Presentation and definition of the crypto-currency Icon (ICX)

Presentation and definition of the crypto-currency Icon (ICX)

  • Name of the crypto-currency : Icon
  • Symbol : ICX
  • Where to buy ? Binance
  • Creation Date : September 2017
  • White paper of the Icon
  • Web Site Icon

A system for linking blockchains

Icon is a decentralised system connecting different blockchains. It allows blockchains are totally independent to communicate between themselves without requiring the intervention of a third party, through its platform called “The Loop”. The project is based on solid fundamentals, which have enabled the tokens ICX to rapidly gain in value. Icon also enables you to create decentralized applications, dApps.

The Loop

The platform aims to connect all the blockchains, regardless of the programming language of their source code. Icon works with a system of smart contracts, contracts to be intelligent. Thus, the different communities joining the network will be able to establish between them contracts, and to formalize it in the blockchain.

Partnerships

Icon has already established partnerships with different institutions : banks, universities, hospitals, etc. The project aims to connect the crypto-currencies in the real world and is looking to expand by connecting to any type of communities.

The features of Icon

The network Icon will create an alias, “ICONick” to replace the default address in the wallet. This allows you to facilitate transactions or exchanges ICX. Icon is part of the project BIA “Blockchain Interoperability Alliance” and share the common interest to develop standards for all networks connecting to the blockchains. With the other members of BIA -AION and Wanchain, Icon aims to bring together the efforts and research to create a standard protocol. The potential of this type of project lies in the possibility to extend the system infinitely in solving the problems of scalability and inter-communication between the blockchains.