What is ICON (ICX)?
The Icon is a blockchain platform which connects several platforms as well such as Bitcoin, Ethereum, NEO, Ark, and Qtum. The Icon features “multi-channel functionality,” which means different types of information or data which are transmitted simultaneously through the network.
ICON (ICX): History
The Icon was formed in 2017 in South Korea. It is inspired by the idea of a “world with no center point and (a) world where any point is a mere connection to other points.” It is the money to finance the project and the Icon Foundation was raised by South Korea’s biggest ICO launch at the time. It was raised approximately $44 million in 2 weeks. On October 2017 Trading for ICX was opened. After that Icon was formed partnerships with businesses in several industries and also is ranked as top 20 cryptocurrencies by market cap a mere three months later.
How does ICON (ICX) work?
The Icon is worked by a novel algorithm which is called LFT. LFT is used for secure new blocks which are like Proof of Stake (PoS) models. The ICON Network blockchain is also called as the Nexus which includes 5 different “channels” or layers of data. They are as follows: Decentralized Exchange, Public Channel, Notary Channel, Reserve Channel, Representation Channel. Loop chain is the bottom layer of the network which incorporates data from the other channels. The role of Representation Channel is to give permission for votership that determines the governance of Icon. Each node in the Icon is playing different roles, capacities, and access levels.
How to buy ICON (ICX)?
To buy Stellar coins, you have to first create a MyEtherWallet (which can store any coin on the Ethereum blockchain, including Icon). After that, you can click ‘Download Keystore File’. Make sure to read and understand the warnings. Then you will be given a powerful encrypted private key to your wallet. Now you can open your new wallet. While opening you will see a long string of letters and numbers labeled ‘Your Address’. And finally, you will purchase the popular cryptocurrency Ethereum so that you can exchange it for Icon.
ICON (ICX) Price Prediction 2018
ICON price equal to 4.402 USD at 2018-02-12. If you buy ICON for 100 dollars today, you will get a total of 22.717 ICX. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-04 is 210.749 US Dollars. With a 5-year investment, the revenue is expected to be around +4687.61%. Your current $100 investment may be up to $4787.61 in 2022. ICON (ICX) price today is $4.41 and have the current supply of 381,495,014 ICX. The market cap value is $1,681,839,844, and the volume is marked as $72,446,300. ICON price prediction, ICON price forecast, ICON price and news, ICXprice forecast, ICX price prediction 2018, What is the price of ICON 2018.