ICON ICX Price

What is ICON (ICX)?

The ICON Network stands as a pioneering force in the blockchain realm, envisioning a future where blockchains seamlessly interact. At its core, ICON presents a decentralized framework, ensuring different blockchains, each with unique governance structures, engage in transactions devoid of intermediaries. This multichain bridging solution, powered by Blockchain Transmission Protocol (BTP), underlines ICON's focus on scalability, security, and agnosticism towards chain technology. Notably, ICON doesn't limit interoperability based on blockchain technology or the number of connections, serving as an inclusive hub that instantly integrates partnered blockchains, whether it's ICON's Goloop, Cosmos SDK, or Substrate.

Distinct from other bridging solutions, ICON's BTP enables cross-chain token swaps and broader messaging features like smart contract calls across blockchains. Its thriving ecosystem hosts an array of decentralized applications (dApps), encompassing DeFi protocols, NFT platforms, games, and more. Noteworthy is ICON's support for smart contract development in Java, catering to developers familiar with its performance, safety, and reliability. This approach ensures a broader developer base and promotes a more inclusive environment for blockchain innovation.

Moreover, ICON's secured by a delegated proof-of-stake (DPoS) mechanism, empowering stakeholders to delegate ICX tokens to registered validators for block production and governance. This DPoS consensus model not only facilitates passive rewards for stakers but also allows technical individuals to actively engage in network governance without the hassle of node setup. ICON's pursuit of wider adoption extends beyond BTP to other interoperability protocols, aiming to become an industry standard for seamless blockchain interaction. Powered by ICX, ICON champions decentralization, speed, and security in facilitating an interconnected blockchain landscape.

What is unique about ICON (ICX)?

ICON offers a decentralized framework fostering seamless interaction between diverse blockchains, emphasizing inclusivity, scalability, and secure cross-chain communication.

Who are the founders of ICON (ICX)?

ICON was founded by Min Kim, J.H. Kim, the former chief strategy officer of DAYLI Financial Group, and their team in 2017.

Who are the backers/investors of ICON (ICX)?

Major investors in ICON include Pantera Capital, Hashed Fund, Kenetic Capital, Korea Technology Finance Corporation (KOTEC), TS Investment and more.

What is the consensus mechanism of ICON (ICX)?

ICON operates on a delegated proof-of-stake (DPoS) consensus model where stakeholders delegate ICX tokens to validators for network governance.

Where can I buy ICON (ICX)?

You can buy ICON (ICX) on Binance, Gate.io, Bitget, BybitOKX cryptocurrency exchanges.