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Revainrating 5 out of 5

I personally believe, ICON is the one of the best and highest potential…

I personally believe, ICON is the one of the best and highest potential cryptocurrency projects of 2018. Their one and only target is becoming the biggest blockchain in the world. It will be possible if they appoint top level talent and the partnerships they have with Coinone and Ripple. In this way, it looks like their goal is realistic.

Pros
  • ICON's main ability is to make a bridge with public blockchains as like Bitcoin, Ethereum, Qtum, and NEO as like front coins. Which make this project high valuable and demand-able in everyone. ICON can to do this because it has a much different blockchain. As we know ICON doesn't follow traditional protocols that could be found in Ethereum or other cryptocurrencies. This new system uses its own proprietary LFT (Loop Fault Tolerant) consensus algorithm.
Cons
  • When we talk about ICON than it's become so hard to find out Cons! Already some blockchain advisor claim ICON as behave like NEO or more like Ark. But ICON always tries to compare it with Cosmos and Ethereum.

Revainrating 4 out of 5

ICON is a brand new crypto currency with great promise in the real world. As…

ICON is a brand new crypto currency with great promise in the real world. As it is still in its infancy, we advise you to follow closely its evolution which seems promised to a good future.

Pros
  • The goal of ICON is to overcome the technological and commercial limitations faced by other Blockchains. Thus ICON will allow a real hyperconnectivity between all blockchain. ICON has implemented its own Blockchain technology and offers it to different industrial communities.
Cons
  • Whole community and team is great and helpful, i don't think there is any major problem in this project.

Revainrating 4 out of 5

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.

Revainrating 4 out of 5

ICON currently works with a full range of partners spanning the security…

ICON currently works with a full range of partners spanning the security, hospital and higher education verticals. Its ability to partner with these different groups has brought wide adoption of blockchain and ICON. The company was also chosen by the Korean Ministry of Science and Technology to develop a payment system for student services around universities system called U-Coin.

Pros
  • The ICON team includes over 50 members with vast experience in the areas of blockchain, artificial intelligence, financial services and business is from South Korea. The head of the AI department is Sunghwan Kim, who has over 10 years of experience in data analysis and development, including experience in embedded systems, IoT, autonomous vehicles, simulation software, and big data processing systems. Distinguished advisors on the team include Yiseul Cho, a former Facebook employee with experience running her own blockchain lab, and Don Tapscott, a Canadian businessman who runs the world’ leading thinktank dedicated to understanding blockchain opportunities, The Blockchain Research Institute
Cons
  • The ICON Network allows anyone to create a new blockchain project and to link the new project to other existing projects to form a greater community through the ICON Republic. Community representatives, (C-Reps) connect communities to the Republic through the Nexus, a loopchain-based blockchain that provides the foundation for the Republic. Loopchain is a blockchain with smart contract features that allows individual communities to function independently yet as part of the greater blockchain ecosystem.

Revainrating 4 out of 5

Loopchain — At the core of ICON is loopchain. loopchain is a high-performance…

Loopchain — At the core of ICON is loopchain. loopchain is a high-performance blockchain that can provide real-time transactions based on two factors, SCORE (Smart Contract on Reliable Environment)and BSI (Blockchain Signature Infrastructure). SCORE is a smart contract provided by loopchain ensuring high-performance running in real time and executed based on a container separated from the basic blockchain process, so the basic blockchain processes at the core of ICON can function properly even…

Pros
  • Share Cryptocurrency is popular globally, but Southeast Asia is probably the largest booming market. When PCs and even smartphones were released, U.S. operating systems like Windows, iOS, and Android became worldwide standards. Cryptocurrency and blockchain technology are quickly decentralizing this and changing the way technology works globally. While this small handful of OS operators controls that digital layer, regional blockchains are being developed around the world for a variety of reasons. South Korea is a cryptocurrency tiger economy and Binance has now announced it will set up shop in the country in the new future. So South Korea is a big deal in the crypto news, but it’s not alone. NEO, for example, is a Chinese-based Ethereum. ICON is South Korea’s answer to both and one of the first Korean-based blockchains to gain support within the country’s borders. Tourist meccas like Singapore and Thailand focus more on value-based cryptos, but ICON is a development platform. With so many countries building so many blockchains, why are so many people betting the ICON proect will survive? We’ll answer that question in a minute, but first let’s review the performance of the ICX coin and ICO in terms of market cap and total supply.
Cons
  • ICON boasts independent blockchains comprised of reputable institutions in major industries. ICX is a parent-chain using a loopchain-based smart contract protocol that facilitates, verifies, and enacts a negotiated agreement between consenting parties within ICON acting as a point of intersection for a plethora of distributed applications and blockchains. ICON aims to fuel the real world adoption and implementation process that seems to be somewhat inevitable given the current banking and financial crisis.

Revainrating 4 out of 5

It’s an extremely ambitious project, but the team and backers behind it are…

It’s an extremely ambitious project, but the team and backers behind it are strong enough to pull it off. ICON operates in a more organised way than most other cryptocurrencies on the market, whilst their focus on Korean markets is a bonus given the country’s fondness for cryptocurrencies and attitudes towards new technology. Basically, I think there is a lot to love about ICON, and few downsides. As a result, I believe ICON is one of the best long term picks on the crypto markets right now.

Pros
  • One concern I’ve seen discussed in a few places is that ICON may struggle to expand outside of Korea. This could certainly be an issue, with language and cultural barriers perhaps inhibiting their growth, as well as the fact that by the time they shift their focus outside of their home country, there’s a chance competitors will be popping up. Whilst this is a concern, even if they solely existed in South Korea, it is a sizeable market place for them to have, and it still means there’s huge potential here.
Cons
  • ICON can issue ICX up to 20% of annual volume, which is pretty high. This could lead to a fairly significant devaluation in investors’ holdings. But, the total level of new ICX released each year is voted on by the C-Reps, who can decide any amount between 0 and 20%. It wouldn’t be in their interest to drive the value of the currency down too much, given it is being used to reward contributions to the network. As such, we have to trust they will be sensible with the quantity of ICX they issue, and they just allow enough to be released to keep up with demand and to fairly reward contributions

Revainrating 5 out of 5

ICON is shaping up to be one of the best and highest potential cryptocurrency…

ICON is shaping up to be one of the best and highest potential cryptocurrency projects of 2018. Their goal of becoming the biggest blockchain in the world is extremely ambitious and with their roster of top talent and the partnerships they have with Coinone and Ripple, it looks like their goal is realistic

Pros
  • Well most cryptocurrencies don't have ICON's ability to bridge public blockchains like Bitcoin, Ethereum, Qtum, and NEO. It is able to do this because it has a much different blockchain at the protocol level. It doesn't follow traditional protocols that could be found in Ethereum or other cryptocurrencies. The revolutionary new system uses its own proprietary LFT (Loop Fault Tolerant) consensus algorithm
Cons
  • Its hard to come up with a label for ICON. Some have described it as the NEO of Korea while others find many similarities between it and another cryptocurrency called Ark. However, ICON team members say that it can best be compared to a combination of Cosmos and Ethereum

Revainrating 5 out of 5

Having said that, ICON has recently announced they will be making some major…

Having said that, ICON has recently announced they will be making some major changes to their media channels, and will be employing some brand ambassadors to respond to people’s questions on Twitter, Reddit, and other places. So, whilst this is an area in need of some improvement, they are fully aware of this, and are doing something about it. in general very strongly about social networking. good!

Pros
  • I know there’s already been loads of content about ICON posted in this forum, but, since I’d already written this review anyway, I thought I might as well add one more thread about it. ICON is one of the most exciting and high potential cryptocurrencies to launch recently. With its mainnet launch coming up soon, I thought I’d take a look at ICON and review it. very good!
Cons
  • At the moment, we’re seeing the emergence of many blockchains, both public and private, aiming to disrupt various industries and serve numerous purposes, and this will only increase in the future as more people realise the benefits of blockchain technology. But, most of these are very singular, isolated things, making it difficult for one business to interact with another - something that could be beneficial for them. It's quite complicated

Revainrating 5 out of 5

The ICON Project aims to build a decentralized network that allows independent…

The ICON Project aims to build a decentralized network that allows independent blockchains with different governances to transact with one another without intermediaries. ICON is a decentralized Network different from the existing centralized networks. Transactions on the ICON Network are verified by a ledger shared within the community network itself, not 2.3. The components of the ICON Network ae: 1) Community, 2) C Node (Community Node), 3) C Rep(Community Representative), 4)ICON…

Pros
  • The components of the ICON Network, team and community
Cons
  • It has many competitors

Revainrating 4 out of 5

ICX is currently sitting at rank 23rd with a $1.4 billion Market Cap which may…

ICX is currently sitting at rank 23rd with a $1.4 billion Market Cap which may seem large however, many people speculate that we could see price rivalling that of top competitors such as Ethereum or NEO and could hit upwards of $50 by the end of 2018, of course this all depends on the rate in which the overall crypto market cap grows. ICO price was $0.11, today’s price is $3.83, and the all time high price is $12.47 which equates to an 11000% increase. I believe it will grow very fast

Pros
  • Nexus is a loopchain based blockchain governance structure that essentially acts as a point of intersection connecting multiple networks together. This works in a very similar way as the Internet that connects every computer into one communication network by establishing ‘Networks of Networks’. Nexus guarantees independent governance to different blockchains and makes mutual connections only when they are needed. The diagram below illistrates the concept of ‘’Networks of Networks’’ that we see with Nexus.
Cons
  • ICX is a parent-chain using a loopchain-based smart contract protocol that facilitates, verifies, and enacts a negotiated agreement between consenting parties within ICON acting as a point of intersection for a plethora of distributed applications and blockchains. ICON aims to fuel the real world adoption and implementation process that seems to be somewhat inevitable given the current banking and financial crisis. But it's not a big deal

Revainrating 4 out of 5

ICON have an outstanding team in all aspects; Advisors, Developers, Software…

ICON have an outstanding team in all aspects; Advisors, Developers, Software and Data Engineers, Business Analysts, AI Department, Security, Design and Communications, Marketing. I could write a whole article just on their extraordinary team and partners. very good!

Pros
  • ICON has already established partnerships with big enterprise names in South Korea, boasting various well established financial institutions, insurance companies, hospitals, and universities on their resume. South Korea is a country with a very clear demand for Blockchain technology with government officials and financial regulators openly supporting Crypto
Cons
  • ICON boasts independent blockchains comprised of reputable institutions in major industries. ICX is a parent-chain using a loopchain-based smart contract protocol that facilitates, verifies, and enacts a negotiated agreement between consenting parties within ICON acting as a point of intersection for a plethora of distributed applications and blockchains

Revainrating 4 out of 5

If the icon fails, Korea will be a big disgrace. The speculative breeze blows…

If the icon fails, Korea will be a big disgrace. The speculative breeze blows, and the government's embarrassing features and investment frenzy have only poured out strange funds, but I still do not want to see the icon, which is known as a well-known project, fail. For the trust of the domestic block chain industry, I hope that it will no longer work and develop well.

