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Revainrating 4 out of 5

Launched in 2015, Ethereum was the first project to introduce the concept of…

Launched in 2015, Ethereum was the first project to introduce the concept of ‘Smart Contract’ in the blockchain world, opening the unforeseen possibilities of Decentralized applications(DAPPs). One of the decentralized apps that is a part of ICON Network is Blockchain ID, supporting new levels of protection and identification. Blockchain ID is issued through Smart Contract and can be used for verification in all communities. You can use it to verify your identity for broad spectreum of things…

Pros
  • Universities U-coin is a first blockchain cryptocurrency platform used by major South Korean universities. Students can charge cryptocurrency using Smart Vending Machines that can be used for day-to-day payments and transfers at school.
Cons
  • Hospitals Precision Healthcare Information System (P-HIS) is an initiative to boost data integrity and bolster inter-hospital data exchanges among leading institutions in South Korean healthcare. A milestone in medical information management, the project will culminate with development of H-sign, a blockchain-based digital signature system.

Revainrating 4 out of 5

ICON network’s bank community is currently developing a pre-paid digital…

ICON network’s bank community is currently developing a pre-paid digital payment system. It aims to implement digital account management, recharging/transfers, withdrawals, and digital-currency(DC) management system.

Pros
  • Insurance A consortium of top-tier insurance companies have launched an automated insurance claiming service using loopchain. This service allows the customer to easily claim their insurance without complicated procedures.
Cons
  • Securities 26 Korean securities firms launched the ‘Korea Financial Investment Blockchain Consortium’ in 2016, the largest blockchain organization for a single industry. In Q4 2017, we have successfully launched the world’s first enterprise blockchain service ‘CHAIN ID’, and a shared security system for ID theft. Application of our technology to the clearing and settlements is due for 2018.

Revainrating 5 out of 5

As the largest decentralize network in the world, ICON supported and backed by…

As the largest decentralize network in the world, ICON supported and backed by major financial institutions, as this was the great chances for itself in case popularious and the prices up.

Pros
  • ICON is a decentralized network more than a blockchain, support multiple blockchain through the industry world. The largest largest decentralized networks in the world, called Hyperconnect the World. ICON allowed users to settle and exchange currencies in real time globally as it was amazing. Support smartcontract, government services, open a new bank account, or even verify their age at events, all within seconds.
Cons
  • There are no significant cons found since ICON integrated loopchain platform module as it will connected through multiple blockchain.

Revainrating 4 out of 5

Smart contract Blockchain IDs are issued through smart contracts. You can be…

Smart contract Blockchain IDs are issued through smart contracts. You can be used to verify in all communities. Opening a new ID takes only a few seconds and you can get a discount. Payments and transactions ICON is based on the Wallet platform for real time transaction, payment and currency exchange via DEX (decentralized exchange). You can use it in your daily life with community networks such as banking, securities, insurance, universities, etc.

Pros
  • CON (ICX) is a great platform that allows Blockchain to interact with each other through smart contracts. The project wants to "connect the world" by "building one of the largest decentralized networks in the world." ICON has grown tremendously in the last two years. It was founded by Dayli Financial Group, a $ 4 billion South Korean Fintech company that also owns the famous Korean Coinone.
Cons
  • Total market capitalization reached $ 595,943,013, trading volume over the last 24 hours accounted for $ 28,247,500 and OMG total mining was 387,431,340 ICX.

Revainrating 4 out of 5

From the investment perspective, the business idea of the team, which is based…

From the investment perspective, the business idea of the team, which is based in the Republic of Korea, is generally interesting. They state that they are creating an improved version of already operating equivalents, which improves performance and efficiency for potential users. In any event the project is worthy of the community's attention, despite the uncertainties we identified from the viewpoint of its success.

Pros
  • Bancor provides a Decentralized Exchange (DEX), which makes it possible to make online cryptocurrency transactions on the basis of a fair price algorithm using Ethereum reserves. Bancor supports different business models, such as the ETF, by exchanging crypto-conversions on the basis of the reserves. Fees for transactions and speed limits resulting from operating on Ethereum are, nonetheless, a serious test for this service.
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.

