/biz/ - Business & Finance

Let me summarize why I think you should invest in ICP:

1. web speed blockchain (supports hundreds of thousands of tx’s per second)
2. unlimited scalability
3. chainkey cryptography enables cross-chain defi without the need for custodial services (this is huge)
4. trivially easy to integrate with existing web2 infrastructure (no need for wallet, digital id to use, no user has expenses etc)
5. Fully composable smart contracts makes it easy to leverage data and existing smart contracts for the creation of novel applications.
6. True world computer running on the blockchain (virtual machine with all the security guarantees of blockchain).
7. True decentralization (other blockchains may have more nodes, but they are hosted on private servers like aws and microsoft azure). The Internet Computer is truly decentralized among hundreds of geographically diverse specialized servers.

Other blockchains share these features, but none of them have all 5. If you would like more technical explanations of the technology talk to Diego Pratts or lastmjs.eth on twitter, they have a lot of good info.

Challenges to overcome in the near future:

1. Increase decentralization by improving node count and approving nodes on the waitlist (Badlands, etc)

2. Release working Bitcoin/Eth integration for canisters

3. Establish token standard for the tokenization of digital assets and defi

Remember, this is an L1 that has barely began to deploy it’s defi ecosystem, there is a lot of potential here for growth and other competing change are quite developed in this regard.