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In my opinion, ICX is a very good project and we can invest on its. However, as it is still developing and has notable competition, only time will only tell how well it will really perform.

Pros
  • - It is scalable and built to accommodate mass adoption. - It works seamlessly with other third-party blockchain networks. - It has strong institutional support. - It has a large expert team. - It has its own Mainnet and working products. - Its core technology is called Loopchain, which is a blockchain built to communicate with other blockchains and provide real-time transactions between enterprises through the use of smart contracts built on reliable environments (SCORE) and blockchain signature infrastructure (BSI). - The Loop Fault Tolerance consensus algorithm is used by the Loopchain to create consensus on the network faster than other common consensus algorithms. - Nexus is the central platform that each participating blockchain is connected too. It acts as an indirect-democracy where representatives of each blockchain cast votes and propose policies for the parent-network. It is similar to the internet, as a ‘network of networks’ it grants independent governance to different blockchains and provides mutual connections when needed. - A proof of stake algorithm allows ICX token holders to stake their tokens to earn a passive income as well as vote for representatives that will in turn vote for network decisions on their behalf. - ChainID is the world’s first blockchain-based joint authentication service based on ICON’s Loopchain to build a better digital identification system.
Cons
  • - It has a lot of competitors in interoperability networks including Aion, Interledger, and Ark. - It is restricted by Korean regulations. - For all of its achievements, it is still young and in development.

Wallet Coin: ICON has wallet support for user can hold coin Transaction: Like other coin, ICON can trade and be seen as a payment instrument on its own platform. Identifier: ICON has support for blockchain ID technology through Smart Contract that allows authentication, identification, digital signature to facilitate payment transactions and information.

Pros
  • The ICON team is extremely crowded, with many who have held important positions in large companies in Korea, and also have many years of experience in Blockchain and AI. ICON's future goal is to allow all ICON users to buy, identify, pay, or even use any of the services ICON is offering. owned. Currently, ICON is one of the co-founders with a good foundation, professional technical staff, clear planning and especially welcome from the community of big players.
Cons
  • When comparing ICON with other Blockchain, especially ETH and EOS, ICON is almost complete compared to the rest. However, this is only theoretical, but it is still a fact to wait for ICON to do what they wrote.

Revainrating 4 out of 5

Partnerships make up for one of the crucial factors for evaluating the…

Partnerships make up for one of the crucial factors for evaluating the technological capabilities of a certain network, as well as for evaluating the overall efficiency of the given platform. That is how ICON presents yet another reason that could help an indecisive investor or a crypto enthusiast to make up their mind and go for ICX platform. Given the fact that this P2P network holds a massive potential for all sorts of different industries, ICON has acquired more than a couple of strategic…

Pros
  • One of the greatest advantages of the ICON blockchain network is the fact that ICX makes up for an “all-in-one” ecosystem that represents a smart combination of peer-to-peer network, smart contract utilization and creation, and consensus algorithm. With this combination, ICON has acquired a massive technological potential that can be reflected in the fact that there are numerous investors interested in Korean Ethereum, given the fact that ICON can make up for a groundbreaking technology for hyper connecting people and business, with an easily scalable ecosystem for different industries, including financial industry, edicine, education, insurance and more.
Cons
  • In addition to promoting a groundbreaking technology when it comes to creating a perfect (or near perfect?) blockchain network, ICON stands out from the crowd due to the fact that smart contracts on ICX platform are running without the need of the VM, while simultaneously supporting live transactions with the support of LFT and BFT protocols.

The team themselves are doing an alright job at promoting themselves online, but they could certainly improve in this area. And, I would like to see them update their website to make it more relevant in ICON’s post-ICO phase. Having said that, ICON has recently announced they will be making some major changes to their media channels, and will be employing some brand ambassadors to respond to people’s questions on Twitter, Reddit, and other places. So, whilst this is an area in need of some…

Pros
  • They also have relationships with a number of cryptocurrencies, most notably with SBI Ripple Asia, who they intend to work with to bring Ripple’s cross-border payments solution to South Korea. Now, whether you like Ripple or not, this is a huge deal. That is because the SBI Ripple Asia consortium is made up of more than 60 Japanese banks that use Ripple’s technology.
Cons
  • From the people listed on their website (I counted 31 full time employees, plus 8 advisors who can add their knowledge and connections), it seems like one of the largest and most skilful teams I’ve seen with any cryptocurrency.

