Review on ICON by Gabriel Medina

Name: ICON
Item: ICON
Rating: 4

September 21, 2020

A network that seeks to connect us globally and solve problems of the blockchain blockchain

Icon is a platform that connects all cryptocurrencies in reality. There are many projects like this that focus on connecting cryptocurrency projects with everything that has to do with the real world. This project or ecosystem has been created with the function of breaking the problems that limit the exchange between technologies, institutes and other currencies of other countries. With this approach or objective, the development of a platform capable of interconnecting currencies, institutes, blockchain and cryptocurrencies began.

These are the possible elements that characterize this ICON network:

ICOn is a network where anyone can participate and connect to any blockchain, which is why it is decentralized.
Isolated communities will be able to connect and share on this network through its services.
This network has its own IC cryptocurrency that you can use for real-time payments and a protocol to connect to the blockchain.

ICON is designed and oriented so that the blockchains are in a real place. The objective or approach is that it serves as a bridge for the numerous projects that exist and the entities that want to use it.
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Pros

It has original and useful solutions for the future of cryptocurrencies.
It uses an algorithm called LFT which is novel.
This network has many possibilities and ways to connect the blockchain and other platforms.

Cons