📃CryptoGuide📃#12^ICON by @atimk23

atimk23 (60)in #icon • 6 years ago

Hello fellow Steemians, today, a short preview about ICON. Enjoy reading.

ICON, often considered the "Ethereum of South Korea", is creating a blockchain platform that allows institutions to communicate and transact trough smart contracts. ICON already boasts a strong community of reputable South Korean institutions, including banks, hospitals and universities.

Based in South Korea, ICON is an enterprise focused smart contract platform with goals to "hyperconnect the world" trough blockchain technology. Often considered the "Ethereum of Korea", ICON sees a world where the exchange of money and value is not limited by the boundaries of industries and countries. ICON operates as a decentralized ecosystem, where there is no single authority of power. ICON believes that communities today are too separated, often relying on centralized organizations to facilitate communication and the exchange of value. This is where ICON hopes to make a difference, by connecting companies across industries and borders. Similar to Ethereum, the ICON platform supports decentralized applications. There are already operating Dapps on ICON such as blockchain secured IDs, decentralized exchanges and interchain communicators. ICON boasts communities comprised of reputable institutions, including banks, hospitals and universities, that can communicate and transact trough smart contracts. The ICON network will introduce features such as real-time Consensus Algorithm, Smart Contracts, Decentralized Exchanges and Light Client. These technologies are based on ICON's propietary blockchain engine platform called "Loopchain". Loopchain contains a feature called SCORE, which is a smart contract platform. Using SCORE, users can create a variety of decentralized applications. ICON will also implement 'DA VinCI', a trusted Artificial Intelligence solution, into their platform. Other features of ICON include consensus algorithm "LFT", Multi-Channel transactions and customizable modules.