Review on ICON by Davis Marvel O'cho
ICON - A large decentralized network
Icon is a decentralized system that links different blockchains. It allows other independent blockchains to communicate with each other without requiring the intervention of a third party, through its platform, the Loop. The project is quite solid and has enabled the ICX tokens to gain value quickly. it is currently trading around $ 0.26.
Icon also allows you to create dApps. The Icon network proposes to create an alias, ICONick to replace the default address of the wallet. This facilitates ICX transactions or exchanges. Icon is part of the Blockchain Interoperability Alliance project and shares a common interest in developing standards for all networks connecting blockchains.
Pros
- Icon has already established partnerships with various institutions. The project aims to connect cryptocurrencies to the real world and seeks to expand by connecting to all types of communities.
- According to the objectives of the project, regardless of the programming language of their source code, any blockchain can communicate with each other.
- ICON also has its own wallet to store your ICX.
- One of the peculiarities of the ICON protocol is the fact that you can staker its ICX tokens to different players in the ecosystem. As a Proof of Stake crypto, ICX holders can support network decentralization and earn interest on their tokens.
Cons
- Loss of many investors following the drop in the ICX market price
