Review on ICON by Evie Finch

Name: ICON
Item: ICON
Rating: 4

September 19, 2018

It connects blockchain networks together. dApp developers can service users…

It connects blockchain networks together.
dApp developers can service users and industries simultaneously.
It has unique and innovative technology.
It is one of the largest blockchain networks in the world
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Pros

Jay Park is the Chief Technology Officer for ICON. Park has developed software for eye examination equipment, A.I.-based smart factories, and Korean cable television. Jay leads the development of coupling blockchain with artificial technology at ICON.

Cons

Its core technology is called Loopchain, which is a blockchain built to communicate with other blockchains and provide real-time transactions between enterprises through the use of smart contracts built on reliable environments (SCORE) and blockchain signature infrastructure (BSI). The Loop Fault Tolerance consensus algorithm is used by the Loopchain to create consensus on the network faster than other common consensus algorithms.