ICON

ICON

ICON ICX Rank #106

All about ICON (ICX) Token. Project explained, price and performance

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What is the ICON Network (ICX)? The ICON Network is a tier-one blockchain focused on building a secure, chain-independent, and scalable multi-chain bridging solution. ICON is a hub that connects associated blockchains with all other integrated blockchains via BTP. Blockchain Transmission Protocol (BTP) is ICON's core product and interoperability solution that supports cross-chain token swaps and more generic messaging features such as execution chain smart contract calls. Blockchains linked to the ICON ecosystem include Binance Smart Chain, Near, Harmony, Moonriver, Polkadot, ICE/SNOW, Ethereum, among others. ICON is a thriving dApp ecosystem, including deFi protocols (Balanced, Omm), NFT platforms (Craft), games, and more. Who are the founders of ICON Network? ICON Network was co-founded by Min Kim, former Chief Strategy Officer of DAYLI Financial Group, Korea's largest fintech holding company, and COO of Tapas Media, a US digital content distribution platform. He is also a Haas School alumnus. of Business from the University of California at Berkeley. Min Kim incubated ICONLOOP, ICON's technical partner. What makes the ICON network unique? Unlike other bridging solutions, ICON features an interoperability solution that is not limited by the underlying blockchain technology or the number of existing connections. ICON is a hub that instantly connects all integrated blockchains to the ICON ecosystem, regardless of whether it is built using Goloop, Cosmos SDK, or ICON Substrate. ICON's mission is to build a multi-chain future by integrating with existing networks and also facilitating the creation of new networks and connections through its interoperability solution, BTP. How is the ICON network secured? ICON is a Delegated Proof-of-Stake (DPoS) network, which means that most stakeholders delegate their stake in the network, in this case ICX, to registered validators who produce blocks and participate in governance. ICON's DPoS consensus allows non-technical stakeholders to take advantage of staking without having to set up a node or join a staking group. On ICON, ICX holders can stake and delegate ICX to P-Reps, entities that have signed up to participate in the governance of the ICON blockchain. This implementation of DPoS offers the best of both worlds: interested parties can earn rewards passively, while technicians who are really interested in building infrastructure and governing ICON can do so. The ICON blockchain is governed by Public Representatives (P-Reps). To become a P-Rep, a team or individual must go through a chain registration process that includes paying a registration fee of 2,000 ICX. After registration, a P-Rep can start receiving proxy in the form of ICX staking. Learn more: ICON Governance. Where can ICON Network (ICX) be purchased? ICX is available on Binance, Upbit, Bithumb, FTX, Uniswap (V2), BitStamp, and Gate.io.