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ICON (ICON)

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ICON (ICON) is a blockchain platform that is building a protocol that connects blockchain network together. Founded in 2017, the ICON Foundation wants to add a greater degree of decentralization in the blockchain space by making it possible for different tokens to work directly with each other, and access each other’s services and products. ICON also has Don Tapscott as an adviser, co-founder of the Blockchain Research Institute and  author of popular cryptocurrency book Blockchain Revolution. 

Research and development in inter-blockchain capabilities is particularly intense going into 2020, as startups and projects have realized that such a feature would mean greater liquidity, growth and quality for stakeholders in a blockchain network. 

ICON itself points to the example of the healthcare and insurance industries, an example commonly used in the media covering this space. Doctors and healthcare providers can refer to immutable, verified records of a patient that have been registered on the ICON network for the purposes of calculating insurance payments. These payments could then be used for any service on the ICON network like buying stocks or ether.

The ICON Foundation is focusing on this seamless use of data between blockchain networks. It is also open to permissioned networks.

The team employs a number of unique features to ensure a reliable and trustworthy network, and these have to do with its governance system, its transaction fees and SCORE operation, and its ICON Incentives Scoring System. The second refers to its transaction fee policy, and the third its consensus mechanism (Proof-of-Contribution) ands its reputation scoring system. The project’s yellow papers describe these in detail.

The team categorizes their development into 3 categories: blockchain, governance and services. The current focus, for each of these areas, is generally speaking ICON’s interchain protocol, its election and reputation system, and its key management and DEX services.


ICON (ICX) Get Ready For The Next Huge Rally

25 Jul 2021 1 minute read 0 comments moon333

  Support and resistance levels:The price action of the ICX coin is moving between the $0.60 support and $1 resistance levels. On the weekly time frame chart, we have 3 more resistance levels working as major resistances after $1. These resistance l...

ICON (ICX) Is Making Another Attempt To Breakout The Channel Right Now

15 Jul 2021 1 minute read 0 comments moon333

  Major resistance and support levels:On the weekly time frame chart, we have three major support and resistance levels. While moving towards the upside the price line faced strong resistance at $2.30 and after being rejected made another attempt an...

ICON (ICX) Is Going To Give One Of The Best Buy The Dip Opportunity

8 Jun 2021 1 minute read 0 comments moon333

  Hi dear friends, hope you are well and welcome to the new update on Icon (ICX) coin. This is one of my favorite coins that gives a lot of trading opportunities on the different time frame charts. This time it is again going to give us a wonderful...

CC294 - ICON The Interoperability Blockchain for DAPPS

4 Jun 2021 1 minute read 0 comments Chesatochi

ICON brings interoperability where you can communicate with many blockchains in one layer. You can use and interact with a DAPP on ICON and transact on two blockchains with the powerful interoperability feature. In this video, I share all the featur...

How to use Balanced with My Icon wallet-Tutorial

14 May 2021 1 minute read 1 comment Cryptosetups

Balanced is a DAO (decentralized autonomous organization) on the ICON Network that uses ICX as collateral to create tokens pegged to real-world assets. In this video I show you how to take out a loan on https://app.balanced.network/ with MYICONWALLET...

Eye on Icon-Weekly News 13/05- EP24 NEW Dapps announcement exclusive

13 May 2021 1 minute read 0 comments Cryptosetups

Eye on ICON - Weekly News Roundup (and exciting news from EPICX!) On this week’s episode of Eye on ICON, we bring back nBlaze to give us an update on EPICX (and he delivers some exciting news!). But first, we break down the latest news including upda...

ICONbet what is it? This animated explainer tells the tale!

11 May 2021 1 minute read 0 comments Cryptosetups

Here is a short animated clip explaining What Iconbet.io is and a little bit about their Token called Tap. Script below. You’ve probably heard of ICONbet, the first decentralised casino to launch and operate on the ICON network. ICONbet is a DAO tha...

Balanced on ICON-A brief animated explainer

7 May 2021 1 minute read 0 comments Cryptosetups

I have created this simple and brief explainer talking about Balanced.network The below is taken from the Balanced site: "Balanced uses the ICON Network, a blockchain well suited for the traffic of a DeFi platform. It boasts $0.005 transaction fees (...

Double It By Christmas

6 May 2021 5 minute read 0 comments Nicholas Maloney

  This is my personal portfolio with a goal of doubling my initial investment, the other main goal was and is to invest in solid projects with good long-term potential and I believe I have found projects that fit with in my criteria.    Cardano – Als...

ICX and BALANCED

28 Apr 2021 1 minute read 0 comments Valem1990

What is the new for ICON holders? "If you're looking for opportunity, look for the people who are being excluded and try to bring them in."  (Herb Kelleher)   Built on the ICON Network, Balance is designed to bring DeFi to the masses. It is a new p...