Review on ICON by Yinka Yemisi
Icon the interchange block chain technology
It is an interchange block chain technology, it aim, is to link a number of various block chain like ethereum and Bitcoin into a sole project.
Another goal is to connect the whole world in established one of the largest decentralized networks around the world Centered around financial institutions, University, health care and big business.
How icon works
It used decentralized exchange to transfer, settle and exchange currency through a magnitude of various blockchain through the icon platform.
The icon republic is the only reason why various block chain communities can coexist on icon platform
Pros
- It is a one big network that contain various of block chain technologies able to interact and coexist with one another
- Icx coin can serve as intermediary currency for the icon platform to trade for potential services between various block chain communities
- It increase liquidity
Cons
- It popularity is going down recently as it is not hyped anymore as much as it was back then in 2017 and 2018
- For a beginner the project is hard to understand, in the world of cryptocurrency it is the most difficult to comprehend.
- They used to delay
New products
Comments (1)
May 11, 2020
Icon uses artificial intelligence for it's distribution policies offer a decentralized exchange by linking independent blockchain with it's token ICX, and delivers platform for new DAPPS. It is designed to connect various Blockchains by allowing them to interact with each other via smart contracts.
