What is ICON (ICX)?
ICON (ICX) is one of the most extensive decentralised networks in the world which aims to “Hyperconnect the World”. CON already boasts communities comprised of reputable institutions – banks, securities, insurance, hospitals, universities, and more. ICON’s decentralised applications (DAPPs), including Blockchain ID and Payment & Exchange, can benefit current and future communities.
ICON (ICX): History
How does it work?
By the use of loop chain platform, ICON connects an ecosystem of blockchain communities through the ICON Republic. As the name indicates, the ICON Republic functions as the governing head for a federation of otherwise independent blockchain bodies. So picture the ICON Republic like the United States with each ICON community representing a state. Communities are linked to the Republic at large through community representatives (C-Reps) that connect to Nexus, the loop chain-based blockchain that underpins the ICON Republic. C-Reps act as Portals for communities to interact with Nexus and, by extension, other communities through the ICON Republic. Blockchains that use ICON can exchange currencies utilising the platform’s decentralized exchange (DEX).
ICON (ICX): Unique Features
ICON implements artificial intelligence to manage reserve values and exchange rates, but it also uses A.I. to calculate the network’s Incentives Scoring System (IISS). As with Ethereum, anyone can use ICON to build decentralized applications (DAPPs) through its Nexus Public Channel. ICON Community is an individual blockchain or protocol with its governing system, while Community Nodes (C-Nodes) comprise the infrastructure of each community. C-Nodes are responsible for governing and maintaining their respective community’s blockchain. ICON is scalable, working to provide solutions for companies of any size. ICON will also have DaVinci, the artificial intelligence solution from ICON that major financial institutions already trust. ICON is also decentralized, following a growing trend ideal for free communities.
How to buy ICON (ICX)?
Binance dominates ICON’s trading market, accounting for just over 90% of its 24/hr volume. ICON’s other exchange, OKEx. Another way is to purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit/credit card purchase and then swap that for ICX at an exchange such as Binance. For that, you have to register at Coinbase. Coinbase offers the ability to purchase Bitcoin, Litecoin and Ethereum with a credit or debit card or by sending a bank transfer. The fees are higher for cards, but you will receive your currency instantly. It is more preferred that the Ethereum to purchase. The reason for this is that it has far cheaper fees than bitcoin for sending and the transaction also happens a lot faster.
ICON (ICX) Price Prediction 2018
ICX can be a profitable investment option. ICON price equal to 10.325 USD at 2018-01-10. If you buy ICON for 100 dollars today, you will get a total of 9.685 ICX. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-06 is 204.162 US Dollars. With a 5-year investment, the revenue is expected to be around +1877.31%. Your current $100 investment may be up to $1977.31 in 2022. The ICON (ICX) price today is $10.42 and a market cap value $3,946,255,968. It has marked a current supply of 378,545,005 ICX and volume $182,970,000. Altcoin News: ICON (ICX) altcoin news, ICON (ICX) altcoin mining, ICON (ICX) altcoin price, ICON (ICX) altcoin market cap, ICON (ICX) altcoin exchanges, ICON (ICX) Altcoins price today, ICON (ICX) price chart, ICON (ICX) altcoin mining software.