Pros
  • Icon is a block-chain platform that can launch various DAPPs through smart contract like Etherium, and is a project that is being developed to provide an interchain protocol that enables interworking with different block chains. Also called the Korean version of Etherium Icon Coin is a domestic financial group called the Daily Financial Group The company was launched on October 27, 2017. Using a block-chain-based distributed network We are using 3rd generation block chain technology, Transactions 100 times faster than etherium Secure payment and user-friendly UX / UI ICONEx created with a supporting program Wallet address ID unique to the transfer and exchange transaction You can use it conveniently if you have It is said that it provides ICO Nick service. Although it was described as Korean etherium, Since the ICO was held in Switzerland, The icon coin that must comply with the law is a block chain Based on technology, banking, securities, insurance, etc. Medical, university and enterprise. For the first time in Korea, where Internet technology has been developed, the ICON project was the first project that really understood the block chain and was really looking forward to it. The technical value of the interchain in this project is very great, and it has been well received by many investors, offering a variety of solutions for user convenience. I was impressed with the clean white paper and I could not help but invest in joining the famous blockbusters advisor Don Tab Scott.
Cons
  • I thought that it was a little overkill from the video of the sports car when the advertisement of the icon (ICON) was smooth and the advertisement of the money was a little too much. When it came to talk about the money, I thought that it should be a little careful. I think that the actual development capacity is not as good as the concept, and I think it was a very overrated project because of marketing.  Some of the partners and investors who have helped ICON in the past have also received bad evaluations and rumors, and as time goes on, they will not go out, I do not know how much I've poured into it, but I do not think I should be trying to make up for the fact that it shows less than the present level of development. I hope that the funds invested by many investors will not be meaningless. If we look at the development capability below the level we have shown so far, the speed of the project, and the explanations to the investors, I think the popularity of the past has been so bubbly, It is also doubtful. I am also worried that even if I achieve my goals, I may be left behind in the market competition.  

Revainrating 5 out of 5

ICON, currently ranked as the 22nd currency on the global coin

ICON, currently ranked as the 22nd currency on the global coin

Pros
  • Pros: Strong partnerships Experienced team from theloop/DAYLI Solving an important problem for the whole blockchain ecosystem Stellar advisors (Don Tapscott) Innovative LFT algorithm on working blockchain technology (loopchain) Support and hype from within Korea, a big crypto market
Cons
  • Cons: Delayed mainnet launch & token swap Communication from the team could be more consistent Lot's of competitors in the world of interoperability Suppressed short/mid-term potential due to Korea's regulations (ICOs, non-verified trading, etc.) Relatively high total token supply + max 20% annual inflation

Revainrating 5 out of 5

ICX is the digital currency which will be used to connect the different…

ICX is the digital currency which will be used to connect the different services worlds of crypto enterprises and will have a broader application beyond the current scope of cryptocurrencies. Is comprised of various institutions ranging from: financial institutions, insurance companies, hospitals, universities.

Pros
  • The concept behind it is revolutionary and has the potential to bring about a massive decentralized ecosystem. It is disrupting the blockchain itself from isolated and highly competitive and destructive independent frameworks; by connecting decentralized products with each other and to real-world applications; thereby, creating intercommunity network structures based off blockchain terminals. This project sees a use for hyper-connecting different existing solutions currently using blockchain.
Cons
  • There is still a long work to do.

Revainrating 5 out of 5

Congratulations to the whole team.

Congratulations to the whole team.

Pros
  • The vision of the ICON Project is to redefine the meaning of communities, and in doing so, introduce an era of decentralization. We envision creating a new world by connecting such communities. Communities today are commonly defined by its social and political functions and limited to the economic boundaries set forth by nation states. Through ICON, communities can go beyond and be free from traditional economic system and promote frictionless value exchanges with other communities, eventually resulting in maximum total utility of society. ICON is not limited to the real world, but it directly connects and communicates with the crypto world creating the most robust network that can scale without limits. The ICON Project aims to build a decentralized network that allows independent blockchains with different governances to transact with one another without intermediaries. Anyone can create a new blockchain project and join the network. A new blockchain project is free to connect with existing projects and create new unique worlds, or blockchain multiverse. ICON itself can be viewed as both a living organism and an ecosystem. ICON is a vision with a proven track record and has progressed beyond the initial concept stage. ICON already boasts communities comprised of reputable institutions – banks, securities, insurance, hospitals, universities, and more. A future with faster money remittance and frictionless value exchange of securities, medical records, academic data, insurance fees is within our reach. With ICON, we now enter into a world of true hyperconnectivity
Cons
  • commitment of everything

Revainrating 4 out of 5

Keep it up and congratulation for a job well done! You have faced a lot of…

Keep it up and congratulation for a job well done! You have faced a lot of challenges and overcome many obstacles to complete this task. Though the way was rocky and filled with difficulties, but you have done it very well. Good job and tons of best wishes.

