What is the definition of internet computer in the context of cryptocurrencies?

3 answers

• Amir HarrisOct 17, 2021 · 4 years ago
  The internet computer refers to a decentralized network that aims to provide a secure and scalable infrastructure for running smart contracts and decentralized applications (dApps) on the blockchain. It utilizes a combination of peer-to-peer networking, cryptography, and consensus algorithms to enable trustless and transparent transactions. By leveraging the power of the internet, the internet computer allows developers to build and deploy applications without relying on centralized servers or intermediaries. This decentralized approach offers increased security, censorship resistance, and the potential for greater innovation in the cryptocurrency space.
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• Jesse CriddleAug 03, 2020 · 5 years ago
  Internet computer? It's like the cool kid on the block in the world of cryptocurrencies. It's all about creating a decentralized network that can handle smart contracts and dApps without relying on traditional servers. It's like taking the power of the internet and combining it with the security and transparency of blockchain technology. With the internet computer, developers can build and deploy applications that are resistant to censorship and control. It's a game-changer in the crypto world, opening up new possibilities for innovation and disrupting the status quo.
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• Erasto BentleyAug 04, 2020 · 5 years ago
  The internet computer, also known as IC, is a project developed by the DFINITY Foundation. It aims to create a decentralized network that can host and run smart contracts and dApps. The internet computer leverages a unique consensus algorithm called Threshold Relay, which allows for high-speed and secure transactions. Unlike traditional blockchains, the internet computer is designed to scale horizontally, meaning it can handle a large number of transactions simultaneously. This scalability, combined with its ability to execute code securely and efficiently, makes the internet computer an attractive platform for developers and businesses in the cryptocurrency space.
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