Review on ICON by Douglas Cachazo
ICONO ICX: Blockchain network to interconnect block chains
The stumbling block for the blockchain arena is the lack of a standard and the little interconnectivity between blockchains and what is worse, connecting to the real world. When that happens in my opinion it will be the end of traditional banking and the emergence of a new financial world, this project as well as many others point in that direction, however I do not see an advance that indicates that we are at the end of the road, it is possible that if they unify criteria and share the work will be reached faster to the expected goal. This project had a good momentum but Korean regulations slowed it down, it must continue to move forward.
It has a public governance system and a protocol with proven artificial intelligence tools that allow the interconnectivity of the block chains and interact with the real world.
It is not developed in open source since it only supports certified partner developers, uses artificial intelligence languages and the strong part of the programming is in the object oriented language Phyton, one of my favorites. It is understandable since phyton allows the management of lists that can grow dynamically. It is very useful when working with multiple nodes.
The project is based on its ICX token which is based on its own block chain. It does not support mining since all its tokens were issued
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Pros
- Ambitious project to interconnect block chains
- Very clear objective and they are moving in that direction
- Good protocol and proven artificial intelligence tools
Cons
- Many similar cutting projects work separately
