In this article, we'll explore what Bybit Pay is, what AEON is and how you can use both to make instant payments using your crypto assets in Vietnam and the Philippines.

 is the payment solution launched by Bybit to bridge the gap between Web3 and traditional Web2 payments through innovative real-world solutions and partnerships.

Bybit Pay recently announced a collaboration with 

, enabling users in Vietnam and the Philippines to make crypto payments seamlessly through popular national QR code payment networks — VietQR and QR PH. This partnership brings a new level of real-world utility to cryptocurrencies, enabling users to spend their assets effortlessly at supported merchants.

Let’s explore what Bybit Pay is, what AEON is and how you can use both to make instant crypto payments in Vietnam and the Philippines. From now through Jun 30, spend with Bybit Pay and stand a chance to get 

 is the crypto payment solution offered by 

, a leading global crypto exchange with over 70 million global users. Bybit Pay enables anyone to send and receive payments using cryptocurrencies like 

The mission behind Bybit Pay is simple: to make spending crypto as intuitive as traditional payment methods. Whether you’re shopping online or in person, Bybit Pay helps bridge the gap between Web2 payment systems and Web3 financial tools.

Bybit Pay is so much more than just a crypto wallet. It’s been designed to function as an all-in-one crypto payment platform to serve the needs of both individual users and merchants. Here’s how:

Bybit Pay supports local payment systems through QR code scanning, allowing users to make real-world transactions using their crypto balances. You can scan merchant QR codes directly through the Bybit app and settle payments instantly.

With support for simplified payment codes and blockchain addresses, users can send and receive funds without the need for complex wallet setups. Payments are processed instantly thanks to Bybit’s efficient network integrations.

The auto-savings feature allows you to earn passive income on idle crypto assets, turning your wallet into an interest-generating tool even while it’s ready for payments.

Bybit Pay supports 16 leading cryptocurrencies, including:

Bybit Pay offers real-time crypto-to-fiat conversions. Users can pay in crypto, and merchants receive fiat — instantly and with zero transaction fees, making it an attractive alternative to traditional credit card payments.

Bybit partners with AEON in Vietnam and the Philippines

Bybit’s new partnership with AEON, a Web3 infrastructure provider, connects Bybit Pay with local QR code payment systems (VietQR in Vietnam and QR PH in the Philippines), allowing users to spend their crypto at thousands of physical and online stores.

 is a crypto payment solution provider that simplifies crypto payments across multiple major blockchains, including Ethereum, Solana, BNB Chain, Tron, Arbitrum and TON.

Through various products, like its crypto payment API, Web3 online and mobile payment and more, AEON connects crypto businesses and users with merchants in Southeast Asia, Africa and Latin America.

 designed for AI, enabling AI agents to autonomously search, purchase and pay through a robust infrastructure called AI Payment.

enables customers in Vietnam to make mobile QR payments and is widely adopted by major Vietnamese banks and merchants, facilitating quick, cashless transactions.

 (QR Ph) enables secure, fast and in-person digital payments via QR codes across various banks in the Philippines. It aims to unify fragmented QR payment services into a single, efficient platform.

AEON’s integration with these payment networks means that any merchant that accepts VietQR or QR PH payments can now receive crypto payments from Bybit Pay users via AEON.

Here’s how Bybit Pay users can benefit from the partnership between Bybit Pay and AEON:

How to use Bybit Pay in Vietnam with VietQR

Here’s an easy step-by-step guide to making crypto payments in Vietnam using Bybit Pay and VietQR:

How to use Bybit Pay in the Philippines with QR PH

The process is almost identical for users in the Philippines, with the same steps 1 through 3. The following steps differ:

Bybit Pay’s integration with AEON brings real-world crypto utility to millions of users across Vietnam and the Philippines. Crypto holders can now make payments with ease at numerous merchants country-wide through widely available national payment systems like VietQR and QR PH.

From now through Jun 30, any Bybit Pay users who travel to Vietnam and the Philippines have a chance to receive Bitcoin in cashback. Simply spend at least $5 at any local merchants that accept QR Ph or VietQR codes with Bybit Pay and claim your BTC airdrop. 

