Comparison and Review: Internet Computer (ICP) vs Klaytn (KLAY)
Internet Computer (ICP)
- Symbol: ICP
- Name: Internet Computer
- Asset Platform ID: [empty]
- Categories: Alleged SEC Securities, Smart Contract Platform, Governance, Gaming (GameFi), Storage, Metaverse, NFT, Internet Computer Ecosystem
- Market Cap Rank: 33
- Price Change Percentage (30d): +33%
Internet Computer (IC) is a groundbreaking blockchain developed by the DFINITY Foundation that aims to revolutionize the internet and decentralized computing. It is designed to support smart contract development at scale and change the way people interact with web services. With the goal of extending the public internet to become the world's computing platform, Internet Computer is set to transform the crypto economy and traditional software services.
Founded in 2016, Internet Computer has gained significant investment from prominent firms like Andreessen Horowitz and Polychain Capital. In May 2021, the project achieved a major milestone by launching the Internet Computer into the public domain, enabling it to function as a decentralized global computer. The release of its source code and the introduction of the ICP utility token have empowered thousands of community members to govern the network and participate in its development.
ICP, the native token of Internet Computer, serves multiple purposes within the network. Firstly, it enables users who participate in governance activities to earn ICPI rewards. Secondly, ICP can be converted into cycles, which are used as transaction fees to access the network. These cycles are burned after being utilized. Lastly, ICP is also used as a reward to incentivize users to secure the network and participate in its operations.
- Symbol: KLAY
- Name: Klaytn
- Asset Platform ID: Klay-token
- Categories: [empty]
- Market Cap Rank: 86
- Price Change Percentage (30d): -17.21%
Klaytn is a public blockchain platform primarily focused on the metaverse, GameFi, and the creator economy. It was launched in 2019 and has emerged as the leading blockchain platform in South Korea. Klaytn is now expanding globally from its base in Singapore, supported by the Klaytn Growth Fund, a $500 million fund dedicated to growing the ecosystem of companies built on Klaytn. The fund is managed and disbursed by the Klaytn Foundation, a Singapore-based non-profit organization.
More information about Klaytn can be found on their official website: https://klaytn.foundation.