1 Level
6 Review
3 Karma
Review on ICON by Keira Potts
Several organizations are involved with ICON, one among them is ICON…
Several organizations are involved with ICON, one among them is ICON foundation which is a non–profit organization in Switzerland. This foundation will support the community and help them to led the token sale. Though, each coin has some advantages and disadvantages.
All the blockchain communities interact via ICON republic which provides the way to communicate with each other. Apart from this, each blockchain has a C-Rep which acts as a representative that handles the transaction discrepancies and these representatives are getting paid for their contribution.
Pros
- The team behind ICON coin It was launched by a Korean Fintech Company named as Dayli Financial group and it valued approx $4 billion and also they own the popular Korean exchange named Coinone.
Cons
- Basically, ICON coin uses the Artificial intelligence (AI) for distribution purposes and their aim to reach their goals via implementing AI to achieve full-time decentralization. Thus for that, Dayli Intelligence developed the algorithm named as DaVinci AI. They might get challenges while balancing the loads as they are allowing so many communities to communicate with each other which involves multiple blockchain communities