Whether you’re shopping in Hanoi or Manila or dining in Halong Bay or Boracay, Bybit Pay allows you to spend crypto like cash — instantly, securely and fuss-free.

Beginner

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How to use Bybit Pay with AEON (Viet QR and QR PH)

Ethereum Staking ETFs enable investors to earn staking rewards through a regulated, easy-to-access investment product without needing to manage validator nodes or lock up their ETH.

 have drawn interest but have fallen short of the momentum seen with 

 in assets within eight months of their approval by the SEC six months earlier, Ethereum Spot ETFs gathered only around $7 billion in the same time frame. A likely key reason for this gap is the absence of staking rewards, an added incentive that could offer investors additional yield. However, this may soon change, as 21Shares and a few other asset managers have 

 to incorporate staking features into their existing Ethereum Spot ETFs. This article explores proposed ETH Staking ETFs and their potential impact on the broader market.

An Ethereum Staking ETF is a regulated investment fund that holds Ether (ETH) and participates in Ethereum's 

 (PoS) consensus, allowing investors to earn staking rewards without directly managing validator nodes. 

These ETFs combine the accessibility of traditional 

 with the yield-generating potential of Ethereum staking, offering passive income through network validation while maintaining liquidity for investors.

Unlike a conventional Ethereum ETF that solely tracks the price of ETH, a staking-enabled ETF actively puts its underlying holdings to work by participating in Ethereum’s PoS 

. This allows investors to benefit from ETH’s price movements and to earn additional yield from staking rewards, effectively creating a dual-source return structure.

The ETF provider (such as 21Shares) collects capital from shareholders, and acquires and securely holds Ether (ETH) in a regulated custody solution. Each share of the ETF is fully backed by an equivalent amount of ETH to ensure transparent collateralization. Because staking with Ethereum requires a minimum of 32 ETH per validator, the ETF uses a pooled staking model. This approach allows fractional ETH contributions to enable participation in staking, with the fund either running its own validator infrastructure or partnering with professional staking service providers. Once staked, the ETH contributes to the security of the network and earns its contributors rewards that accumulate over time.

The handling of these staking rewards is a key differentiator: the ETF may either distribute the earned ETH as dividends, providing a direct yield to shareholders, or automatically reinvest the rewards to increase the fund’s net asset value (NAV). Reinvestment can compound returns and amplify long-term gains, offering a distinct advantage over non-staking ETFs. However, staking introduces liquidity constraints, as staked ETH is subject to lockup periods. To maintain daily liquidity for investors, the ETF may hold a portion of its ETH in reserve or use 

 — tokens that represent staked ETH, but can be traded more freely.

This structure comes with additional considerations. Management fees must cover not only the usual operational costs, but also those tied to staking, such as validator maintenance, custody security and technical infrastructure. There are also risks involved, including slashing penalties for validator errors or downtime, as well as potential losses from technical failures. To mitigate these risks, ETF providers often implement robust risk management frameworks, such as diversified validator strategies and/or insurance mechanisms.

The current landscape of the Ethereum Staking ETF

Industry players such as Bitwise, Grayscale Investments and 21Shares have proposed integrating staking capabilities into their Ethereum ETFs, a departure from simple price tracking to creating products that also provide passive income through Ethereum's staking rewards. However, as of Jun 12, 2025, the SEC has yet to grant final approvals. For example, on May 21, the SEC 

 to add staking to its Ether ETF, requesting a deeper analysis of public comments and potential structural risks.

In order to sidestep regulatory obstacles, REX Shares has taken an 

, filing for C corporation–structured Ethereum and Solana staking ETFs designed to bypass standard SEC timelines. These could launch as early as June 2025 under a unique regulatory mechanism. Despite the foot-dragging, industry experts remain optimistic about regulatory approval by 

This optimism follows from a change in the SEC’s stance, which recently 

 that participating in Ethereum's PoS network would no longer be viewed as a securities transaction. The new guidance marks a move away from the SEC's previous enforcement-heavy approach, and could open the door for approval of staking ETFs. However, the SEC is moving with caution, citing the need to address various risks, such as validator slashing and liquidity challenges related to lockup periods.

