I can’t stress enough how much cryptocurrencies has dominated the airwaves lately. Bitcoin saw ridiculous highs, Dogecoin went to the moon — or tried to at least — and Coinbase made its IPO… All in a few months’ time. So you must be asking… What’s next? What is there left to do in crypto?
How about putting the entire internet on a blockchain?
That’s the idea behind this newly traded coin, which began trading Monday, May 10…
And it could be the next best crypto in 2021.
The idea behind DFINITY’s Internet Computer (ICP-USD) is to take everything on the internet, make it peer-to-peer and decentralize it. No more third parties like Google running the show.
Why is that such a big deal? Why is it considered the next best crypto? Well, for one, it can’t be hacked. Because it’s blockchain technology and peer-to-peer, the idea is that it would be unhackable.
That’s huge because every big company is prone to infiltration. Microsoft, Apple, Google… All of them have been hacked at one point or another.
Before we get into the financial side of things, let’s take a look at the company behind the crypto.
The DFINITY Foundation is a not-for-profit organization based out of Switzerland, founded by Dominic Williams in 2016.
But their mission?
It’s not only to create the next best crypto, it’s to reinvent the internet as a whole.
Just as Bitcoin was created in an attempt to decentralize financial transactions, the ICP aims to decentralize the internet — to take away the monopoly that Big Tech has.
I know what you’re thinking, that sounds a little ambitious. But think about it: When Bitcoin first emerged, it wasn’t taken seriously. Now? It’s worked its way into several big companies, including PayPal and Tesla.
Who’s to say DFINITY’s ICP won’t get there some day?
Check out my video below for a deeper look at what could be the next best crypto in 2021 and the company behind it.
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