Review on ICON by Killer Bean
Icon
Icon is a decentralized platform that focuses on smart contracts by using blockchain technology to link the various component of the crypto ecosystem. It allows various blockchains to interact with each other. It is a platform With tendency of being a good investment idea. It was launched in Korea in 2017. Its native token, ICX is supported on various exchange platform and institution. Amazingly, Icon's transaction speed is very high with over 10,000 transaction per second. The best way to earn more ICX reward is by staking as it is an alternative to mining. It uses the proof of stake algorithm to function.
Being an ICON user, you can vote easily by just staking ICX. You have to create an account then after logging in there will be an option for voting on the dashboard, then you can start staking your ICX, Remember that the more you stake the more your voting power. ICX tokens can be bought on Binance, Kucoin, OkEx and a few others. Its best stored in offline cold wallet storage like Nanoledger. Interestingly, since ICX is an ERC-20 token, you can also store ethereum there too. Icon is an innovative idea and has a possibility of becoming a cryptocurrency with high profit.
ο»Ώ
Pros
- It has a transaction speed of about 10,000 TPS
- It give users voting power
- it serves as a link among various blockchain
Cons
- ICX tokens are not mineable
