This new cryptocurrency has people buzzing — its market value is at $35 billion in just 3 days
[PhilNote: Why didn't they release their security audits that have been completed 3 days ago when they launched?!?!?!? Let's assume they aren't 'editing' them. This does not yet pass the hype test.]
Internet Computer, a cryptocurrency that just launched on Monday now has a market value of about $35.8 billion, according to CoinMarketCap, trading at around $289.
On Monday, the market value skyrocketed to over $90 billion (at a price of around $731), but within minutes the price fell, hitting as low as $18 billion (priced at about $146).
The cryptocurrency’s founders, the Dfinity Foundation, intend for Internet Computer to become, in effect, a decentralized version of the internet.
The Internet Computer blockchain uses smart contracts — just as the Ethereum blockchain does — which can power a number of applications and platforms.
"...Gates include, but are not limited to, the DFINITY Foundation releasing all related source code that is not yet in the public domain, the release of vast quantities of technical and design information pertaining to ICP (Internet Computer Protocol) including full descriptions of the Chain Key cryptography and protocol math that makes the Internet Computer network possible; security audits and stress tests being successfully passed...
See the full story here: https://www.cnbc.com/2021/05/12/new-cryptocurrency-internet-computer-hit-billions-in-value-after-debut.html?fbclid=IwAR3b2Yi6oJFAde8bdGoFL3NmVnVemzWFJz32o6GIMhnoGhrVuOPuTgHm-FQ
