• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Blockchain
  • Bitcoin
    featured image

    A Beginner’s Guide to Bitcoin futures trading

    crypto traders 2021

    Top 5 Crypto traders to follow on Twitter in 2021

    featured image

    Everything you need to know about Bitcoin IRA

    featured image

    How Bitcoin can be hacked?

    featured

    A starter guide to Bitcoin Options trading

    Featured Image

    With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

    featured image

    Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

    featured image

    Why is Bitcoin a safe haven in a financial crisis

    featured image

    How to Make Money in Crypto When It Falls

    Trending Tags

    • Altcoin
    • Crypto Lists
    • Crypto Market
    • Guide
    • NFT
    • DEFI
    No Result
    View All Result
    • Blockchain
    • Bitcoin
      featured image

      A Beginner’s Guide to Bitcoin futures trading

      crypto traders 2021

      Top 5 Crypto traders to follow on Twitter in 2021

      featured image

      Everything you need to know about Bitcoin IRA

      featured image

      How Bitcoin can be hacked?

      featured

      A starter guide to Bitcoin Options trading

      Featured Image

      With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

      featured image

      Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

      featured image

      Why is Bitcoin a safe haven in a financial crisis

      featured image

      How to Make Money in Crypto When It Falls

      Trending Tags

      • Altcoin
      • Crypto Lists
      • Crypto Market
      • Guide
      • NFT
      • DEFI
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home Cryptocurrency

      Why you should buy icon

      Ramaa Mohan by Ramaa Mohan
      December 13, 2018
      in Cryptocurrency
      0 0
      0
      buy icon
      0
      SHARES
      ShareTweet

      In 2009, with the release of the first bitcoin, the world reckoned a new era in technology. An era that focussed on returning the power back to the user from the facilitators and the removal of central points of control. The advent of the cryptocurrency market and its underlying technology; the blockchain, came at a time when the world was discontent with the amount of centralisation that the financial structures across the world had and continues to have.

       

      The technology resonated with the frustrated world’s need for decentralisation and gave birth to a market that is now booming. Around the market was born an industry that focussed on creating solutions using the blockchain for problems that have existed for decade. For example, health records management, data control, social networking, etc.

       

      But the major flaw that all of these projects and companies had was the fact they all focussed on making their platforms decentralised instead of functional. They had the technology under control, but lost sight of the product’s functionality and real world use cases.

       

      To  tackle this particular problem, ICON is working on integrating, first the plethora of separate blockchains with one and other and secondly the blockchain with our day-to-day.

       

      The ICON Foundation

       

      The ICON Foundation is an integration platform. The foundation’s aim is to provide an ecosystem and platform for blockchains that function on different protocols and under different governance methods, to interact and transact with one and other. By providing this ecosystem for these separate blockchains, ICON is introducing open communication and interoperability to the world of separate blockchains.

       

      The world of decentralisation has broadened the horizon of how the internet and its internal networks should look. It is no longer a network to have a central node to function and that is exactly what ICON is using advantage of.

       

      The ICON foundation is building an ICON platform that essentially connects the world of blockchain by bringing them under one umbrella. The ICON platform allows blockchains that function under different protocols and governance models to communicate and transact with each other. While doing so, the ICON platform also has a huge focus on the real-world use cases of the blockchain, which at this point in time is quite low.

       

      Bringing all the blockchains of the world under one umbrella brings back the question of centralisation. Because the platform is owned by the company and it logically makes them the sole point of control. but to tackle this possible formation of a monopoly, ICON implements a community ledger.

       

      The community ledger records all transactions within and among blockchains and keeps a chronological record of events. The community ledger is owned, updated and managed by the ICON community itself, which means that the foundation has little to no control over the ledger.

       

      ICON is essentially a community of blockchains and the people that use them. In the official design of this overall community, these are the components that the network has:

       

      Community: The blockchains are grouped into sub-categories based on utility and their underlying governance systems into sub-communities. These sub-communities together form the entire community on the ICON Network.

       

      The size and utility of each community is based on the central governance policy of each blockchain and the viamedia of all of them put together.

       

      Also, Read Why you should buy Tron?

       

      C-Node: The C-Node stands for Community Node. The C-node in each sub-community is incharge of the consensus that is needed to be reached. C-Nodes are available to both individuals and organisations.

       

      The C-Node is chosen and appointed by the members of the community themselves. And the regulations are also decided by the community itself.

      C-Rep: The C-Rep stands for Community Representative. The community representative is chosen by the members of the community unit. The community representative of each unit and subsequent community is responsible for making sure that all participants get their vote on transactions, updates and other issues.

       

      The C-Rep is chosen by an election that will be conducted within the communities themselves and the C-Rep is responsible for making sure that there is peace among all the participants of the community.

       

      ICON Republic: the ICON Republic is the integrator of all these separate communities. The collection of sub-communities and communities on the network form the ICON Republic.

       

      The ICON Republic is just a mode of communication and transaction between blockchains and the ICON Republic holds no control or power over how and what the blockchain communities do on the network.

       

      Citizen Node: Citizen Nodes are a very crucial component on the ICON Network. They essentially are allowed to participate and use any of the applications of the blockchain but are not allowed voting rights on the network.