Revainrating 5 out of 5

despite being in its infancy, the market for blockchain technologies is…

despite being in its infancy, the market for blockchain technologies is clearly shaping up. This is shown by the active investing in the research and development of applied blockchain technology in non-financial sectors. The investors more often than not include such companies as IBM, Intel, Barclays and Deutsche Bank. Along with other companies of similar importance, these together created the R3 Fund, which sponsors the development of infrastructural application of the blockchain technology…

Pros
  • EOS is a blockchain platform, which mainly focuses on Ethereum scalability problems. Many users expect that it will be able to replace Ethereum. However, there are no major differences from Ethereum so far apart from the consensus algorithm. Besides, its smart-contract platform is based on virtual machines, such as Ethereum. That is why users must make sure that EOS is able to process massive transactions online.
Cons
  • Among project's direct competitors we may single out the aion.network project. Its team is working on a similar system to unite different blockchains into a single network. The project has presented a white paper only, and is not planning to hold an ICO. However, AION may be a notable competitor of the ICON network in the future

Top-tier insurance companies have launched an automated insurance-claiming service using Loopchain. Japan’s largest social media messaging app, Line, is working with ICON on a project called Unchain, for its 200 million users to interact with the blockchain Samsung is working with ICON on its new identity management project ‘Samsung Pass’. TRIVE VC is creating an ICON-focused curriculum at TRIVE’s programming schools in Southeast Asia. DAYLI Intelligence provides an artificial intelligence…

Pros
  • It is scalable and built to accommodate mass adoption. It works seamlessly with other third-party blockchain networks. It has strong institutional support. It has a large expert team.
Cons
  • A proof of stake algorithm allows ICX token holders to stake their tokens to earn a passive income as well as vote for representatives that will in turn vote for network decisions on their behalf. ChainID is the world’s first blockchain-based joint authentication service based on ICON’s Loopchain to build a better digital identification system.

ICON is approaching blockchain technology in a totally different way. Instead of creating a product and making clients adapt to it, ICON goes in and finds out the individual needs of the business they’re working with. This is something we haven’t seen very often if at all in the Crypto space. ICON’s impressive partnerships, and scalability for mass adoption coincides so well with what Blockchain 3.0 aims to achieve. But, most of these are very singular, isolated things, making it difficult for…

Pros
  • ICON operates in a more organised way than most other cryptocurrencies on the market, whilst their focus on Korean markets is a bonus given the country’s fondness for cryptocurrencies and attitudes towards new technology.
Cons
  • With something as ambitious as ICON, it needs a brilliant and highly capable team behind it. And ICON certainly does. There’s a range of experience in different industries, such as finance, engineering, and computer technologies, and I am confident that they can ensure a strong future for ICON

It connects blockchain networks together. dApp developers can service users and industries simultaneously. It has unique and innovative technology. It is one of the largest blockchain networks in the world

Pros
  • Jay Park is the Chief Technology Officer for ICON. Park has developed software for eye examination equipment, A.I.-based smart factories, and Korean cable television. Jay leads the development of coupling blockchain with artificial technology at ICON.
Cons
  • Its core technology is called Loopchain, which is a blockchain built to communicate with other blockchains and provide real-time transactions between enterprises through the use of smart contracts built on reliable environments (SCORE) and blockchain signature infrastructure (BSI). The Loop Fault Tolerance consensus algorithm is used by the Loopchain to create consensus on the network faster than other common consensus algorithms.

Revainrating 4 out of 5

ICON's development team consists of 39 individuals from the industry, A.I…

ICON's development team consists of 39 individuals from the industry, A.I, Engineering, Blockchain and Marketing. ICON's outstanding advisers include: Don Tapscott, a business manager in Canada, has built his career in promoting innovation and applying technology. Jason Best - a leading crowdfunding organizer of Forbes magazine. You can view the information of the members of the ICON establishment team below for more information on the final project.

