The ICON is a cryptocurrency, completely based on the blockchain network, aiming to make it easy for blockchain software programmes to connect and interact through the ICON network. The current analysis of 2024 says that ICON investment is neutral, which means so far it is good for the present year (2024).
Icon has a cross-chain framework that can transfer tokens and other data between blockchains, which untangles the cross-chain development. Icon is different and considered unique from other cryptocurrencies like cryptonewsnavigator.com.
Unlike Bitcoin and other altcoins, Icon does not depend on mining to reach the consent and create new blocks within the network.
Company Details
- Founder: Min Kim
- Founded Year: 2017
- Headquarters: South Korea.
Key Features
Facilitates cross-chain transactions and communication.
Managed through the ICON DAO.
Rewards participants for securing the network.
Tools and resources for building decentralized applications.
Cross-chain bridge supporting multiple networks.