Review on ICON by Loi Tran Quoc

- It is scalable and built to accommodate mass adoption. - It works seamlessly with other third-party blockchain networks. - It has strong institutional support. - It has a large expert team. - It has its own Mainnet and working products. - Its core technology is called Loopchain, which is a blockchain built to communicate with other blockchains and provide real-time transactions between enterprises through the use of smart contracts built on reliable environments (SCORE) and blockchain signature infrastructure (BSI). - The Loop Fault Tolerance consensus algorithm is used by the Loopchain to create consensus on the network faster than other common consensus algorithms. - Nexus is the central platform that each participating blockchain is connected too. It acts as an indirect-democracy where representatives of each blockchain cast votes and propose policies for the parent-network. It is similar to the internet, as a ‘network of networks’ it grants independent governance to different blockchains and provides mutual connections when needed. - A proof of stake algorithm allows ICX token holders to stake their tokens to earn a passive income as well as vote for representatives that will in turn vote for network decisions on their behalf. - ChainID is the world’s first blockchain-based joint authentication service based on ICON’s Loopchain to build a better digital identification system.