Icon (ICX) is a cryptocurrency and blockchain platform that aims to enable the decentralized exchange of digital assets and services. The platform is designed to allow users to create and operate blockchain networks that are connected to the Icon public blockchain. The public chain is based on a loopchain consensus algorithm and provides a secure, reliable, and transparent infrastructure for decentralized exchanges, smart contracts, and decentralized applications (DApps).
The Icon platform is powered by its native cryptocurrency, ICX. This digital asset is used to pay for transactions, block production, and other services within the network. The platform also offers a variety of resources and services to help developers and entrepreneurs create and deploy their own decentralized applications and services.
Icon has a number of features that make it unique compared to other cryptocurrency projects. It boasts a high throughput, allowing for low-cost transactions and fast confirmation times. It also allows for smart contracts to be built on the platform, enabling developers to create a variety of applications and services.
The ICON project is backed by a number of notable investors, including the Korean government, major venture capital firms, and other institutions. It is also supported by a large and active community of developers and users.
Overall, Icon is a promising project that could revolutionize the way digital assets and services are exchanged and managed. With its high throughput and smart contract capabilities, it could be a game-changer in the decentralized finance space.