ICON Price today
ICON, also known as ICX, has a price today of 1,74$ and a market capitalization of 698.057.216$, which is 0,26% of the total. ICON has a total of 400.228.736 coins in circulation.
In the last 24 hours, the price of ICON has decreased -0,02$, which is -1,04% of its valuation.
What is ICON?
“Hyperconnect the World” by “building one of the largest decentralized networks in the world”, it’s the main motivation of the ICON project. For that, they are building such a platform with smart contracts that will provide individual blockchains to interact each other.
ICON is a network framework and a blockchain technology. It has its own cryptocurrency token called ICX. Dayli Financial Group, a Korean Fintech company found ICON which is currently valued $4 billion. It’s a South Korea based project that is seeking to “hyperconnect the world”.
ICON’s plan is to create such a platform where different organizations like educational, financial, healthcare, insurance, commerce industries, security and more can transact and coexist on a single network. All of them will be connected to each other with ICON’s loopchain technology.
Till now, a number of universities, investment firms, banks, insurance providers, and hospitals throughout South Korea are using ICON’s infrastructure. ICON has various blockchains. Each of them independent of each other, but they communicate with each other via same global Nexus blockchain.
- It’s scalable to private, public and other interchain blockchain networks.
- ICON’s core network has artificial intelligence and transparent governance system
- ICON’s blockchain technology is usable in the real world such as security firms, universities, banks, and
- ICON will provide Bancor protocol for its Decentralized Exchange.
ICON crypto currency runs on blockchain technology but it’s not like traditional blockchain technology. It’s a loopchain technology. ICON has created its own blockchain-loopchain protocol LFT- Loop Fault Tolerance. It’s an advanced BFT- Byzantine Fault Tolerance 32-based algorithm protocol. This makes ICON allow different blockchains work together independently in a loopchain.Visit website open_in_new
|Price in BTC||0.00028636 BTC|
|Current Supply||400.228.736 ICX|
|Total Supply||400.230.016 ICX|
|24h Volume (coin)||0 ICX|
|24h Volume (currency)||$0|
|Last updated||2018-06-23 08:51:59 +01:00 BST|
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