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The capitalization of Internet Computer (ICP) increased by 16% in one session, which allowed the coin to return to the top 30 cryptocurrencies rating. The growth in the rate of the ICP service token during the entire first week of the new year is associated with the attention of investors to the almost linear growth of the scalability of this network.
Having started in May this year with the validation of 4 blocks per second, the Internet Computer blockchain has reached the current speed of 31 blocks per second, and this figure is constantly growing.
The linearity of scaling clearly proves the advantages of the consensus algorithm created by the developers of the startup DFINITY. They applied a modified PoS called the Threshold Relay validation mechanism, which uses the generation of a random number that determines the number of nodes to sign a block.
Internet Computer smart contracts also work more efficiently than on the Ethereum network, due to the division of their functions into two types: calling updates and calling requests. As can be seen from the ICP graph, the growth of the digital currency started two weeks ago and coincided with the launch of the Terabethia Internet Protocol, which linked the Internet Computer blockchain with Ethereum.
The bridge will allow investors to leverage the ICP token and network to scale ETH transactions. In the future, it will become a link for the transfer of assets if developers begin to form a full-fledged DeFi ecosystem on Internet Computer.
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