Pros
  • ICON brings the Blockchain technology to our daily lives. ICON's research team has been building practical applications for real communities. In addition, ICON will benefit from "DAVinCl" - the artificial intelligence solution that is trusted by the largest financial institutions in the world. ICON provides a Wallet platform that can transact, pay, and exchange currency in real time through DEX. It can be used in our daily lives with community networks like banks, securities, insurance, universities and much more.
Cons
  • Currently, the ICX coin virtual currency has been listed on six currency trading platforms: Binance, OKEx, Huobi, Gate.io, COSS and HitBTC. In particular, the Binance floor is the largest trading volume ICON copper over $ 90 million in the past 24 hours

How Does ICON Work? Loopchain & LFT As previously mentioned, ICON is heavily based on theloop’s Loopchain technology. This is a blockchain utilising a unique consensus mechanism called Loop Fault Tolerance (as opposed to more traditional Proof of Work or Proof of Stake consensus mechanisms used in most other currencies), and it should allow for very rapid block times. As a result, ICON shouldn’t see the kinds of delays that can affect Bitcoin, Ethereum, and other currencies. I won’t go into…

Pros
  • What Is ICON? Many people have compared ICON to projects like Ethereum and EOS, but despite how great both of those currencies are, it’s kind of underselling ICON to compare them. This is because, whilst ICON does act as a platform that Decentralised Apps (DAPPs) and Smart Contracts can be built on, it does so much more than just that. ICON is a blockchain deigned to interlink many others, something ICON refers to as ‘hyperconnecting’. At the moment, we’re seeing the emergence of many blockchains, both public and private, aiming to disrupt various industries and serve numerous purposes, and this will only increase in the future as more people realise the benefits of blockchain technology. But, most of these are very singular, isolated things, making it difficult for one business to interact with another - something that could be beneficial for them. ICON want to allow for these different blockchains to communicate and transact information. It essentially wants to unify all of the existing and future blockchains used by various industries into one interconnected network.
Cons
  • Background Whilst ICON only recently ICO’d, it has actually been in development for about 2 years. Icon is based on something called loopchain, a blockchain technology developed by a South Korean company called theloop. theloop build private blockchains for various institutions, tailoring them to meet the exact needs of their clients. And now, with the development of ICON, they can connect all these private chains together. This gives ICON a brilliant foundation on which to build, because it begins with a number of pre-exisitng clients and connections established by theloop. Additionally, it means ICON can grow quickly, as theloop goes around to potential clients, discusses why they could benefit from using blockchain technology and being connected into ICON’s network, and then implement those solutions. The entire project is backed by a multi-billion dollar South Korean FinTech company called Dayli Finance Group, who are working together with 3 Korean Universities to make ICON a reality. DAYLI own theloop, as well as an Artificial Intelligence company called DAVinCI who will be working to integrate AI and Big Data technology into ICON (I’ll get on to why in a bit), and they set a non-profit arm called the ICON Foundation to assist in some areas of ICON’s development.

With such an auspicious project idea, a great backing team, pre-established company relations, and genuine innovations to the space, one can wonder what the actual negatives are for this kind of ICO. Two main issues, do arise however – firstly, are their ICO terms. While they’re not the most unfair that we’ve seen in the blockchain space, they are essentially capping their project at 90 Million USD. Again, while this isn’t as bad as some other projects in the space, and when compared to titans…

Pros
  • ICON, being a Korean project, will also naturally receive plenty of benefits and boons to their platform when compared to more international projects (such as Ethereum, who even despite their generalized focus, is in talks with Russian government agencies – clearly there is a lot of national interest in blockchain platforms) will get an advantage in their marketing and market saturation side. Korea is also one of the largest cryptocurrency markets to date, and one can make a good guess that the prideful Koreans will buy ICX tokens readily and easily as they become available.
Cons
  • With such an auspicious project idea, a great backing team, pre-established company relations, and genuine innovations to the space, one can wonder what the actual negatives are for this kind of ICO. Two main issues, do arise however – firstly, are their ICO terms. While they’re not the most unfair that we’ve seen in the blockchain space, they are essentially capping their project at 90 Million USD. Again, while this isn’t as bad as some other projects in the space, and when compared to titans such as NEO and Ethereum it’s a paltry pittance, it is still a generally larger funding amount than I would personally be comfortable with.

