ICON (ICX)

ICON is a blockchain platform designed to allow independent blockchains to interact with each other, facilitating various industries such as finance, security, insurance, healthcare, education, and commerce Traders can all interact and transact on a single network.

What is ICON?

ICON (ICX) is known as the blockchain platform that aims to become the largest decentralized network in the world. To do this, ICON will allow other platforms to connect with each other through smart contracts. Some examples of platforms that are allowed to connect include organizations such as hospitals, financial companies, e-commerce sites, schools or any third-party intermediary providers; all can coexist and transact on a single blockchain network of ICON.

Outstanding features

What is the project trying to achieve?

The foundation of ICON is a blockchain of blockchains, a system that is independently controlled and operates on its own rules that allow blockchains operating on its platform to work and link with each other.

As for how it works, blockchains will be linked together through a common network called Nexus, with equal voting rights on this network. These blockchains will use the system's coin, the ICX token, to transact with each other. Each node has equal rights and the ability to comment on the adjustment of ICX transaction fees.

What is unique selling point?

Features of ICON

Payments and transactions

ICON provides a real-time currency exchange, settlement and trading wallet platform through a decentralized exchange (DEX). Users can use the ICON platform and ICX tokens in their daily lives through the ICON community network.

The ICON team has been building real applications for communities. In addition, ICON will benefit from “DAVinCl” – an artificial intelligence solution trusted by the largest financial institutions in the world.

Blockchain ID

Blockchain IDs are provided through smart contracts and can be used for verification in all communities.

Ability of extension

ICON is fully compatible with traditional Blockchains like Bitcoin or Ethereum, and all other Blockchain networks connected to the real world.

In addition, the ICON platform is a decentralized world with free communities. With that said, ICON is a decentralized network where communities with different governance structures can connect and interact.

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