What is ICP coin? What can ICP coins do? How to store ICP coins?

ICP (Internet Computer Protocol) coins power the Internet Computer network, facilitating computational resources, governance, and ecosystem transactions.

Oct 07, 2024 at 08:53 am

1. What is ICP Coin?

ICP (Internet Computer Protocol) is a decentralized protocol and cryptocurrency that aims to revolutionize the internet by allowing applications to run on its own blockchain instead of centralized servers. It was created by DFINITY, a Swiss non-profit organization. ICP coins are the native cryptocurrency of the Internet Computer protocol.

2. What Can ICP Coins Do?

ICP coins are the fuel that powers the Internet Computer network. They are used to:

Pay for the computational resources used by applications running on the Internet Computer.
Stake to participate in the governance of the Internet Computer.
Reward node operators for contributing to the network's security and performance.
Facilitate transactions within the Internet Computer ecosystem.

3. How to Store ICP Coins?

ICP coins can be stored in the following wallets:

Internet Computer Wallet: The official wallet provided by DFINITY.
Ledger Nano X or S: Hardware wallets that support ICP coins.
Petra Wallet: A web-based wallet designed specifically for ICP coins.
CoolWallet Pro: A mobile wallet that supports ICP coins.
Stoic Wallet: An open-source wallet that supports ICP coins.

4. Additional Information

ICP coins were launched in May 2021.
The maximum supply of ICP coins is 489,380,000.
The Internet Computer network is currently in its early stages of development, but it has the potential to significantly impact the future of the internet.
ICP coins are traded on several major cryptocurrency exchanges, including:
- Binance
- Coinbase
- Kraken
- Gemini
- FTX

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