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Review on ICON by Bradley Callum
According to information presented by the company, the core of ICON called…
According to information presented by the company, the core of ICON called Nexus, is a multi-channel blockchain comprised of light client of respective blockchain.
It is based off of loopchain, testnet is already launched and mainnet is expected to launch in Q1 of 2018. Native ICX wallets for each platform will also launch around the same time.
Pros
- Payment & Exchange And A Decentralized Exchange: One of the core features of ICON is the ICON Wallet, which can transfer, settle, and exchange currencies in real time through a decentralized exchange (DEX). It can be used in our everyday lives within the ICON community – like for banks, securities, insurance, universities, and other organizations built on the ICON network.
Cons
- ICON claims to have “dozens of reputable institutions” in its network already. Meanwhile, anyone can use ICON to create a new blockchain project and join the network. You know how the internet brought together many different websites and protocols? ICON envisions a similar system – but for blockchain technologies. Their system is also built off the success of projects like Ethereum or Bancor.
