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Review on ICON by Clara Upton
ICON’s ultimate goal is to build one of the largest decentralized networks and…
ICON’s ultimate goal is to build one of the largest decentralized networks and connect players from financial institutions, insurance companies, hospitals, and universities with a single network. For this reason, it is often referred to as the blockchain of all blockchains. The network was developed with the idea of providing the ability to link between different communities across countries and governing bodies and redefining the current economic system
Pros
- Being a country that is at the forefront of new technology, South Korea currently has the greatest level of cryptocurrency adoption globally. ICON, being the most advanced blockchain platform created in South Korea, has tremendous potential in achieving wide adoption in the country and abroad
Cons
- The main net token swap and the mobile wallet were scheduled to be completed in Q1 2018 but neither are finished yet. The token swap is basically ready now and is just pending exchange integration. Development of the mobile wallet is far less important in our view so we are not as concerned with the delay in its deployment.
