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Decentralization |
The Internet Computer changes the way the internet works by using blockchain technology to focus on decentralization. This means that software can be developed and run directly on the blockchain, reducing the need for traditional servers and creating a more open and reliable internet. |
| Canister Smart Contracts | The Internet Computer introduces "canisters," which are special smart contracts that run on the network. These canisters are designed to be scalable, secure, and tamper-proof, making decentralized applications (dapps) more flexible and robust. |
| Network Nervous System (NNS) | The Network Nervous System (NNS) is the Internet Computer's governance system. It allows token holders to vote on important decisions, ensuring that the community helps guide the platform's development. The NNS is one of the largest decentralized autonomous organizations (DAOs) in the world, operating entirely on the blockchain. |
| Reverse Gas Fee Model | The Internet Computer uses a unique reverse gas fee model where developers pay for the computational resources (cycles) needed to run dapps. This means that users can access these applications without needing tokens, making dapps more affordable and accessible. |
| Open Internet Services | The Internet Computer aims to foster the creation of open internet services that users can access directly without intermediaries. This vision encourages the development of more open and inclusive online applications. |
| End-to-End Security | Security is a top priority for the Internet Computer. The platform ensures that applications have secure communication and storage, protecting data from end to end |
| Scalability | The Internet Computer is designed to scale dynamically, meaning it can grow its capacity based on demand. This helps overcome the scalability issues faced by other blockchains, providing a more efficient platform. |
| MultiChain Integration | The Internet Computer can integrate seamlessly with other blockchains, eliminating the need for centralized bridges. This is achieved through Chain Key Cryptography, allowing it to work smoothly with blockchains like Bitcoin (ckBTC) and Ethereum (ckETH) at low costs. |
| SNS DAO | The Service Nervous System (SNS) serves as an algorithmic Decentralized Autonomous Organization (DAO) within the Internet Computer ecosystem, providing a powerful mechanism for developers to hand over control of their decentralized applications (dApps) to token-based governance systems. Unlike traditional structures, the SNS DAO eliminates the need for corporations, boards of directors, or CEOs, fostering a truly decentralized and community-driven approach. |
| Token Economics | The native utility token, ICP (Internet Computer Protocol), plays a pivotal role in governance, transactions, and computation on the platform. It forms the economic backbone of the Internet Computer ecosystem, ensuring a cohesive and participatory environment. |
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