Binance.US lists ICP.
- Trade Internet Computer (ICP) on the ICP/USD and ICP/USDT pairs.
- Buy Internet Computer (ICP) with Bank Transfer (ACH), Debit Card, or Wire Transfer.
- Deposits and withdrawals are now open for ICP.
Note: This article was last updated on June 21, 2022. Deposits for ICP first opened on June 20, 2022 at 5 a.m. PDT / 8 a.m. EDT. Trading opened 24 hours later, along with the "Buy Crypto" functionality.
What is Internet Computer (ICP)?
Internet Computer (ICP) is a decentralized blockchain network founded by the DFINITY Foundation with the purpose of allowing the internet to host backend software. Its utility has since expanded to become a decentralized, scalable platform that stores data, performs computation, and supports community-driven governance. It aims to become a ‘world computer’ by hosting dapps.
Interactions and applications are created with canisters, the network's version of smart contracts frequently seen across many blockchains. As of January 31, 2022, twenty-one individual data centers are currently running Internet Computer node machines. A node machine is a physical machine running ICP software known as replicas which replicate the state and computation across all machine nodes. The core components of a replica are categorized in the following layers:
- A peer-to-peer network layer collects and advertises messages to and from other nodes within its subnet.
- A Consensus layer selects and sequences messages from different subnets to formulate blocks through Byzantine Fault Tolerant Consensus.
- A messaging routing layer routes messages between subnets and manages the input-output queues for all dApps built within the Internet Computer.
- An execution environment layer calculates the computation involved in all smart contract canister executions by processing the messages received from the routing layer.
ICP is the blockchain’s native utility token used for governance and gas. ICP rewards are distributed to users who participate in ICP's governance mechanisms or provide computing power as a node.
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