1 Level
6 Review
0 Karma
Review on ICON by James Talbot
ICX is currently sitting at rank 23rd with a $1.4 billion Market Cap which may…
ICX is currently sitting at rank 23rd with a $1.4 billion Market Cap which may seem large however, many people speculate that we could see price rivalling that of top competitors such as Ethereum or NEO and could hit upwards of $50 by the end of 2018, of course this all depends on the rate in which the overall crypto market cap grows. ICO price was $0.11, today’s price is $3.83, and the all time high price is $12.47 which equates to an 11000% increase. I believe it will grow very fast
Pros
- Nexus is a loopchain based blockchain governance structure that essentially acts as a point of intersection connecting multiple networks together. This works in a very similar way as the Internet that connects every computer into one communication network by establishing ‘Networks of Networks’. Nexus guarantees independent governance to different blockchains and makes mutual connections only when they are needed. The diagram below illistrates the concept of ‘’Networks of Networks’’ that we see with Nexus.
Cons
- ICX is a parent-chain using a loopchain-based smart contract protocol that facilitates, verifies, and enacts a negotiated agreement between consenting parties within ICON acting as a point of intersection for a plethora of distributed applications and blockchains. ICON aims to fuel the real world adoption and implementation process that seems to be somewhat inevitable given the current banking and financial crisis. But it's not a big deal
