1 Level
24 Review
33 Karma
Review on ICON by Francesco CANALE
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
