What currency is domain chain ICO (what is blockchain IP)
What currency is Domain Chain ICO? According to official information, what currency is Domain Chain ICO? It can provide a platform for project parties to invest on behalf of others, in order to solve the problems of difficult and expensive fundraising in the blockchain development process It is understood that domain chain ICO is a digital token issued by the IOST public chain; Its main business includes: the first is to apply the underlying blockchain technology to cross chain transactions. The second aspect is to enable users to transfer and exchange funds between various nodes through the issuance of tokens, achieving peer-to-peer transactions; The third part is to establish a universal application ecosystem (i.e. “domain network”); The fourth is to create a decentralized payment network
What is Blockchain ICP
Blockchain is a distributed application that can connect to data and assets in the real world. By storing data on the chain, the value of ICP can be guaranteed. At the same time, the system also has the function of smart contracts: users can transfer, vote, and trade between nodes; And the security and privacy of information can be ensured through smart contracts ICP is a network architecture based on the Alliance Consensus Mechanism (ICP), aimed at providing a decentralized infrastructure network that provides a platform for digital economy collaboration among various organizations, individuals, enterprises, government agencies, and other participants. (Phoenix Network Technology)
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