Review on ICON by Ellen Ries

Name: ICON
Item: ICON
Rating: 5

September 20, 2018

The ICON network aims to be highly usable, making it possible to utilize…

The ICON network aims to be highly usable, making it possible to utilize blockchain technology in daily lives. Throughout project development, the team has worked to create real-world applications to be used by real communities and businesses. ICON will also have DAVinCI, the artificial intelligence solution from ICON that major financial institutions already trust
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Pros

ICON also has an official wallet service, ICONex, which enables users to create and manage multiple addresses. ICONex support ERC-20 compliant tokens, which means ICONex supports every cryptocurrency that was created on the Ethereum network. You can create your own wallet only via a Chrome extension

Cons

The ICON network already exists, and the project has it growing even more to improve numerous functions. At the moment, just some of the communities on the ICON network include e-commerce, banks, universities, securities, insurance companies, and hospitals. The decentralized applications provide benefits for both these communities and those that will use the network in the future.