       

      The biggest aim of the ICON network is to act as the bridge between the way networks work today and the way they should tomorrow. To do so, the ICON Network is connecting all the blockchains and making them one big community and evangelising the blockchain to other organisations and institutions. The foundation is promoting hyperconnectivity for future networks.

       

      Most Read Why you should buy VechainThor

       

      Partnerships


      In the cryptocurrency market community outreach and partnerships are very important to the success of any project. The partnerships that a company makes in its early days sometimes define just how far the company will go.

       

      In this particular sphere, the ICON Network has done pretty well. The foundation is supported by some big-time blockchain influencers and venture capitalists. Their partnerships include names like; Pantera, Kenetic Capital, TaaS, etc.

       

      The foundation struck 8 large partnerships in its early days and is owed most of the success and guidance that the company developers get. The ICON foundation has also partnered with Hashed. Hashed is a network of blockchain industry professionals and influencers in South Korea.

       

      The ICX Token

       

      The ICON Network’s native token is the ICX token. ICX aims to be what Ripple is to financial institutions, to blockchain communities; a mode of transaction. The token is listed on 28 exchanges globally. The token is rates as number 37th on coinmarketcap.

      The current value of the token is $0.637 USD. The token’s all-time high was $12.11 USD.

      Find  ICON Technical Analysis

       

      [bctt tweet=”Find the Reason – Why you should buy icon” username=”ItsBlockchain”]

       

      Join the Instant Crypto News Aggregator Channel of IBC on Telegram.

       

       

       

       

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: ICONicon coinicon cryptoicon foundationicon meritesicon Partnershipsicx iconThe ICX Tokenwhy buy iconWhy you should buy icon

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      Top 10 crypto trading bots

      Top 10 crypto trading bots

      by Hitesh Malviya
      March 8, 2021
      0

      Crypto trading bots can be defined as automated software designed to help you buy and sell cryptocurrencies. They help the...

      Cofounders of Ethereum : The mystery revealed now

      Cofounders of Ethereum : The mystery revealed now

      by om malviya
      February 20, 2021
      0

      In this article we will discuss cofounders of ethereum, and where are they now? Ethereum is without any doubt one...

      Top 10 Altcoins to buy on Uniswap – Part 1

      Top 10 Altcoins to buy on Uniswap – Part 1

      by Hitesh Malviya
      February 21, 2021
      0

      Bitcoin breached 50000$ price level two days ago and building nice support above this mega level. On other hand, altcoins...

      playcent

      Introducing Playcent- Decentralised Wix for interactive apps and games

      by Hitesh Malviya
      December 14, 2020
      0

      Playcent is a blockchain-based user-generated content platform for interactive apps and games. It’s a remix tool that anyone can use...

      RioDeFi Builds a Bridge to India before its long awaited IDO on Uniswap

      RioDeFi Builds a Bridge to India before its long awaited IDO on Uniswap

      by Hitesh Malviya
      September 27, 2020
      0

      RioDeFi’s readying for India with INR banking services for RioDeFi ecosystem & RFUEL token RioDeFi is creating a payments ecosystem that...

      Load More

      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

      • Trending
      • Comments
      • Latest
      Top 10 NFT Crypto Projects You Should Know

      Top 10 NFT Crypto Projects You Should Know

      March 8, 2021
      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      March 8, 2021
      top-altcoins-march

      Top Ten Altcoins To Buy in March 2021- Part 1

      March 8, 2021
      hidden gems crypto

      Top 5 Hidden gems Crypto

      March 8, 2021
      non fungible token

      Non-fungible Token(NFT): The Next Big Thing in Crypto Market

      March 8, 2021
      featured image

      Top 10 Low market cap altcoins to invest in 2021

      March 8, 2021
      top 5 ido march

      Top 5 Upcoming Token Sale in March 2021

      March 2, 2021
      Top 10 crypto trading bots

      Top 10 crypto trading bots

      March 8, 2021
      tron squire

      Tronsquire: A Million Dollar Scam on Rise In India which promises up to 1000x Returns on TRX

      March 7, 2021
      top-altcoins-march

      Top Ten Altcoins To Buy in March 2021- Part 1

      March 8, 2021
      NBA TOP SHOT

      NBA Top Shot: What’s All The Buzz About?

      March 8, 2021
      blockchain myths

      Top 5 Blockchain Myths Explained

      March 4, 2021
      Top 10 NFT Crypto Projects You Should Know

      Top 10 NFT Crypto Projects You Should Know

      March 8, 2021
      top 5 ido march

      Top 5 Upcoming Token Sale in March 2021

      March 2, 2021
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        0 shares
        Share 0 Tweet 0
      • Top Ten Altcoins You Should Buy in February 2021 – Part 1

        0 shares
        Share 0 Tweet 0
      • Top Ten Altcoins You Should Buy in February 2021 – Part 2

        0 shares
        Share 0 Tweet 0
      • Top 10 NFT Crypto Projects You Should Know

        0 shares
        Share 0 Tweet 0
      • List of leading partners of Ripple, and How they use XRP?

        0 shares
        Share 0 Tweet 0
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • About US
      • DEFI
      • Home
      • Newsletter
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.