The ICON project is building one of the largest decentralized networks in the world
What is ICON (ICX)?
ICON is a unique blockchain design that was developed to act as a “network of networks.” It is popular due to its ‘multi-channel functionality,’ that means information or data are transmitted simultaneously through the network. By providing faster transaction times, an increased network capacity, the use of highly-customized smart contracts and advanced API functionalities, ICON gives improvements on bitcoin. It is secured as it has a classical model of consensus algorithms, employing a Delegated Proof of Stake (DPOS) system to maintain the blockchain.
ICON (ICX): History
ICON was developed in 2017 in South Korea inspired by the idea of a “world with no center point and (a) world where any point is a mere connection to other points.”Money to finance the project and the Icon Foundation was surged through South Korea’s biggest ICO launch at the time, which raised approximately $44 million in 2 weeks. Trading for ICX started in October 2017. ICON soon build partnerships with businesses in several different industries and was cited as a top 20 cryptocurrency by market cap a mere three months later.
How Does ICON (ICX) Work?
By using its loop chain platform, ICON connects an ecosystem of blockchain communities through the ICON Republic. As the name suggests, it works as the governing head for a federation of otherwise independent blockchain bodies. Communities are linked to the Republic at large through community representatives (C-Reps) that connect to Nexus, and this loop chain-based blockchain underpins the ICON Republic. C-Reps act as Portals for communities for interacting with Nexus and, by extension, other communities through the ICON Republic. Blockchains that use ICON can exchange currencies using the platform’s decentralized exchange (DEX).
How to Buy ICON (ICX)?
First of all, you need to create an ICON wallet to store your coins. You can use MyEtherwallet as it is the easiest and most convenient wallet option for storing your coins. Then set up a password for the wallet and if you forget this password, you might lose access to your coins. Then you can buy Ethereum by using Coinbase. Exchange it for ICON.
ICON (ICX) Price Prediction 2018
ICX can be a profitable investment option. ICON price equal to 4.482 USD at 2018-02-15. If you buy ICON for 100 dollars today, you will get a total of 22.312 ICX. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-11 is 163.938 US Dollars. With a 5-year investment, the revenue is expected to be around +3557.72%. Your current $100 investment may be up to $3657.72 in 2022. ICON (ICX) price today is $4.48 and have the current supply of 381,995,014 ICX. The market cap value is $1,709,847,882 and the volume is marked as $54,303,900. ICON price prediction, ICON price forecast, ICON price and news, ICX price forecast, ICX price prediction 2018, What is the price of ICON 2018.