Yourself Updated With The Crypto Trend

Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!

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Wilbur Kwok
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