Internet computer trading began last week. Since its inception, search volume has been dominant on CoinMarketCap, recently peaking at $ 700.
Internet Computer aims to improve the public Internet by providing a Layer 1 platform for a “Boundless environment for smart contracts that run at web speed, serve the web, scale and reduce compute costs.”
Internet computers developed by the Dfinity Foundation can be used by developers to create websites and Internet services by installing their code directly on the platform, which is entirely hosted on the Internet.
Dfinity is based in Zurich and has offices all over the world. These are intended to support companies in creating decentralized applications.
Based on its current value of $ 315, Internet Computing is up 7.6%. This is an impressive rating considering the platform only launched a week ago. This is likely due in part to the surge in Internet computer orders, which drove the price up.
Internet Computer sees itself as an improved version of Ethereum – with reference to higher transaction speeds and the fact that it is the first “blockchain computer”. This is achieved through the use of chain key technology.
Internet computers could be an exciting investment opportunity for anyone who believes in the “second mover advantage,” where a competitor uses the innovations of its predecessor to overtake it. Ethereum has been plagued by development delays in the past, which developers attributed to scalability problems and the decentralized nature of blockchain projects.
In defense of Ethereum, it should be said that the protocol has scheduled updates for the coming months to reduce transaction times and gas fees.
Internet computer trading volume was around $ 787 million over the past 24 hours, making the offer a coin with a relatively low cap over that period before more buy orders could follow.
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