Review on ICON by Robert Frueh

Name: ICON
Item: ICON
Rating: 4

September 20, 2018

ICON’s primary goal of connecting separated blockchains into one overall…

ICON’s primary goal of connecting separated blockchains into one overall blockchain ecosystem requires a fairly complex setup. The proprietary loopchain technology is the core fundament behind the system, with loopchain being powered by Loop Fault Tolerance (LFT) consensus, which is intended to be faster and more efficient than most other Byzantine-based consensus algorithms – here’s a good LFT primer from a more detailed technical perspective.
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Pros

C-Reps act as the elected officials for individual communities. Communities vote for their C-Rep, and the Rep then has to take control of governing matters – such as transaction verification – similar to how delegates act within a Delegated Proof of Stake (DPoS) system – and they are rewarded with ICX in the same manner. C-Reps are not permanent positions and can be transferred.

Cons

Score, or “Smart Contracts on Reliable Environments”, ensures high-performance smart contract execution since it runs directly in real runtime but not a separate virtual machine, unlike other platforms such as Ethereum. It is “executed on a runtime based on a container separated from basic blockchain process, so the basic blockchain process can still function properly even if there is problem with Smart Contract”. Thinking as an investor I found given ICON Price Predictions not reliable so I took it to myself to study the matter and I have got few possibilities for ICON (ICX) coin in the near future. These forecasted possibilities are as under. These are the things that must be in the minds of investors as they should know everything about in what they are going to invest. If we try to scale the coin from its merits and demerits then I must say that it has a hand of merits and is also supported by well-known Business Firms renounced over the world.