Revainrating 4 out of 5

The main goal of the ICON project is to simplify the transfer of any…

The main goal of the ICON project is to simplify the transfer of any information between any nodes, and make it as accessible as possible. The team reasons that, as the introduction of mail services and then the phone and internet triggered the explosive growth of the global economy in the past, the introduction of a cheap and efficient blockchain-based network may give a new impulse to the development of the global community.

Pros
  • ICON Foundation is a decentralized blockchain-based network. It is designed to unite all currently existing independent blockchain networks with a single information channel. The ICON network will make it possible to connect blockchain systems such as Ethereum, Bitcoin, EOS and others. In practice, it will help integrate similar networks into the real economy to handle applied problems.
Cons
  • the project's documentation does not contain any detailed information about the marketing campaign or the the project’s global partners, which the team often mentions. The bounty program was only launched on August 25, 2017. That is why it is a little too soon to analyze how massive the project feedback is; official sources have no direct links to the team's LinkedIn.

Revainrating 4 out of 5

Different blockchains can connect to each other, using their protocols. There…

Different blockchains can connect to each other, using their protocols. There is full compatibility with popular blockchains like Ethereum and Bitcoin. Icon uses Artificial Intelligence to make sure there is a fair reward for all nodes sending their contributions to the Icon platform, and ensure the nodes do not have specific powers over policies that affect distribution. Icon intends to integrate various decentralized exchange protocols on its platform to ease the exchange of other currencies…

Pros
  • Icon is a decentralized blockchain-based network that allows for interconnectivity between blockchains, people, and countries. Icon boasts it has independent blockchains made up of prestigious institutions spanning big league industries. Icon intends to create a decentralized network that will allow different governance-backed independent blockchains to transact and interact with one another without any form of intermediaries. Transactions and operations made on the platform make payments with the platform’s cryptocurrency token which is the ICX.
Cons
  • The Icon network consists of different decentralized apps, and one of them is Blockchain ID. The Blockchain ID takes security and identification to a higher level. Members operating in financial security can use Blockchain ID for verification of IDs in other crypto communities. Smart Contracts is the channel through which blockchain ID works. The token presale which ended in September 2017 was able to raise 150,000 ETH. After the token launch, the ICX token did not go beyond $0.50 for over a month. By Christmas of the same year, it had crossed the $2 mark; furthermore, the value surged into the new year.

Revainrating 4 out of 5

ICON conducted their token sale from September to October 2017, where they…

ICON conducted their token sale from September to October 2017, where they successfully met their fundraising goal of 150,000 ETH. 50% of the tokens were available to the public for sale. 16% was allocated to the project’s reserves, 10% was set aside for the team, advisors and early contributors, another 10% for community groups and strategy partners, and the final 14% for the foundation.

Pros
  • ICON has developed its own consensus algorithm, called Loop Fault Tolerance, that supports Byzantine Fault Tolerance. LFT aims to improve performance by consolidating messages across the network. This method uses a technique called “spinning” to make selecting the primary node simpler. It reduces the number of nodes involved in consensus, thereby making the network more efficient and scalable.
Cons
  • Ranking 17 on Coinmarketcap with a total market cap of just over $3 billion (information correct as of time of writing), ICON’s value almost consistently increased over 2017. In the recent chaotic episode that has been taking place in the markets, its value has dropped from its market cap peak of $4.6 billion, but the forecast is good for the coin. The current value of the coin is $7.98 (as of January 19, 2018).

Revainrating 4 out of 5

Unique Governance æternity is governed by its stakeholders, meaning that miners…

Unique Governance æternity is governed by its stakeholders, meaning that miners, token-holders and other participants with a stake in the blockchain have the ability to make decisions together on proposed changes.