How to Purchase ICX The main way to purchase ICON is through Binance, either through trading bitcoin or ether. Binance currently has the largest volume of ICX trading and allows you to exchange ICX with BTC, ETH and BNB currencies. How to Store ICX ICON can be stored in any wallet that supports ERC-20 tokens such as Coinomi, MetaMask and Myetherwallet. ICON also has an official wallet service, ICONex, which enables users to create and manage multiple addresses. ICONex support ERC-20 compliant…

Pros
  • The ICON Technology The ICON Network allows anyone to create a new blockchain project and to link the new project to other existing projects to form a greater community through the ICON Republic. Community representatives, (C-Reps) connect communities to the Republic through the Nexus, a loopchain-based blockchain that provides the foundation for the Republic. Loopchain is a blockchain with smart contract features that allows individual communities to function independently yet as part of the greater blockchain ecosystem. Value is exchanged in real time through the ICON Republic with its own decentralized exchange (DEX). Unlike the focus on governance of the C-Reps, the DEX focuses on currency exchange, setting exchange rates using an AI model. The DEX uses ICON’s coins, ICX, as a currency for this exchange. Since ICON’s goal is to be a platform that links different cryptocurrencies, it offers its community the ability to trade currencies without having to use public exchanges such as Bittrex, Binance or Bitfinex.
Cons
  • The ICON Network The ICON Network allows anyone to create a new blockchain project and to link the new project to other existing projects to form a greater community through the ICON Republic. Community representatives, (C-Reps) connect communities to the Republic through the Nexus, a loopchain-based blockchain that provides the foundation for the Republic. Loopchain is a blockchain with smart contract features that allows individual communities to function independently yet as part of the greater blockchain ecosystem. Value is exchanged in real time through the ICON Republic with its own decentralized exchange (DEX). Unlike the focus on governance of the C-Reps, the DEX focuses on currency exchange, setting exchange rates using an AI model. The DEX uses ICON’s coins, ICX, as a currency for this exchange. Since ICON’s goal is to be a platform that links different cryptocurrencies, it offers its community the ability to trade currencies without having to use public exchanges such as Bittrex, Binance or Bitfinex.

For all its style, ICON is principally a decentralized applications platform with the extra element of interlinking different blockchains. It is an immediate contender to coins like Ethereum and NEO, however it has a more inclusive nature. Before we get into the qualities that set it apart from the previously mentioned platforms, how about we investigate how the platform functions.

Pros
  • It is basic to see cryptographic forms of money not as cash, but rather as devices – tools that encourage certain utilization cases which are supported by the common favorable circumstances of the blockchain. Digital forms of money are programmable conventions that can be tweaked to suit any number of requirements. This is the brilliance behind a platform like Ethereum, which numerous different coins have taken inspiration from.
Cons
  • What is ICON? ICON trusts that the world has just advanced into being separated not by nationalities, but rather by groups. Hospitals, business, philanthropies, instructive institutions, banks, insurance suppliers – these are on the whole groups who depend on each other to work. These are frameworks of specialist organizations that might perform better if they approached the information security and administrations given by related industries. ICON was established by the Dayli Financial Group, a $4 billion association, in 2016 and a large number of its team individuals have worked for the company before. However, the Dayli Group additionally possesses the Korean trade Coinone. ICON does not falter with communicating its plan to “hyperconnect” the world. Immediately, the conceptual in their whitepaper informs the peruser of ICON’s endeavors to conquer the difficulties of our information overwhelming world through the energy of blockchains. The company likes to utilize the therapeutic and insurance segments as cases of the practical estimation of ICON. At the point when an individual visits the doctor’s facility for therapeutic administrations and wishes for the treatment to be secured by his insurance, a healing facility on the ICON network can send the patient’s subtle elements related with the blockchain ID to the insurance supplier, who is additionally on the ICON network. This exchange will happen using ICON tokens, ICX.

