Home Finance News Internet Computer Protocol (ICP) 22.17 Blocks Per Second Makes No Sense!

Internet Computer Protocol (ICP) 22.17 Blocks Per Second Makes No Sense!

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Internet Computer Protocol (ICP) reached a record high of 22.17 blocks per second.  Blocks per second is a metric that speaks to the speed of the Internet Computer.

Troll:  Or means less people are using it and the reason it’s speeding up?

Good question. The main reason is that because of Chain Key technology; many subnets can run in parallel, each with separate consensus but linked. So as more subnets were added, more blocks were added to the overall state. At the time, there are 21 subnets.

Losers:  It was one of the very bad currencies in investing, and unfortunately, it was one of my most significant investments, and my loss in it is great.

How much is your loss, Dude? I bought it for $230.  They used to say that it is a huge and good project, and I think this project is of no importance. Even if its price reaches $1,000, a project has no significance at all.

But the price is still 5 times less than where it was “born” into markets, and over 12x down from its high- comparable to its peers, that is really bad. Ouch.

That’s unreal compared with all other projects—even XPR, CELO, and ALGO, which are 1 block every 1-4secs.

The problem will be that if ICP cannot reach sufficient price levels to sustain itself over the upcoming bear-market next year when these other coins that are 20-40x their original prices they began the bull run at begin to capitulate, ICP will get absolutely REKT.

BTC is about 15-20% from ATH, ETH is approximately 20-30%, and alts like ATOM/FTM, to name a couple jumping 20% just today, are even closer to their ATH’s, while ICP ‘flounders’ at less than 1/10th of its ATH. I like the idea of the project- I hate the price action. Real.

SOL climbs from $20 to $135 from June to August, making a new high, while poor ICP, which opened on exchanges at $250, isn’t even close to $100- NOT the coin to be in right now.

Earlier this year, ICP reached a record low of 26.90$.

Technological progress cannot bring about an increase in currency prices. Why? At the moment, it’s +133.78% if you bought 2021-05-10, so you just bought it at the wrong time? Project might be excellent, but token performance is *

How to verify this outside your permissioned-network? Even having blocks is not a big deal. What is included in these blocks, i.e., empty blocks, again, how to verify this if anyone wants to is important.

 

 

 

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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