Pros
  • Consensus: ICON’s loopchain uses a Loop Fault Tolerance consensus mechanism, which is basically an enhanced Byzantine Fault Tolerance (BFT)-based algorithm that promotes faster consensus. The goal of Loop Fault Tolerance is to ensure the finality of the consensus without the possibility of forks within the network.
Cons
  • SCORE is an enhanced smart contract feature of loopchain. SCORE is designed to ensure high performance contracts run directly in the node operation environment without a separate virtual machine (M). SCORE can be easily deployed and created for various applications because it runs separate from the underlying blockchain processes.

Revainrating 5 out of 5

ICON is similar to Ethereum in that it is providing technology that is new to…

ICON is similar to Ethereum in that it is providing technology that is new to the crypto-space; while it is something that is met with derision in today’s crypto landscape, a comparison to Ethereum is simply the most apt. Developers and project leaders will have a bevy of options in the future when choosing to implement their blockchain projects, ranging from Ethereum to Tezos and now even ICON, who will serve their platform with unique features such as the ones described above.…

Pros
  • ICON is a South Korean blockchain project aimed at blockchain inter-connectivity through the use of their ICON network and several new innovations with regards to the technical approach towards blockchain in general. To summarize, ICON wants to decentralize today’s various services such as transportation, finances, real estate, and digital signature verification. ICON will build the infrastructure and platform for these services by using their new “loopchain”, a technology aimed to create “nexuses” where separate blockchains running on ICON can communicate to each other.
Cons
  • ICON’s approach is rather unique in the sense that they will not be a platform for decentralized applications – rather, ICON is attempting to give further flexibility and customization options to a project by essentially creating an entirely new blockchain that runs on the ICON network. This solves several problems that currently plague competitors such as Ethereum – for example, if you needed a high throughput asset that could handle many transactions at once, you would be limited by the Ethereum network, while on ICON, you are much more free to choose things like transaction times/tx fees/etc.

Revainrating 5 out of 5

From the investment perspective, the business idea of the team, which is based…

From the investment perspective, the business idea of the team, which is based in the Republic of Korea, is generally interesting. They state that they are creating an improved version of already operating equivalents, which improves performance and efficiency for potential users. In any event the project is worthy of the community's attention, despite the uncertainties we identified from the viewpoint of its success.

Pros
  • ICON will use the advantages of a decentralized infrastructure, such as the high security of transactions and the low cost of connection of multiple information flows around the globe. For example, the team describes an algorithm of their future network enabling Korean investors to trade Apple shares online in American stock markets, maintaining a low transaction cost at the same time. Medical researchers in Korean university hospitals will be able to work with data from patients with diabetes residing for example in Sydney and London
Cons
  • The main goal of the ICON project is to simplify the transfer of any information between any nodes, and make it as accessible as possible. The team reasons that, as the introduction of mail services and then the phone and internet triggered the explosive growth of the global economy in the past, the introduction of a cheap and efficient blockchain-based network may give a new impulse to the development of the global community.

Revainrating 1 out of 5

very strong community with few people still globally knowing project…

very strong community with few people still globally knowing project apprehended to be just more in this great currency market with no less novelty this being egalitarian to all currencies with large amount of coins in this vast mesque with seemingly low mind value must grow along with other currencies seemingly market low turnover.

Pros
  • community
Cons
  • similar on the market

Revainrating 5 out of 5

ICON's Global Appeal No institution would willingly compromise its autonomy…

ICON's Global Appeal No institution would willingly compromise its autonomy for any of the advantages described above, so ICON is built to ensure they don't have to. Every Community and DAPP on the ICON Network is independently managed, and free to choose its own currency, consensus algorithm, and other regulations as it sees fit. This means that a Bitcoin Community could continue to use Bitcoin within their Community, only switching to $ICX for transactions with other Communities on the…