Market sentiment is cautiously optimistic. Experts believe that integrating staking into ETFs could unlock significant growth for Ethereum, offering both yield benefits and growth potential. Marcin Kazmierczak, co-founder and COO of 

 while these developments are evolutionary, they lay the foundation for broader crypto acceptance and regulatory clarity. Brian Fabian Crain, CEO of Chorus One, 

, expressing cautious optimism that approval may come within a favorable regulatory time frame, possibly before the end of US President Trump’s final term. 

 in Canada have demonstrated strong demand, validating the model. Until the SEC arrives at a final decision, US applicants remain in limbo. The way forward hinges on reconciling crypto’s mechanics with traditional frameworks.

What will it mean if an Ethereum Staking ETF application is approved?

The approval of an Ethereum Staking ETF would be a big deal for both cryptocurrency markets and traditional finance (TradFi), with cascading effects across institutional adoption, retail investment and blockchain economics.

Ethereum Staking ETF approvals could possibly be a significant milestone for crypto investment, merging yield-generating DeFi mechanics with regulated, accessible financial products. Combining the accessibility of ETFs with the yield-generating power of Ethereum’s PoS mechanism, these funds would allow investors to earn staking rewards without managing validators. The approval of such ETFs could boost Ethereum’s price, attract institutional capital and legitimize staking within regulated markets. However, regulatory hurdles and liquidity challenges would need to be overcome in order for these products to reach their full potential.

Intermediate

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Ethereum Staking ETFs: Mainstream entry into ETH rewards

Bybit will launch Byreal, its first on-chain DEX built on Solana, on June 30.

Daily top performer — Maple Finance (SYRUP)

The S&P 500 fell 1.13% Friday amid rising Israel-Iran tensions and oil price spikes, but US futures held steady as markets await the Fed's rate decision. Gold neared $3,445 as Middle East tensions rose and Fed rate cut bets grew, despite strong U.S. sentiment data. CoinDesk Indices, which track the broader crypto market, rose 1.39% in the past 24 hours, while Bitcoin and Ether rising 0.26% and 0.82%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is SYRUP, up 11.6% after Maple Finance launched stETH-backed stablecoin credit lines for institutional borrowers.

Maple Finance (SYRUP), founded in 2019, is a decentralized platform that offers fixed-rate yields by connecting institutional borrowers with liquidity providers through professionally managed lending pools and strong risk controls. Maple Finance has 

 with Lido Finance to offer stablecoin credit lines backed by stETH, enabling institutions to access liquidity without unstaking ETH. This move supports capital efficiency by allowing borrowers to retain ETH staking rewards while using stETH as collateral for loans.

Check out the latest prices, charts, and data of 

, its first on-chain DEX built on Solana, on June 30. Designed as a hybrid finance platform, Byreal combines centralized exchange features with decentralized infrastructure, offering low-slippage trades, MEV protection, and curated yield vaults like bbSOL. The move follows Bybit's shutdown of several Web3 services to streamline operations after a major security breach, signaling a renewed focus on efficient, integrated trading experiences.

From June 9–13, 2025, BTC spot ETFs recorded $1.37 billion in net inflows, driven almost entirely by non-GBTC products, which added $1.355 billion, while GBTC saw a modest $15 million inflow. Since inception, total net inflows across all spot ETFs stand at $45.6 billion, with non-GBTC products accumulating $68.8 billion and GBTC experiencing $23.2 billion in outflows.

, and users can now earn 300 free points by completing two new tasks on the Klok app. Simply open the app and finish the tasks listed at the bottom right. You can also earn 10 points per prompt (up to 10 prompts daily), and inviting 20 friends unlocks PRO status, increasing the daily limit to 50 prompts.

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Bybit debuts hybrid DEX 'Byreal' on Solana to bridge CeFi and DeFi

SOON brings Solana’s fast, low-cost SVM to Ethereum and beyond, enabling scalable Layer 2 rollups on any Layer 1 via its decoupled SVM architecture.

