Everything You Need To Know about ICON (ICX)

What is ICON?

“Hyperconnect the World”

The ICON project is building one of the largest decentralized networks in the world.

ICON Network

ICON already boasts communities comprised of reputable institutions – banks, securities, insurance, hospitals, universities, and more. ICON’s decentralized applications (DAPPs), including Blockchain ID and Payment & Exchange, can benefit current and future communities.

For instance, Blockchain ID can be issued by financial securities community and be used for ID verification in all other communities. Likewise, ICX issued by hospitals can be used for payment & exchange in all other communities.

Use Cases

• Smart Contract

Blockchain ID
Blockchain ID is issued through Smart Contract and can be used for verification in all communities. Open your next bank account in seconds. Receive student discounts without showing physical student IDs.

• Decentralized Exchange

Payment & Exchange
ICON Wallet can transfer, settle, and exchange currencies in real time through DEX (Decentralized Exchange). It can be used in our everyday lives with our community network – banks, securities, insurance, universities, and much more.

• Character

Usability
ICON brings blockchain technology into our everyday lives. The team behind ICON has been building real-world applications for real communities. In addition, ICON will benefit from ‘DAVinCI,’ our artificial intelligence solution trusted by some of the largest financial institutions in the world.

• Scalability

ICON is fully compatible with traditional blockchains, such as Bitcoin and Ethereum, and also with all other third party blockchain networks connected to the real world. ICON blends the crypto-world and the real world to open and inspire new business possibilities and connectivity.

• Decentralization

ICON envisions a decentralized world consisting of free communities. ICON is a decentralized network where communities with different governance structures can connect and interact. ICON allows anyone to join the ICON Network by creating a new DAPP with independent governance.

Source: http://www.bombcoins.com/2018/01/what-is-icon-icx_26.html