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24 Review
33 Karma

Review on ICON by Francesco CANALE

Revainrating 5 out of 5

The ICON Project aims to build a decentralized network that allows independent…

The ICON Project aims to build a decentralized network that allows independent blockchains with different governances to transact with one another without intermediaries. ICON is a decentralized Network different from
the existing centralized networks. Transactions on the ICON Network are verified by a ledger shared within the community network itself, not 2.3.
The components of the ICON Network ae:
1) Community,
2) C Node (Community Node),
3) C Rep(Community Representative),
4)ICON Republic,
5) Citizen Node controlled by a centralized authority.
Icon has its token a loopchain based smart contract digital protocol that facilitates, verifies, and enacts a negotiated agreement between consenting parties.



Pros
  • The components of the ICON Network, team and community
Cons
  • It has many competitors

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