 (EVM), has been at the forefront of enabling 

 functionality on blockchains. However, the EVM has several limitations, making it less efficient for many use cases. Specifically, EVM handles all transactions via a single-threaded model, leading to performance bottlenecks. Additionally, it has an inefficient gas fee determination system, based on a global model, whereby high-impact transactions drive the overall fees on the network for everything, including 

 (DApps) that feature a low transactional footprint.

 (SOL)'s native execution engine, the Solana Virtual Machine (SVM), solves these problems by enabling parallelized processing and local fee markets, so each transaction pays gas fees commensurate with its processing load on the network. Unfortunately, the standard SVM on Solana features little interoperability with Ethereum and other Layer 1 environments. 

SOON (SOON) is a decentralized platform that leverages a 

 (L1) networks, including Ethereum. The SOON project has developed an ecosystem of tools under the SOON Adoption Stack (SAS) banner to help developers integrate its variation of SVM into various L1 networks.

In this article, we’ll examine this novel 

 project that aims to "bring Solana everywhere." 

 (SOON) is a decentralized platform that uses Solana's SVM technology to power Layer 2 (L2) chains that settle on Ethereum and other Layer 1 (L1) networks. 

SOON represents a stack of technologies — united under the 

 (SAS) framework — designed to bring SVM's benefits to as many L1 networks in the industry as possible. The SAS framework consists of the SOON Mainnet L2 network; the SOON Stack, which provides tools to deploy SVM-based L2 chains on popular L1 platforms; and the InterSOON cross-chain messaging protocol.

All of these technologies serve the general mission of enabling SVM-powered, efficient L2 networks on various L1 blockchains.

The key benefits SOON offers revolve around SVM's technical superiorities over EVM and other popular virtual engines used in the blockchain industry. Because of SVM, the Solana blockchain is well-known for its industry-leading throughput capacity and scalability, achieved thanks to multiple technological innovations, the most impactful of which is SVM's parallelized processing capacity. Unlike EVM, which handles all transaction processing via a single thread, SVM processes transactions by using many parallel threads, which significantly boosts performance and throughput. 

Additionally, SVM enables local fee markets that regulate gas fees based on the resources consumed by individual transactions. Transactions that utilize more network resources incur higher gas fees, ensuring fair pricing and helping to reducing congestion. Although complex transactions also incur higher fees in EVM, its global fee model forces all transactions to compete for block space in a single auction — often leading to inflated costs, even for simple operations. SOON's technology now expands these technological and cost benefits to other L1 environments.

SOON has taken the technical efficiencies of SVM to an entirely new level by introducing its 

 model, which separates the execution and settlement layers of the processing engine. The decoupling lets SOON-built L2 networks settle on L1 chains securely and efficiently, providing the perfect mix of SVM-powered performance and the security of chains such as Ethereum. As of the end of May 2025, SOON has implemented its decoupled SVM technology to allow settlement on two very popular L1 blockchains — Ethereum and 

 (BNB) — as well as the Ethereum-linked 

The SOON project was founded by Joanna Zeng in mid-2024, and introduced its Alpha Mainnet in January 2025. In late May 2025, the project debuted SOON, its native crypto token.

The SOON ecosystem is designed to provide a set of tools to easily launch L2 rollups on top of any L1 network. Rollup networks greatly improve transaction capacity, scalability and costs on blockchains. The Solana L1 chain has a lesser need for such solutions, thanks to SVM's technical properties, which ensure high throughput and low costs. 

On the other hand, because of their less efficient processing engines, networks like Ethereum and Bitcoin greatly benefit from using L2 chains. SOON's decoupled SVM model separates transaction execution and settlement layers. While SOON's SVM handles the execution layer, the final settlement of transactions is done on the host L1 chain. This brings the benefits of SVM to any L1 network.

