Tareq

  ICP What is ICP? Internet computer or ICP is a secured and transparent blockchain based network that can be used to host data and programs. The programs and data both are being hosted on chain on the internet computer and they're often  reffered to as decentralized applications. DAPPs are created by the development smart contracts, which on the internet computer are known as canisters. It aims to create a decentralized internet where applications can run without traditional servers. The cannisters contains programs codes and state. Lets dive into deep: Purpose: To extend the functionality of the internet, enabling it to host smart contracts and decentralized applications (dApps) at scale. ICP Tokens Utility: ICP tokens are used to pay for computation and storage on the Internet Computer network. Staking and Governance: Holders can stake ICP tokens in neurons to participate in governance and earn rewards. How ICP Works It basically works on two things. Canisters and Cy...