Pros
  • The ICON Republic Blockchain Anyone interested in doing so may set up a “Community” or DAPP (Decentralized Application) on the ICON Network and freely interact with the other Communities and DAPPs there. It's essentially a giant network of networks that aims to help them all connect instantly and automatically, facilitated by a shared central ledger and token ($ICX).
Cons
  • It's about more than payments; ICON can automate and facilitate many kinds of transactions. For example, a student might automatically receive a student discount on a transaction using $ICX because their university Community added their student status to their Blockchain ID. Once the school Community is integrated into ICON, the student's ID can be verified instantly by any vendor on the ICON network the student is transacting with. Likewise, opening a bank account at a large bank is significantly expedited by a hub of Communities that provide all of the information the bank is looking for in one convenient place. ICON already has strategic partnerships with banks, hospitals, insurance companies, and universities in place to take these theoretical capabilities into the real world, giving the project an apparent leg up on most of its competitors.

Revainrating 4 out of 5

The ICON Project is an ecosystem of blockchain communities connected through…

The ICON Project is an ecosystem of blockchain communities connected through its proprietary ICON Republic Community. The Republic (aptly named after represented government) acts as a United Nations which allows each individual community to decide what’s best for its network while acting as an intermediary to keep them all functioning in relation to each other.

Pros
  • Loopchain: ICON’s central technology revolves around loopchain, described as “a high-performance blockchain that can provide real-time transaction, which is based on enhanced Smart Contract.” Loopchain is built for enterprise use, and the smart contracts can be customized according to operational needs. Most importantly, those smart contracts can also be linked to other distributed ledger networks over the ICON platfo
Cons
  • In fact, ICX tokens are ERC20 tokens that can be stored in any Ethereum wallet, but don’t confuse the tech with the Ethereum blockchain. ICON’s blockchain is more like the Plasma or Ontology blockchain in that its purpose is to act as an intermediary between other blockchains and networks. This interconnectability makes the ICON project worth keeping an eye on over the next decade.

Revainrating 5 out of 5

Where did ICON (ICX) come from? Icon is based off of loopchain, a distributed…

Where did ICON (ICX) come from? Icon is based off of loopchain, a distributed ledger that provides industry specific blockchain solutions. Basically what happened is that its ownner, 'Theloop' partnered with leading financial institutions, offering services such as common authentication system, settlement systems without intermediary agencies, and trading systems that offer real time trade matching.

Pros
  • What is ICON (ICX) ICON is designed to be a massive scale ecosystem, allowing different blockchains connecting to one another through their protocol. This means that universities, security firms, banks, hospitals and other private blockchains will all be able to share information through ICON's online ledger without intermediaries.
Cons
  • What is LFT (Loop Fault Tolerance)? LFT (Loop Fault Tolerance) is an enhanced BFT (Byzantine Fault Tolerance) 32-based algorithm with benefits that include faster consensus while ensuring the finality of the consensus without the possibility of forks within the network. In normal everyday terms this means... It rocks! Consensus essentially means agreement so this system has a way of ensuring all parties agree much faster than its competitors resulting in speedy high tech transactions and applications. If it still doesn't make sense, look at it this way, LFT supports faster consensus by creating a group among trusted nodes. LFT can accommodate diverse consensus structure by allowing such groups or nodes to freely determine the number of votes. This may still not make sense but don't forget, it rocks!

Revainrating 5 out of 5

ICX’s main exchange in terms of Volume (24h) is Binance which seems strange…

ICX’s main exchange in terms of Volume (24h) is Binance which seems strange considering this a coin based in Korea, well.. ICX isn’t actually listed on any Korean exchanges yet which ultimately provides a very bullish case. I expect we will see ICX listed on Korean exchanges like Bithumb, Upbit etc. throughout 2018 which should allow for a huge influx of new capital

