ICON

ICON provides a solution to allow enterprise chains to transfer information with an aim to connect the world through blockchain technology where there is no centralized authority, reduction in transaction fees and real time stock trading from around the world.
Share:
Price
Basic
Initial release:
2017-12-18
Smart Contract Support:
Yes
Smart Contract Language:
Python / C++
Consensus Mechanism:
Delegated Byzantine Fault Tolerance
ICON101

What is ICON?

ICON provides a solution to allow enterprise chains to transfer information with an aim to connect the world through blockchain technology where there is no centralized authority, reduction in transaction fees and allow connectivity without agreeing to policies (e.g. VISA and Mastercard) and real time stock trading from around the world.

 

How does ICON work?

The ICON ecosystem consists of a community network comprised of different nodes with the same governance system (e.g. Financial Institutions, governments). The parties interact through Community Representatives who act as portals to the ICON Nexus (essentially this allows for decentralized governance by allowing the different portals and nodes to participate). The technology runs on a loop chain based architecture, which is based on a high-performance Blockchain that can provide real-time transaction on the basis of enhanced Smart Contracts.

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