The SOON Stack allows developers to launch rollups that utilize 

 (ZK) fraud proofs, which combine the properties of ZK and optimistic verification. This is a significant improvement over the typical fraud proofs utilized by optimistic rollups. In a typical optimistic rollup, fraud proofs are attached to blocks submitted to Layer 1. There's usually a time window (e.g., seven days), during which validators on L1 can challenge a fraud proof. If the challenge window is over, and no validator has raised objections, the transactions are finalized on L1. The typical seven-day window makes the complete finalization of transactions processed by optimistic rollups a slow process. 

In contrast, SOON's fraud proofs are enhanced with ZK validation, reducing the total processing window from a week to about a day.

Additionally, any rollup launched using the SOON framework can be designed in a fully modular fashion, with separate layers handled by different platforms. We’ve noted above that SOON rollups use the SVM as their execution layer, and an L1 network as the settlement layer. The third key component in any blockchain network, the data availability (DA) layer, is also externally handled using specialized data availability solutions such as EigenDA, 

The decoupled SVM is a key feature that lets SOON-based rollups enjoy fast transaction finalization on L1, high throughput and excellent scalability. To achieve complete decoupling of key functions performed by the SVM, SOON separates the block derivation procedure from execution. The basic design of SOON rollups is optimistic. In an optimistic rollup, the sequencer — the critical node that batches and organizes transaction blocks — requires data from L1 to construct blocks on the rollup/L2.

This derivation of data from L1 is what the SOON project calls the "derivation layer." In a standard optimistic rollup, derivation and execution are handled in a unified, monolithic fashion. In a SOON-based rollup, however, the derivation layer based on Optimism is decoupled from the SVM execution layer. This modular split has numerous benefits, including high performance, tighter security, greater flexibility and more efficient utilization of resources. 

Merkleization is the process of organizing blockchain data into 

 for secure verification. It's a critical part of blockchain data architecture. Solana's native Merkleization process has several limitations, including excessive complexity and slow proof generation.

The standard Solana Merkleization splits transaction proofs into many separate parts, and only updates the state snapshot every few days.

SOON has improved the Merkleization process by making state proof updates occur more frequently, and with more complete state information included directly inside the blocks. This allows validators to quickly and reliably verify the accuracy of the rollup's state at any point. It also results in more efficient state management and enhanced performance.

Horizontal scaling involves improving the capacity of a blockchain network by adding more machines/

. It's the direct opposite of the vertical scaling approach, whereby the network’s capacity is beefed up by making each existing node more powerful. Traditional blockchains rely mostly on vertical scaling to support their operations.

In contrast, SOON adopts horizontal scaling to support scalable growth, improved decentralization and flexible integration of additional network nodes. This model enables efficient load distribution across nodes, reduces single points of failure and allows the network to utilize more cost-effective standard hardware. As a result, SOON’s scaling effectively offers near-unlimited growth potential. 

The SOON Mainnet is the first rollup developed by the project's core team using the SOON Stack. It functions as a general-purpose L2 network that settles on Ethereum. Developed by the SOON team, the SOON Mainnet is a significant showcase of the framework's capabilities. It combines Ethereum's security with the decoupled SVM's technical efficiencies. 

Besides being an efficient Layer 2 for Ethereum, the SOON Mainnet is pivotal in bringing together the developer communities of Solana and Ethereum, two of the leading blockchain ecosystems. By involving Ethereum's vast developer community, SOON also aims to achieve the mass adoption of SVM technology in the blockchain world.

Launched in January 2025, the SOON Mainnet has grown to over 280,000 unique addresses by the end of May 2025. In addition to its SVM-powered speed and scalability benefits, the network boasts very low transaction fees, typically measured in tiny fractions of a cent. 

The SOON Stack is a comprehensive toolset for developers to easily build and deploy SVM-powered L2 rollups for any L1 network. While the SOON Mainnet is the most notable chain developed using the stack, two more rollups have been launched using the framework since late May 2025. 

One of these is svmBNB, which uses the decoupled SVM as its execution engine and BNB Chain as its settlement layer. The other one is soonBase, which settles on Base, one of Ethereum's most popular L2 networks. 

InterSOON is a cross-chain messaging protocol designed to facilitate easy communication and asset transfers between SOON Chains, which are rollups developed with the SOON Stack. At the underlying level, the protocol's cross-chain capabilities are powered by 

 (HYPER), one of the major players among cross-chain protocols.

