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Review on ICON by Lauren Richardson
Already being dubbed the “Ethereum of Korea”, the ICON (ICX) project is a…
Already being dubbed the “Ethereum of Korea”, the ICON (ICX) project is a smart contract protocol that wants to “Hyperconnect the World”. ICON aims to build an ecosystem of different blockchains in varying industries and communities, and in the process remove the need for expensive intermediaries. Over time, this should build up into a vast interconnected network, while being both faster and cheaper to manage than traditional iterations. In essence, ICON will allow smart contracts to interact across blockchains by being managed by a higher-level smart contract, based on so-called loopchain technology, as illustrated below.
Pros
- The coin is doing well and has a 10 digit market cap also it is from the listed top 25 cryptocurrencies Lots of world known business firms are joining hands with ICON coin Several institutions have started using the technology of ICX Investors have a high trust factor over ICX coin From the beginning, the coin has risen over 300% till now.
Cons
- ICON coin is originated from Korea, has signed an MOU with the Korea Customs Services after which recently the cryptocurrency has entered into an MOU with the world’s biggest Accounting Firm viz. DELOITTE (Deloitte Startup Advisory Group). Giant names in Corporates such as Samsung, Pantera Capital and others like LINE, Wanchai, Hyundai from Japan and several others.