Finally, the way ICON handles DApps are different – while on the Ethereum network, it’s required to use an EVM (Ethereum Virtual Machine) on a node, which can slow down the processing functions of that node. On ICON, DApps are executable files which run on local nodes that are directly benefiting from the execution of the DApp. There is no EVM, and while this isn’t directly specified, it’s likely that these DApps will be more function oriented and not be Turing Complete.

Pros
  • ICON has several key benefits that they will enjoy as they roll out their platform – firstly, they have a generalized product that can be used by various companies, entities, and individuals. This is a key step towards mass user adoption. ICON has at times been called the “Korean NEO”, for its similarities to NEO (which in turn was called the Chinese Ethereum). This is an auspicious label, as many people are flocking towards platforms that provide services and can create many “children” projects as opposed to specific tokens and assets.
Cons
  • ICON is a large team comprising of over 35 blockchain experts, advisors, managers, and financial professionals that will be working on the project. The team has already begun collaboration with several Korean organizations including major hospitals, life insurance companies, and other government-backed agencies.

What are the tokens used for and how can token holders make money? ICX is the currency for the ICON blockchain, similar to how Ether is for Ethereum. ICX tokens can also be used for the generation of other tokens within ICON. Since ICON also allows interchain communications, ICX is needed to transfer from one blockchain to another. As ICX is needed to perform various actions on ICON, the more usage ICON has, the more valuable ICX tokens should be. Opportunities The company is started by a…

Pros
  • What does the company/project do? The ICON Project aims to connect all the activities in a country through its own blockchain. It is creating an open source ecosystem that allows organizations like government departments, universities, hospitals, and financial institutions to interact without third-party networks that charge transaction fees or delay the process. ICON’s vision is to allow people to use ICX to pay for products and services directly to organizations that partner with the ICON Network. ICX will essentially be the currency that can be used in the real world for various products and services.
Cons
  • There are several key elements of ICON Network: A smart contract platform named SCORE. A consensus algorithm named Loopchain Fault Tolerance or LFT – ability to process large amount of transactions in real time. Multi-channel – transactions can be taken place on a channel basis by configuring separate channels for each task on a single blockchain network. Modular architecture – each module can be customized to ensure its high scalability. Delegated proof of stake consensus algorithm – community representatives (for example, a company in the insurance community) are incentivized for the activities generated within the community. Inflation – set at a maximum of 20% per year. Interchain – different blockchains can be connected with the ICON Network. Here is an introduction video of ICON (video is 2:10 long):

If all goes as planned, ICON could be integral to the real-world adoption of cryptocurrencies and formal integration of the blockchain into legacy businesses, enterprise, and markets. The project’s whitepaper hashes out how ICON would fit into established industries, including healthcare, education, business, insurance, capital markets, and so on. Individuals and entities could not only use ICON for data transfers and monetary transactions, but they could also use blockchain I.D. on the ICON…

Pros
  • ICON envisions a decentralized world consisting of free communities. ICON is a decentralized network where communities with different governance structures can connect and interact. ICON allows anyone to join the ICON Network by creating a new DAPP with independent governance.
Cons
  • The second Developers meet-up will happen in the first quarter of 2018. In the same time, it is expected that ICON will expand partnerships with blockchain networks. It is also planned to expand DEX reserve pool to most of major cryptocurrencies. The third Developers meet-up will be held in the third quarter of 2018. Expansion of U-coin pilot service is expected on 10 universities. Second service launch for Financial Investment Consortium will be held at the same period.