Networks that integrate InterSOON for cross-chain operations can communicate via a standardized messaging system that eliminates the need for custom 

 procedures. When assets are transferred between InterSOON-powered networks, they stay in their original, native form. This helps avoid the liquidity fragmentation problem caused by bridging solutions that convert transferred assets into wrapped formats during cross-chain transactions.

 (DeFi) app on the SOON network that’s designed explicitly for 

. DeFi enthusiasts at all experience levels can enjoy a specialized set of tools to support their copy trading strategies. Simpfor.fun V2 offers one-click copy trading on the Hyperliquid crypto perpetuals exchange, comprehensive data analytics tools and personalized analytics on traders to help you choose your preferred 

. The platform also plans to introduce tokenized gold trading in the future.

 and core utility token. It acts as the native asset for the SOON Mainnet and other SOON chains. The SOON token is used for paying transaction fees on these networks, and is also used for governance. Token holders have the right to vote on critical issues related to the SOON ecosystem, including protocol upgrades, ecosystem fund distributions and other key matters.

SOON is also used for rewards to developers working on the ecosystem's growth. Additionally, the platform will introduce a SOON 

 mechanism to boost the performance and security of network operations.

SOON was launched in late May 2025, with an initial total supply of 1 billion. The token has no maximum supply limitation. Its supply allocation shares are shown in the image below.

Eight percent of the supply is allocated to airdrops and liquidity incentives. Now that the May 2025 launch of the SOON token has taken place, the project plans to allocate 1.5% of the total supply to incentives for Simpfor.fun V2 referrers. Specifically, streamers who use a Simpfor.fun link to attract traders to the platform through their video streams will be eligible for airdrop allocations.

The SOON token is available on Bybit as a 

 that allows you to trade the token with up to 50x leverage.

As of Jun 16, 2025, the SOON token is trading at $0.2079, a 64.5% drop from its all-time high (ATH) of $0.5857 on May 23, 2025, and an 12.5% increase from its all-time low (ATL) of $0.1851 on Jun 14, 2025.

SOON’s long-term price outlook is quite bullish.DigitalCoinPrice 

 the token to trade at $0.73 in 2027 and $1.09 in 2030, whileCoinCodex is 

 average prices of $0.267 in 2027 and $0.548 in 2030.

The SVM ecosystem is now supported by a new player — one that might help Solana's processing engine reach virtually any Layer 1 environment. The SOON Mainnet has already built a bridge for SVM to the vast world of Ethereum. Meanwhile, the svmBNB and soonBase ready-to-use platforms help developers accustomed to BNB Chain and Base utilize SVM (or more specifically, an innovative version of SVM in the form of SOON's decoupled SVM).

The SOON platform is still a new undertaking: the SOON Mainnet was launched only in January 2025, while the SOON token celebrated its market debut in late May. However, despite the project's novelty, the host of innovations that it’s introduced is already impressive.

Although many still view Solana's native SVM as the industry's top performer, wait until they find out about SOON's decoupled SVM, an innovation that brings Solana-like speeds and costs to virtually any Layer 1 blockchain.

Advanced

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SOON (SOON): The key to Solana’s cross-chain expansion

Altcoins

Internet Computer Coin has burst onto the crypto scene recently. In this article, we look at what's behind this emerging altcoin.

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The world of cryptocurrencies has shone a spotlight on the concept of decentralization more than ever before. Cryptocurrencies have introduced real-world concepts into a virtually encrypted world. The creation of 

 marked the infancy of a digital currency resembling gold. 

While Bitcoin served merely for transaction purposes, 

 later made daily life services possible in a decentralized manner. More importantly, the world of finance began to evolve into something much more efficient with the introduction of decentralized finance (

But these major innovations are only the beginning. A new invention that can change not only the concept of cryptocurrencies but also everything we have on the internet has been launched. That is the Internet Computer Protocol (ICP). 

