1 Level
5 Review
1 Karma
Review on ICON by Calvin Warriner
ICON technology ICON Blockchain technology was developed by Theloop and is…
ICON technology
ICON Blockchain technology was developed by Theloop and is a loopchain.
It allows the verification of signatures without the intermediary of a third party.
In addition, it serves the environment of executing smart contracts on the chain.
The ICON white paper gives an example of its application in the real world:
“A Korean investor should be able to trade Apple shares in real time with US equity investors. While a diabetes specialist in a Korean hospital can study patients in Sydney and London hospitals. “
Pros
- The Group Daily Financial Group launched ICO in 2017 cryptocurrency ICON. This is a South Korean ICO that was very well prepared before launch. It should be noted that the total number of coins to be placed on the market is 400 230 000 ICX. As of January 24, 2018, it traded around $ 7.94 and its capitalization was about $ 3 billion.
Cons
- The goal of ICON is to overcome the technological and commercial limitations faced by other Blockchains. Thus ICON will allow a real hyperconnectivity between all blockchain. What are the particularities of ICON? The motto of ICON is: “the world without a central point and the world where every point is a simple connection to other points.” ICON is therefore a cryptocurrency connector between them, via the different Blockchain. But it is also a cryptocurrency connector with the real world. As a result, ICON has implemented its own Blockchain technology and offers it to different industrial communities. For example, for capital markets, insurance, universities or health care. Thanks to the particularity of the ICON channel, these communities can solve existing inefficiencies and create links between different communities.
