Icon (ICX)

ICON is a decentralized network that enables different independent blockchains to communicate and interoperate effectively. Founded in 2017, the ICON network provides its own unique decentralized governance structure known as Loopchain. Loopchain has the potential and flexibility to connect an infinite number of blockchains. At its core, the ICON blockchain utilizes a smart contract system with communities, representatives, and nodes that form the ICON Republic – the name used to describe the entire ICON network.

ICX is the native token created for the ICON project. The ICX coin may be used to make payments, create new tokens, or launch new smart contracts. ICX’s distinct advantage lies in its utility in calculating the exchange rate between two cryptocurrencies. This is made possible through ICON’s decentralized exchange. The use of ICX for communicating between blockchains gives it an advantage over coins like NEO and ETH. Rather than being mined, ICX can be purchased and traded on major cryptocurrency exchanges.

Icon (ICX) To USD | ICX Conversion Calculator

What is Icon (ICX)?

The ICON network has provided many potential use cases for a variety of applications, from individual users looking to make payment transactions, to healthcare providers needing a way to share patient information across borders confidentially, to allowing countries to take a referendum or hold elections with secure and anonymous voting.

Icon (ICX) Market Price Ticker Chart

About Icon (ICX)

The team behind ICON has formed an interoperability alliance with Aion and Wanchain. Currently, ICON has received endorsements from the government of South Korea, where it was founded. And the ICON foundation, currently based in Switzerland, is actively promoting their blockchain interconnectivity network.