Review on ICON by Olugbenga Ajayi
ICON integrates blockchains.
Icon , Korea largest loo ublic blockchain is reknown for it's goal of integrating blockchains. It recently announced it's new loop tolerance 2.0 (LFT 2.0.
Icon ICX is the eight most utilized blockchain globally. It is rated number 42 in terms of market cap and is the best performing token with over N100millon value during the 1st quarter of 2020.
Iconex is characterized with faster transaction, secure payment,band liquid exchange across multiple cryptocurrency. Icon provides it's users with a wallet ID known as Iconic. Iconic is a convenient wallet ID that allow user to phrase his own nickname instead of a long and complicated default wallet address.
Icon foundation recently signed an MOU with LCX and agreed on a long term strategic partnership that will make exchange of knowledge and sharing of insight on security token easier and faster.
ICON MARKET ANALYSIS
Icon ICX is currently selling at $0.271803, with market capitalization of $14,460,924 and daily reading volume of $31,300,115. It's circulating supply is 800,460,060 ICX with an all time high of $12,64 iin Jan 9th, 2018and all time low of $0.106937 in Jan 3rd, 2020.
ICON BLOCKCHAIN TECHNOLOGY
1. It uses DPOC(delegated proof of contribution}protocol for economic governance
2. It uses delegated proof of stake consensus protocol to run smart contract.
ICON FOUNDATION GOAL
To ensure the integrity and transparency if dif data shared between institution and companies and to move manual assets on heterogeneous blockchain without a centralized organization.
FUTURE OF ICON
Icon aims to become an interchain that connects multiple blockchain based on BTP technologies.
Pros
- Enjoy partnership with several institution
- It autonomous
- Enjoy support of Korean government
Cons
- No negative comment
New products
Comments (1)
May 15, 2020
Blockchain technology has recently emerged as a breakthrough technology with the potential to deliver some valuable properties such as resiliency, support for integrity, anonymity, decentralization, and autonomous control.
