-0.15%

Market Change

$1 979 488 273 565.61

Total Market Cap

$183 441 227 591.66

Total Volume

17785

Cryptocurrencies

45 GWEI

45 GWEI

46 GWEI

Ethereum gas price

40.62%

BTC Dominance


ICON Project (ICX)
ICON

ICX -7.12%

24h Change

$1 014 017 291.04

Market Cap

$67 238 666.94

24h Volume

$1.5000

Current Price

Tech Specs

Last historical data: 2021-01-22T08:14:03.000Z

Decimal places: 18

Algorithm: N/A

Prooftype: LFT

Country origin: KR

Genesis date: 2017-09-19

Liquidity score: 53.341

Publi interest score: 0.006

Community score: 43.908

Developer score: 59.532

Coingecko score: 49.776

Market cap rank: 73

Coingecko rank: 54

Alexa rank: 259128

Bing matches: 0

ICON Project (ICX)

ICON is a blockchain technology and network framework designed to allow independent blockchains to interact with each other.

ICON is supported through a cryptocurrency token, called ICX.

ICON is a South Korean-based company that developed a blockchain technology and accompanying cryptocurrency token called ICX.

The company bills itself as an interconnected blockchain network, allowing participants in a decentralized system to “converge” at a central point. This is done by connecting a community to other communities through ICON Republic and Citizen Nodes.

While blockchains are most commonly associated with cryptocurrencies, enthusiasts point out other areas where the technology can be applied.

Any exchange of information can technically be added to a blockchain, though adding some types may not be cost-effective.

Transactions involving securities, currencies, business contracts, deeds and loans, intellectual property, and personal identification could be “tokenized. ICON’s blockchain is more like the Plasma or Ontology blockchain in that its purpose is to act as an intermediary between other blockchains and networks.

This interconnectability makes the ICON project worth keeping an eye on over the next decade. ICON sports its very own decentralized exchange.

This DEX sets currency reserves for each blockchain community so that ICON communities can exchange value in real time through the ICON Republic.

In this way, DEX complements C-Rep portals by establishing another gateway for ICON Communities to connect to the ICON Republic.

ICON is one of the largest blockchain networks in the world.

ICON has a proven track record and has progressed beyond the initial concept stage.

ICON already boasts independent blockchains comprised of reputable institutions in major industries - banks, securities, insurance, hospitals, universities, government and more.