Trading ICON (ICX) on Beaxy

ICON team

ICON is the brainchild of DAYLI Financial Group from South Korea, which owes a major share of its success to Min Kim. Min is also a co-founder of the Swiss-based ICON Foundation that manages the key operations within the ICON project, such as its promotion and the development of the eponymous protocol.

To actually create the network, DAYLI established ICONLOOP, which then grew into a major South Korean software company that focuses on promoting widespread adoption of ICON’s loopchain and develops bespoke solutions for its numerous clients in the public and private sectors of the country, as well as the South Korean government itself.

The team at ICON features 8 advisors; 6 Foundation Council members, 13 blockchain department experts, 5 AI department specialists, and 5 more employees responsible for design, security, and marketing.

How does ICON work?

As you probably figured out by now, ICON is a highly complex protocol that would need an entire white paper to properly explain each and every one of its elements. This, we will focus only on the key aspects of the ICON Network – its consensus mechanism, the Incentive Scoring System (IISS), the governance structure, the DAPP ecosystem, and the Blockchain Transmission Protocol (BTP), the newly released technology that allows blockchains communicate with each other.

Advantages of ICON

ICON is revolutionizing the way we use blockchain technology in our everyday lives, with its team focusing on developing practical applications for real-world use cases. The team behind ICON utilizes the powerful artificial intelligence solution DAVinCI, trusted by some of the world’s leading financial institutions. Furthermore, ICON is fully compatible with some of the most popular conventional blockchains, such as Bitcoin and Ethereum, and also with other third-party blockchain networks. This allows ICON to bridge the gap between crypto into the real world, opening up a vast array of new business opportunities and connections.

The ICON network is committed to bringing the benefits of blockchain to a wide range of users and applications. The ICON team continues to develop practical applications for various industries and businesses and is preparing to integrate DAVinCI, a robust AI solution embraced by key financial institutions throughout the globe.

With its focus on decentralization and community autonomy, ICON network is fostering a new era of interconnectedness and collaboration, envisioning a wide interconnected net of communities with divergent governance structures that communicate and interact with each other over the network. The ICON network enables anyone to join by creating their own self-governed DAPPs.