Pros
  • ICON seeks to “Hyperconnect the world,” using their innovative Loopchain technology to build one of the largest decentralized networks in the world that is scalable for worldwide adoption. ICON has already established partnerships with big enterprise names in South Korea, boasting various well established financial institutions, insurance companies, hospitals, and universities on their resume
Cons
  • ICX is a parent-chain using a loopchain-based smart contract protocol that facilitates, verifies, and enacts a negotiated agreement between consenting parties within ICON acting as a point of intersection for a plethora of distributed applications and blockchains. ICON aims to fuel the real world adoption and implementation process that seems to be somewhat inevitable given the current banking and financial crisis

Revainrating 4 out of 5

Cryptocurrency is popular globally, but Southeast Asia is probably the largest…

Cryptocurrency is popular globally, but Southeast Asia is probably the largest booming market. When PCs and even smartphones were released, U.S. operating systems like Windows, iOS, and Android became worldwide standards. Cryptocurrency and blockchain technology are quickly decentralizing this and changing the way technology works globally.

Pros
  • Scalability: ICON is compatible with traditional blockchains like bitcoin and Ethereum, but it’s also compatible with all other third party blockchain networks. Thanks to this feature, ICON plans to blend together the crypto-world with the real world more effectively than other networks that just support a single blockchain.
Cons
  • There will be a total supply of 400,230,000 ICX tokens. The target amount of fundraising is 150,000 ETH. 1 ETH will buy you 2500 ICX. The developers are only accepting ICX for their token sale. The token sale is scheduled to start in October 2017, with a pre-sale taking place towards the end of September. Meanwhile, the ICON mainnet launch, the decentralized exchange launch, and the online/mobile wallet launch are all expected to take place before the end of the year.

Revainrating 4 out of 5

The digital currency objective of the icon is to provide a platform for all…

The digital currency objective of the icon is to provide a platform for all individuals in the financial, security, insurance, healthcare, education, and commerce industries to deal with and collaborate on a single network. ICON is a decentralized network where transactions are approved by a distribution office in the network itself, not by a centralized reference. This minimizes the participation of unnecessary intermediaries, which significantly reduces costs. In addition, decentralization…

Pros
  • According to the icon website, the digital currency project aims to create Hyperconnect the World by building one of the largest non-centralized networks in the world.
Cons
  • no cons

Revainrating 4 out of 5

ICON brings blockchain technology into our everyday lives. The team behind…

ICON brings blockchain technology into our everyday lives. The team behind ICON has been building real-world applications for real communities. In addition, ICON will benefit from ‘DAVinCI,’ artificial intelligence solution trusted by some of the largest financial institutions in the world. ICON is fully compatible with traditional blockchains, such as Bitcoin and Ethereum, and also with all other third party blockchain networks connected to the real world. ICON blends the crypto-world and the…

Pros
  • The ICON Project aims to build a decentralized network that allows independent blockchains with different governances to transact with one another without intermediaries. Anyone can create a new blockchain project and join the network. A new blockchain project is free to connect with existing projects and create new unique worlds, or blockchain multiverse. ICON itself can be viewed as both a living organism and an ecosystem.
Cons
  • It is not possible to buy ICON tokens ICX with traditional fiat currencies such as USD, EUR or GBP. To buy ICX you will first need to buy another digital currency such as Bitcoin or Ethereum. Most convinient way is to buy it via Coinbase using bank wire transfer or debit or credit card and then purchase ICX at an exchange like Binance.

Revainrating 4 out of 5

Today, ICON’s network already hosts communities with all of these institutions…

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.

Pros
  • Decentralized Governance: Like other blockchain-based platforms, ICON aims for a decentralized governance model. Each blockchain connected to the central platform (called Nexus) holds its own governance, and Nexus progresses discussions with an equal level of representation on behalf of each independent blockchain, functioning like an indirect democracy. With that in mind, Nexus also has features like representation channels, which can be used to propose policies and cast votes.
Cons
  • ICON is led by KJ Eee, JH Kim, Jay Kim, Hoon Lee, and Min Kim. They’re all listed as members of the Foundation Council. The Korea-based team has an extensive background in computer science and engineering. They’re supported by dozens of other team members, all of whom are listed on the official ICON.foundation website.