Cryptocurrencies (or digital currencies) like Bitcoin, Ethereum, and others, are forms of money that exist only digitally and use encryption techniques to secure transactions and control the creation of new units.
š” Advantages of cryptocurrencies:
ā They are not subject to the control of banks or governments (they have a decentralized nature). ā Fast execution of cross-border transactions without the need for a third party. ā Use of blockchain technology to ensure transparency and security.
š Why are people interested in them?
High investment opportunities (with some risks involved). The future of financial technology. Support for decentralized projects and smart applications.
ā ļø Warning: Cryptocurrencies are highly volatile and can carry significant risks, so investors should be aware of the risks before entering this field.
is the unique identifier for the Internet Computer project, an ambitious initiative aimed at reimagining the internet as a decentralized computing platform that can host applications and services without relying on traditional servers or centralized cloud computing services like Amazon Web Services or Google Cloud.
The main founder of the project $ICP
is Dominic Williams, a computer scientist and inventor. Before founding the Internet Computer, Dominic was well-known in the cryptocurrency community and invented consensus algorithms such as 'Threshold Relay' and 'BFT Consensus'.