Recently, a new crypto was launched, and it has been on the lips of crypto enthusiasts around the globe for a while. During its launch, many rushed to purchase the token for $731, though it plunged later after the market forces of demand and supply stabilized the token. Why has the Internet Computer become popular not minding that the blockchain platform is quite novel?
Internet Computer is the brainchild of a nonprofit organization based in Switzerland, Dfinity Foundation. The buzz around this crypto is astronomical, considering that it is less than a year old.
Why Did Internet Computer Create A Buzz?
There are thousands of blockchain-based platforms in existence and only very few have been able to create the massive buzz that Internet computers stirred up at inception. What is the secret behind its astronomical popularity?
• Investment in media and marketing strategies
The founders of Internet Computer carved out a marketing strategy that suited its innovation and took it running. They invested a lot in ensuring that the coin graced their page by promoting its innovations, the problems it solved, and what people would gain when they used the platform.
In the past, some cryptocurrencies with top-notch functionalities have not seen the light of the day because they put their marketing processes at the back of their minds. No matter how good crypto is, it is important that it is properly marketed to potential users. The Internet Computer left no stone unturned in doing this.
• Backed by popular names in the blockchain industry
When a blockchain-based platform is created by a team that is popular in the industry, there is a great chance that many crypto enthusiasts and investors may easily trust the project. Not only was Internet Computer created by a big nonprofit, but it is also backed by leaders in venture capitalism, Andreesen Horowitz and Polychain Capital.
• Its use cases
When Dfinity Foundation launched the Internet Computer, it ensured that its use cases were so groundbreaking that it would interest everyone, if not almost everyone. The Internet computer is designed to revolutionize the internet realm by adding more decentralization. It will also solve the issues noticed in popular cryptocurrencies.
When its use cases, marketing strategies, and backing sponsors are combined, it is not surprising that Internet Computer was welcomed with open arms.
Internet Computer’s Functionalities.
• It has no business with the cloud
The Internet Computer is unlike some chains that depend on the cloud for their operations. The focus of this blockchain-based platform is to function on a decentralized network, meaning that every aspect of this platform is decentralized.
• It is highly scalable
Scalability is a big issue in existing blockchains. With the blockchain trilemma of security, scalability, and decentralization, some blockchains have to sacrifice one for the others. The Internet Computer has honed the ability to offer every aspect without sacrificing any. The fast speed of this blockchain is enticing.
• Seamless creation of decentralized apps
Internet Computer’s goal is to alter the web and blockchain worlds by taking the best in both realms and removing the flaws. It intends to inject more decentralization into the internet, thereby reducing the stronghold effect of big internet brands. While this is happening, anyone can create their dApps on an Internet Computer, and enjoy scalability, security, and decentralization.
The trend of some big brands monopolizing the internet will be nipped in its bud because anyone can easily churn out their websites, apps, and much more on the internet.
• Its independent data centers
Since it plans on toppling the current internet hierarchy, the blockchain platform will use the ICP- a decentralized protocol to create these changes. Internet Computer is feasible because of the presence of independent data centers scattered globally, thereby injecting decentralization.
In Conclusion…
- At the moment, the Internet Computer is at its conceptual stage, and it is hopeful that they will create the innovations that they had pitched to the blockchain space.
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