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Loop Fault Tolerance1
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ICON is an interchain blockchain that connects various blockchains such as Bitcoin, Ethereum, and Qtum. First, ICX is used as an intermediary cryptocurrency. ICX enables transactions among different cryptocurrencies by determining the exchange rate through DEX Reserve. Second, ICX can be used as for DApp tokens U-coin, which is a DAPP developed by our blockchain team for Korean University Consortium, can be one of these use cases already in development. Another example - ICX can be a token for ICO platform like ERC-20.

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ICON Post ICO Rating Review

ICON is a decentralized network designed to connect independent blockchains. The ICON network is based on a proprietary blockchain technology (an open source project supported by the Korean government). ICON developers claim that their main objective was not to simply connect blockchain nodes, but to conduct a profound research of community-to-community connectivity. ICON’s initiative was to create a protocol (or cryptocurrency) that could be used in the real world within and between actual communities. The ICON network can be broken down into three key elements: ICON network components, connectivity, operation. The idea is that disparate blockchain communities (capital markets, various institutions, etc.) could be connected to form an ICON Republic through a linking Nexus network. The ICON network operates on a loopchain that can facilitate real time transactions based on enhanced Smart Contract. The network will be integrated with ICON tokens (ICX). It is a loopchain-based smart contract digital protocol, which will allow ICON participants to facilitate, verify and enact agreements. ICON operates on loopchain with following technical features: - LFT (Loop Fault Tolerance) is an enhanced BFT (Byzantine Fault Tolerance)-based algorithm that promotes faster consensus and ensures the finality of the consensus without the possibility of forks within the network. - SCORE, loopchain's own Smart Contract platform, ensures contracts to run directly in the node operation environment without a separate Virtual Machine. - Multi-channel feature allows multiple independent channels to be created within the same blockchain network to execute request, consensus, and Smart Contracts separately. - Tiered access system to differentiate access rights to nodes with different functions

ICON - Analysis & Research report - CoinCheckup.com

Algo. score rating 1.6/5 (#1594) 0% Open channels 78% Product Strength 5% GitHub Activity 34% Coin strength 0% Brand awareness 0% Social Media See attached PDF Analysis & Research report for more details. See https://coincheckup.com/coins/iconic for the most detailed data available on Ethereum.

icon - Hyperconnect the World

The ICON project is building a global decentralized network. In the ICON world, independent blockchains with different governances can transact with one another without intermediaries. Dozens of reputable institutions are already in the network. Anyone can create a new blockchain project and join the network.