Pros
  • Keep it up and congratulation for a job well done! You have faced a lot of challenges and overcome many obstacles to complete this task. Though the way was rocky and filled with difficulties, but you have done it very well. Good job and tons of best wishes.
Cons
  • No issues

Revainrating 4 out of 5

connect institutions together

connect institutions together

Pros
  • ICON’s blockchain technology is being applied in the real world such as banks, securities firms, hospitals, and universities. ICON is scalable not only to public blockchains(e.g. bitcoin, ethereum) but also private/permissioned, and other interchain blockchain networks. A transparent governance system and artificial intelligence (AI) guided incentive system is at the core of ICON’s sustainable network. Through the mutual trust earned with our system, C-Reps and Nodes will actively contribute to the ICON community.
Cons
  • the project progress' is slow

Revainrating 4 out of 5

Icon coin is one of the largest decentralized networks which provide a massive…

Icon coin is one of the largest decentralized networks which provide a massive platform that allows various blockchain communities to interact with each other all over the world via smart contracts.It connects people from different industries such as financial, insurance, healthcare, educational and other similar industries to connect over a single network and perform the transactions by using ICON’s loop chain technology.

Pros
  • Due to the interconnectivity, it makes an easier transfer of monetary values as well as sharing data between the available cryptocurrencies. - It allows each community to act as per their systems and policies while connecting to other communities on the network. - It reduces the involvement of unnecessary intermediaries while performing the transaction due to which transaction costs or fees are also getting reduced. - It aims to be available for the daily transactions to make effective use of it.
Cons
  • It might have some issues with the regulations. - They might get challenges while balancing the loads as they are allowing so many communities to communicate with each other which involves multiple blockchain communities. - One major issue could be Scalability as in the blockchain platform, everything is verified by other nodes which could be of the limitation for the transactions.

Revainrating 5 out of 5

Great future for ICON

Great future for ICON

Pros
  • Great Partnerships
Cons
  • not much progress in terms of price.

Revainrating 5 out of 5

ICON, a blockchain technology company based in South Korea (a friendly-cryptos…

ICON, a blockchain technology company based in South Korea (a friendly-cryptos Country). It's essentially a giant network of networks that aims to help them all connect instantly and automatically, facilitated by a shared central ledger and token (ICX). Anyone interested in creating a decentralized network may set up a “Community” or DAPP (Decentralized Application) on the ICON Network and freely interact with the other Communities and DAPPs there. This freedom to define separate regulations…

Pros
  • the ICX token still has great potential if it becomes the standard unit of exchange for even one major industry. If Korean hospitals adopt it to streamline their relationships with local insurance providers, those transactions alone would amount to billions of dollars in annual transactions. The developers of ICON have placed a clear emphasis on the token's practical use. And it's worth mentioning that the project is led by an impressive team of advisors, including Don Tapscott (author of the international best-seller Blockchain Revolution) and Jason Best (one of Forbes.com's 10 most influential people in 2017). ICON wallets have access to a Decentralized Exchange (DEX) that facilitates currency transfers and exchanges without relying on public exchanges such as Coinbase or Kraken. Most major cryptocurrencies are already available, including Bitcoin and Ethereum. This enhances ICON's universal appeal by allowing users to exchange ICX for nearly any other cryptocurrency whenever they want to. The ICON Republic blockchain also uses a Loop Fault Tolerance (LFT) consensus algorithm. This is an enhanced version of the Byzantine Fault Tolerance (BFT) algorithm that enables faster transaction processing while eliminating the possibility of a fork in the blockchain. It functions by allowing trusted nodes to form groups empowered to determine how many votes each participant receives, significantly expediting the process.
Cons
  • Current quotation understimated. There is still a long work to do. Project is at initials steps.