#iCP

Like a lot of projects in the cryptocurrency space, the Internet Computer Protocol (or ICP) is much more than a form of digital money.

ICP’s basic idea is to create a new kind of decentralized internet and global computing system — where independent data centers all over the world could join together to create an alternative to the cloud services

Originally called DFINITY, ICP’s global and distributed network of data centers can run all of the applications that are accessible via traditional Internet standards such as DNS (the domain name system you use via web browsers and smartphones). 

The ICP token has several major uses: it acts as a governance token (allowing holders to “lock” some of their ICP into the network in exchange for having a say in the future development of the ICP protocol), is rewarded by the network to participating data centers for good behavior, and is used to pay transaction fees on the network.

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