The ICP is not merely a network. It can also be a profitable investment for cryptocurrency traders. To understand the potential of this relatively new project and how lucrative it can be for investors, we’ll learn about some of the main components that make ICP so unique, as well as what its future may entail. Let’s begin with some basic information about the Internet Computer.

The Internet Computer is a blockchain-based network that can run at web speed with the potential to “reinvent” the internet. The native token of this network is the ICP token. This coin serves as a utility token, and has several roles in the network. 

In terms of functionality, the Internet Computer is one of the most complex networks in the 

 market. Creators of the ICP plan to replace the current internet infrastructure, which is primarily private. The main purpose of ICP is to replace the centralized internet that people use today. 

 Chain Key Technology. This technology consists of other systems, namely those of Threshold Relay consensus, Network Nervous System (NNS), Internet Identity (IID), and a few more that we will cover shortly. 

The Internet Computer Network consists of 48 data centers around the world. Within these centers, thousands of nodes run, securing the network. These nodes form subnets when they are grouped. Subnets are considered blockchains in themselves, and have a 

The more tokens that are staked, the more you can be rewarded. The subset of nodes that are selected to validate transactions and be rewarded with tokens are chosen depending on the staked tokens. This technology is the first of its kind, and 

Similar to Ethereum, the Internet Computer Network supports the launch of decentralized applications (DApps) in its network. However, 

 are too simple to work on the ICP network, so the “upgraded” version of smart contracts in the ICP network is known as 

Canisters are able to replicate and update themselves in other subnets without the help of the host. These canisters run in the most powerful data centers of the ICP network. This is the reason why ICP can run at web speed, making it so efficient.

Additionally, unlike smart contracts, users do not need to pay gas fees for working with canisters, unless transactions are involved. The programming language of canisters 

Another feature of the ICP network is the Internet Identity (IID). Anyone who wants to purchase ICP tokens or use them for the services in the ICP network needs to create an 

When creating an IID, you also create a wallet for your ICP tokens. The device you use for creating the IID is going to be the same device you use for confirming transactions. Moreover, you can use that device to sync other devices within the same IID. 

Chain Key Technology, mentioned above, allows the subnets in the ICP network to communicate with one another. This is achieved through the Network Nervous System (NNS) of the ICP. So what exactly is this NNS?

The NNS runs in a hierarchy system. The first level is the data center level, where the NNS decides which nodes can join the network and which ones cannot. The second level is the node level, where the NNS is responsible for identifying underperforming nodes and removing them from the network.

The third level is the subnet level, where the NNS is responsible for deciding which nodes form a subnet, as well as generating subnet keys (public and private). The next level is the canister level, where the NNS decides whether canisters need to be updated or not. 

The NNS itself runs through canisters. The canister types in the NNS are ledger canisters, registry canisters and governance canisters. Ledger canisters contain all the information about the IIDs in the network. Registry canisters are involved in the organization of the network. Governance canisters are involved in the voting systems of the network.

The ICP token is the native utility token of the Internet Computer. The total supply of Internet Computer is around 470 million ICP. Currently, there are around 124 million ICP tokens circulating. The rest of the ICP tokens are planned to be vested in the upcoming years. 

There are three use cases of the ICP token in the ICP network:

To become a node in this ICP network, you should apply for a Data Center ID (DCID) in the Network Nervous System (NNS). You should get a hold of the machines required, install the required protocols, and link your node with the network.

The Internet Computer was created and launched in 2016 by DFINITY Foundation, which is a non-profit organization. DFINITY is based in Switzerland, and is composed of some of the best crypto experts, computer scientists and programmers in the world. Some of them have previously been involved in various projects for companies such as Google, YouTube and AsicBoost.

The expertise at DFINITY has established enough credibility for people to realize that what they are working on is a very serious project. The founder of DFINITY is Dominic Williams, an entrepreneur and an early engager in cryptocurrency communities for the likes of Bitcoin and Ethereum.

Prior to starting DFINITY, Williams was president of String Labs and was also part of many crypto-based startup projects, helping him acquire the experience needed to devise Internet Computer.

