1 Level
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Review on ICON by Demi Jackson
Today, ICON’s network already hosts communities with all of these institutions…
Today, ICON’s network already hosts communities with all of these institutions. The network hosts decentralized apps, or DApps, including blockchain ID and payment/exchange apps. ICON’s blockchain ID system can be issued by financial securities organizations, then used for verification in other communities.
Pros
- Decentralized Governance: Like other blockchain-based platforms, ICON aims for a decentralized governance model. Each blockchain connected to the central platform (called Nexus) holds its own governance, and Nexus progresses discussions with an equal level of representation on behalf of each independent blockchain, functioning like an indirect democracy. With that in mind, Nexus also has features like representation channels, which can be used to propose policies and cast votes.
Cons
- ICON is led by KJ Eee, JH Kim, Jay Kim, Hoon Lee, and Min Kim. They’re all listed as members of the Foundation Council. The Korea-based team has an extensive background in computer science and engineering. They’re supported by dozens of other team members, all of whom are listed on the official ICON.foundation website.