ICON technology ICON Blockchain technology was developed by Theloop and is a loopchain. It allows the verification of signatures without the intermediary of a third party. In addition, it serves the environment of executing smart contracts on the chain. The ICON white paper gives an example of its application in the real world: “A Korean investor should be able to trade Apple shares in real time with US equity investors. While a diabetes specialist in a Korean hospital can study…

Pros
  • The Group Daily Financial Group launched ICO in 2017 cryptocurrency ICON. This is a South Korean ICO that was very well prepared before launch. It should be noted that the total number of coins to be placed on the market is 400 230 000 ICX. As of January 24, 2018, it traded around $ 7.94 and its capitalization was about $ 3 billion.
Cons
  • The goal of ICON is to overcome the technological and commercial limitations faced by other Blockchains. Thus ICON will allow a real hyperconnectivity between all blockchain. What are the particularities of ICON? The motto of ICON is: “the world without a central point and the world where every point is a simple connection to other points.” ICON is therefore a cryptocurrency connector between them, via the different Blockchain. But it is also a cryptocurrency connector with the real world. As a result, ICON has implemented its own Blockchain technology and offers it to different industrial communities. For example, for capital markets, insurance, universities or health care. Thanks to the particularity of the ICON channel, these communities can solve existing inefficiencies and create links between different communities.

If you are a beginner in the digital currency world, it is recommended that you make your first buy via Coinbase platform. Coinbase is a user friendly online platform and under full regulation by the US Goverment making it one of the most favorable and safest platforms to buy cryptocurrency. Coinbase is the world’s most popular way to buy and sell Bitcoin, Ethereum, and Litecoin. You can make your purchase by a bank wire transfer and debit or credit card. There is a higher fee for the cards but

Pros
  • The target of the ICON network is to have a broad spectrum of usability, providing the option to use blockchain technology in daily lives. During the development process, the team behind ICON was focused on making a real world applications that could be used by real industries and businesses. ICON will utilize DAVinCI, the artificial intelligence solution that major financial institutions already have confidence.
Cons
  • The income from the token sale was divided straight forward. 20% of the income was given to the tech company for development expense for blockchain engine, DAPPs, artificial intelligence, etc. Additional 20% went to reserve 1 and 15% went to reserve 2. Reserve is divided into Reserve1 (ETH Reserve) and Reserve2 (Other Reserve) Reserve1 is required for DEX with Ethereum based networks, and Reserve2 is required for DEX with other non-Ethereum based networks.Second reserve received 15%

Payment & Exchange And A Decentralized Exchange: One of the core features of ICON is the ICON Wallet, which can transfer, settle, and exchange currencies in real time through a decentralized exchange (DEX). It can be used in our everyday lives within the ICON community – like for banks, securities, insurance, universities, and other organizations built on the ICON network. Scalability: ICON is compatible with traditional blockchains like bitcoin and Ethereum, but it’s also compatible with all…

Pros
  • ICON, found online at ICON.foundation, is a project that could change the way blockchains interact with each other. The ICON project is building one of the largest decentralized networks in the world.
Cons
  • Uses For ICON Some of the potential uses for ICON include for e-commerce, banks, hospitals, securities trading, insurance, and even universities. Today, ICON’s network already hosts communities with all of these institutions. The network hosts decentralized apps, or DApps, including blockchain ID and payment/exchange apps. ICON’s blockchain ID system can be issued by financial securities organizations, then used for verification in other communities. Ultimately, the systems built for one purpose – like for identity verification – can be utilized by other applications within the ICON network.

ICON provides a Wallet platform that can transact, pay, and exchange currency in real time through DEX. It can be used in our daily lives with community networks like banks, securities, insurance, universities and much more.Blockchain IDs are provided through smart contracts and can be used for verification in all communities. Open your next bank account in seconds. Students will be discounted without having a physical student ID.

Pros
  • ICON (ICX) is a new platform. Blockchain created new network đến mạng. ICON allows Blockchain to link to information via Smart Agreement. Organizations such as: universal education, hospital, company, any brand, any other party providing 3rd party can exist and trade on ICON network only.The largest currency trading platform in Korea. ICON has launched the sale of ICX Token from September 20 and ended on October 20, 2017.
Cons
  • Up to now, the ICON project has been under development for two years. ICON was founded by Dayli Financial Group, one of South Korea's Fintech companies worth $ 4 billion and Coinone owner