To develop the project, DFINITY held Initial Coin Offerings (ICO) which raised a sufficient amount of money. In their first public ICO in 2017, 25% of ICP tokens were sold for around $4.1 million. Most of the investors in this public ICO are believed to be people from the Ethereum network.

The first private ICO was in 2018, when 7% of the ICP supply was sold at a total of around $20 million. The second private funding of the Internet Computer Protocol took place later that year, in which 5% of the ICP supply was sold for a total price of around $105 million.

The rest of the ICP tokens were allocated to the DFINITY team. The tokens allocated on the public seed sale are planned to be vested monthly in the next four years. Overall, the funding of ICP turned out to be a huge success, as more than $120 million was raised.

The first real development of ICP was marked with their Copper release, when the software developer kit (SDK) and the programming language Motoko were launched. This was done in the fourth quarter of 2019. In the first quarter of 2020, Bronze marked the second phase of development.

This introduced the first decentralized application on the network, titled LinkedUp. LinkedUp was a networking app, resembling the LinkedIn app. The project was hosted by the World Economic Forum (WEF). Next, DFINITY’s Tungsten phase allowed third parties to develop more apps in the ICP network.

One of them was CanCan, a decentralized version of TikTok. After Tungsten came the Sodium milestone, which introduced the way that ICP is governed as well as other features. Last but not least, the Mercury milestone was marked when the network went public and the ICP token was released in the market.

ICP’s all-time high came on the very first day of its release, at a price of $640 on May 10, 2021 per CoinMarketCap. This was unusual, considering it was the first day of its launch. Investors started selling and the price dropped close to $250 on the same day.

Unsurprisingly, others bought the dip and increased the price again at around $550 by the next day. However, the price of ICP has been decreasing ever since. As of May 26, the price of ICP is around $130.

The price of Internet Computer (ICP) since its release in May 2021. Source: 

 is around 124 million ICP and its price is around $130, the 

 of Internet Computer is around $16.5 billion. This makes Internet Computer a large-cap cryptocurrency and places it among the top 10 biggest cryptocurrencies in the market, based on market cap. The fully diluted market cap of ICP is around $62.3 billion.

Currently, there are several projects built on Internet Computer that have increasingly begun receiving attention.

 field, apps like Enso Finance, Tacen, and Sailfish have raised millions of dollars and are looking very promising for providing efficient financial services.

In the social fields, CanCan (the decentralized version of TikTok) was one of the first DApps to demonstrate that even social media can become a part of the Internet Computer. Other apps such as Distrikt (the rebranded version of LinkedUp), OpenChat and Capsule have also raised millions of dollars, introducing social media in open versions.

Lastly, in the infrastructure field, projects 

 Origin are starting to become fundamental in showcasing Internet Computer’s capabilities.

At the moment, there are around 200 members of the DFINITY team. They plan to double that number in the next five years, as well as increase their community.

According to the road map of ICP in the recent 

 article, the Internet Computer plans to become a solid alternative to today’s internet within the next decade. The article claims that, in the next 20 years, the Internet Computer plans to obviate the companies controlling today’s internet, such as Google, Facebook, Amazon and Microsoft.

Interestingly enough, as promising as this big project looks, it has received a lot of internet backlash. The reason: the team behind the Internet Computer has full leverage over what happens in the network, rendering it somewhat centralized.

Moreover, linking everything to an internet identity could end up removing the sense of autonomy that the internet and cryptocurrencies offer. So at this time it is uncertain whether people may keep supporting such a project, especially since it is connected 

 WEF and plans to be the only authority behind the future of the internet. Nevertheless, in the long run the ICP token is quite a promising investment.

The Internet Computer could prove to be one of the biggest technological innovations in the cryptocurrency era. It has captivated many people in crypto communities and is becoming a serious factor in the future of tech giants such as Google and Amazon. It has taken blockchain technology by storm. The future for ICP looks bright.

A Beginner’s Guide: What Is Internet Computer Coin?

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A Beginner’s Guide: What Is Internet Computer Coin?

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Compete for 2,500 USDT USDT Every Week

Grab Up to 5,000 USDT in Rewards