ICON (ICX)
What is EOS?
ICON is a first level open source blockchain and at the same time ICON is a smart contract platform that aims to connect unique blockchains. The stated goal of the project is to solve the problem of incompatibility between different cryptocurrencies and blockchains. Also, developers are constantly working on the introduction of cryptocurrencies into people’s everyday lives.
As the company points out, ICON already links many organizations with its MyID digital identity systеm. This list of organizations includes various investment firms, hospitals, banks, and dozens of companies in various directions from South Korea. The principle of operation of the MyID systеm is quite simple. It combines your accounts from various institutions and ties them into one application with which you can manage them all.
The ICON systеm uses Delegated Proof-of-Stake (DPoS) consensus.
Another thing worth mentioning is the convenience of ICON for developers. This systеm has a unique architecture and a close-knit developer community (ICON core cryptocurrency development team consists of 150 people), which makes it a good choice for releasing decentralized applications. Also, the ICON systеm supports a large number of blockchain token standards: IRC-2, IRC-3, IRC-16, IRC-31.
Now about the ICX cryptocurrency itself – it is used as an internal token of the ICON network. It can be used to conduct transactions and pay commissions for completed transactions.
ICX looks like a pretty solid cryptocurrency, according to its official website – it’s backed by large investment funds. This factor has a positive impact on its price. Also, this cryptocurrency is supported by the Korean government, which inspires confidence in the prospects for its further development.
ICON Mining (ICX)
ICON tokens cannot be mined. But users can get a new token after an annual discussion among C-Rep members.
How to buy ICON (ICX)?
You can buy EOS on one of the crypto exchanges where this cryptocurrency is traded or through a crypto exchange such as Leoexchanger!
ICON (ICX) price dynamics (USD)
As of August 2022, 1 ICX is worth approximately $0.2754. The total market capitalization is $253,196,402.
The price movement chart is shown below:
How to store ICON (ICX)?
According to the information provided on the official website of the ICON cryptocurrency, it is recommended to use one of the following crypto wallets for storage: Hana, ICONex, MyIconWallet.
More information:
