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Icon Blockchain Interoperability

What Is Icon Cryptocurrency? | The Ultimate Beginners Guide

What Is Icon Cryptocurrency? | The Ultimate Beginners Guide

What is ICON Cryptocurrency? | The Ultimate Beginners Guide Home Cryptocurrency Coin Guides What is ICON Cryptocurrency? | The Ultimate Beginners Guide ICON is a blockchain interoperability platform designed to connect multiple blockchains together via smart contracts, while still maintaining each individual blockchains unique properties, such as consensus mechanisms and incentive systems. The ICON project aims to build one of the largest decentralized networks in the world. In this beginners guide to ICON, well cover: By creating a massive platform in which existing blockchains both public and private can communicate with one another, ICON looks to be the center of an interconnected blockchain ecosystem. Accomplishing this goal of interconnecting all blockchains would do to blockchains what the internet did for the personal computer. On top of interoperability, the ICON network will also support decentralized applications, much like Ethereum , or Cardano . The word center may seem awfully close to centralized for a lot of sensitive cryptocurrency enthusiasts, but ICON remains cognizant of this. Blockchains connected to the ICON network are able to function under their own independent governance and incentive systems. There are no barriers to entry; anyone can create a new blockchain project and join the network. New blockchains are free to connect with existing blockchains, thereby creating a new type of blockchain multiverse. ICON isnt the first project to tackle blockchain interoperability; notable projects working towards the exact same goal include Aion and Wanchain. As of right now, these projects are not competitors. Rather, all three of these projects (ICON, Aion, and Wanchain) are members of the Blockchain Interoperability Alliance a group effort towards promo Continue reading >>

Blockchain Interoperability Alliance (bia) - Defining Blockchain 3.0

Blockchain Interoperability Alliance (bia) - Defining Blockchain 3.0

Blockchain Interoperability Alliance (BIA) - Defining Blockchain 3.0 Explains the alliance, its members and its purpose to evolve blockchain technology and interoperability as the next wave of protocols As distributed ledger technology (DLT) takes the world by storm, it is only fitting that start ups with similar ideas for the future work together and join forces to best achieve common goals. The goal here is to promote the interconnectivity amongst different blockchains without the need to constantly exchange coins or tokens using exchanges. Aion, Wanchain, and ICON have all come together to form the Blockchain Interoperability Alliance (BIA), with the common goal of promoting cross blockchain transactions and interconnectivity. The alliance sets to establish a common standard for inter-chain communication. Each member looks to establish themselves as dominant players in different regions. Aion is focused on the North American market, Wanchain is ready to disrupt China, and ICON is focused on the South Korean market. Aion is a 3rd generation blockchain designed to bridge and connect other blockchains, as well as, manage is own robust applications. ICON was created to hyperconnect the world, which is actually its slogan. ICON aims to be the largest decentralized network for many different industries, ultimately interconnecting independent blockchains without an intermediary. Wanchain is a distributed financial platform that enables private, cross-blockchain smart contract execution that aims to unite the worlds isolated digital assets Wanchain seeks to create a new distributed financial infrastructure, connecting different blockchain networks together to exchange value with the goal of uniting the worlds isolated digital assets. The alliance was formed to tackle a few Continue reading >>

Aion / Icon / Wanchain Blockchain Interoperability

Aion / Icon / Wanchain Blockchain Interoperability

AION / ICON / WANCHAIN blockchain Interoperability yeah the market overall is growing insanely fastthe total market cap in the last few days alone has been going trough the rooflets see what we can expect this year, but it has certainly just begun And still only 25.5m volume the last 24 hours, what if AION hits more exchanges Yet hidden interview with Wanchain founder. He says they are ready to launch. Im so bullish on wan. I might even sell off a fraction of my icx to buy in early when it hits the exchanges! Do you know a date when it is expected to get listed? Jordy here! just new in the pub with an account but read for a while your messages (read many messages from harry;)) bought 1000 icx when the first day it was on exchange! bought some extra icx Tuesday to get some little gains for wan now my question, is there something to keep each other up to date when WAN comes on exchange, something like an alert for pub messages or a pub telegram group? Well just have to hope for a new thread to announce it. Thats how most of us caught wind of Binance listing ICX. ah okay thanks, I think it is better not to sleep then late January kinda strange that here in the forum almost no one speaks about wanchain? its supposed to be released around the same day as the main net and its a coin that is expected to grow A LOT due to its interuse with ICX and AION. Im hoping the markets get a breathe in the next days and my dragon holdings gain some value so when WAN arrives Ill dump good $ into it. Yeah Ive heard we are looking at end of Jan for want to hit exchanges, probably if you can be a wise idea to have some BTC at hand to buy when it pops. As its part of the interoperability alliance, I think its got some some serious legs. There is a interview kicking about on the pub of wanchai Continue reading >>

Interoperability Platforms Very High Level Comparison : Aionnetwork

Interoperability Platforms Very High Level Comparison : Aionnetwork

Hi guys. Disgruntled Icon holder here and decided to do some research on the many competitors in this space. High level results are shown below. Basically I felt that Aion was the other project that really excited me out of the list and so was wondering if you could shill me on why you think aion will dominate this market in 2018?? Am wondering if Icon is struggling so much at the moment since it is so overpriced compared to its competition. ICON ($1,120m) - Concensus Loop Fault Tolerance. Korean based and currently focusing on that country. Working product with 6 ico's being built. Looking to be an overarching platform across all communities, be they private and public blockchains across industry, governments, public services, public blockchains and individual use. Ark ($354m) - DPoS concensus. Working product. Mainly focusing on connecting public blockchains. Ark is also connecting to various tools and networks rather than just blockchains. These include: Offchain tools, IPFS, IPDB, Card networks, and optional anonymization. Slightly limited functionality on their ARKSmartBridge compared to eg Aion. Unable to make cross chain payments - only data exchange. Aion ($271m)- BFT concensus. Canada based. Flexible and powerful API to link between blockchains. Good links to major companies (Fortune 500) through their parent company Nuco being a founding member of the Enterprise Ethereum Alliance. Possible large telecommunications partnership?? Focus on Ethereum as main chain to connect to. AChain ($70m) - RDPoS (increased block response+ improved stability and security to DPoS), Chinese based. Working product with 33 apps deployed. Uses side chains to connect with public blockchains ('Chinese version of Ark'). Unable to make cross chain payments - only data exchange. Wanchai Continue reading >>

Blockchain's Interoperability Barriers Being Bridged By South Korea's Icon - Blocktribune

Blockchain's Interoperability Barriers Being Bridged By South Korea's Icon - Blocktribune

ICON is a blockchain and cryptocurrency (ICX) that had a fast-track to the top of the digital currency markets . Holding its token sale in September 2017, the company raised $42M within six hours. ICX token began trading on two cryptocurrency exchanges, Binance and OKEx. By the end of the first day of trading, ICX achieved a $1 billion market cap, putting this newcomer well into the top 50 coins, far ahead of much more established blockchains. Blockchain author and evangelist Don Tapscott, who acted as an advisor during ICONs token sale, ICON as a new platform to watch in 2018, writing that it addresses critical issues of scalability, interoperability and governance. The companys launch of its mainnet on January 25, ICON will bring online many of the interchain functionalities the technology makes possible. Its loopchain interoperability blockchain is already in use in by 50 companiesin Korea, including hospitals, insurance companies, securities firms, banks and universities, Last month, ICoN announced the Blockchain Interoperability Alliance ill promote interconnectivity between isolated blockchain networks and will collaborate in research on interchain transactions and communication. ICON co-founder Min Kin answered a few Block Tribune questions. BLOCK TRIBUNE: What was it like in the room when the ICO raised $42 million in six hours? Were you shocked, humbled, laughing? MIN KIM: This was a big surprise to everyone at ICON. We knew we had a strong number of supporters in Korea. We also had some idea of our support level outside of Korea. Therefore, we felt confident being able to hit our target of 150,000 ETH by our official crowdsale launch in October 20th. However, finishing our fundraising in six hours, one month ahead of schedule, especially when we capped indivi Continue reading >>

Icon (icx) Headed To The Top 10 In 2018: What Makes It Tick?

Icon (icx) Headed To The Top 10 In 2018: What Makes It Tick?

ICON (ICX) headed to the top 10 in 2018: What makes it tick? ICON (ICX) is one project that has the hallmarks of greatness. It launched late last year, and its already in the top 20 cryptos. So what makes ICON tick, in an increasingly crowded crypto market? Well, there are a multitude of factors pushing this crypto, and all of them point to a coin that is fundamentally strong. The first one is the loop chain technology; named after Loop, the platform behind ICON. Loop technology is all about connecting multiple blockchains, by allowing them to seamlessly communicate with each other. This aspect of ICON has already seen this crypto get adopted by different corporations in South Korea. For instance, hospitals are using it to access patient data from other hospitals, as well as cross-check patient data with insurance companies. An increased adoption of loop chain technology on a wider scale in South Korea will significantly increase the intrinsic value of this crypto, and push it further up the crypto rankings ladder. Many investors are anticipating this widespread adoption and are investing early, before the big moves happen. Another factor driving up the value of ICON (ICX) the Davinci labs artificial intelligence technology. This tech is meant to allow for continuous assessment of risk in the banking sector. Unlike traditional blockchains that are slow to respond to changes in the external markets, Davinci labs makes use of artificial intelligence to actively monitor the market, and offer models on how to respond. A number of banks in South Korea are already using this technology. As its usage gets more widespread, so will the intrinsic value of ICON. ICON (ICX) also has a number of partnerships that are guaranteed to put it at the helm of interoperable blockchains. Fo Continue reading >>

Ico Alert - Blockchain Interoperability Alliance

Ico Alert - Blockchain Interoperability Alliance

An interview with WANCHAIN, AION, and ICON The ICO Alert Podcast is available on iTunes and anywhere podcasts are found. The ICO Alert Podcast showcases exclusive, in-depth interviews with founders of past, present, and future Initial Coin Offerings. The podcast is hosted by Robert Finch, the Founder of ICO Alert, and new episodes are released weekly. If youd like, you can request a guest to appear on a future episode. My guests today are the founding members of the Blockchain Interoperability Alliance. We have Dustin Byington, the President of WANCHAIN, Min Kim, the Co-Founder of ICON, and Matthew Spoke, the Founder of AION. On the show, well talk about the Blockchain Interoperability Alliance, why these 3 projects feel so strongly about interoperability, how the blockchain landscape might look in the future, and more. What is the Blockchain Interoperability Alliance? Why do blockchains need to be interoperable? Our guests answer all of that, and more, in Episode 20 of the ICO Alert Podcast. Continue reading >>

23 Ways Icon Is Hyper-connecting Theworld

23 Ways Icon Is Hyper-connecting Theworld

23 Ways ICON is Hyper-Connecting theWorld In Q32017, the Korean conglomerate, Dayli Financial Group, started a blockchain project, ICON, that would be soon coined as the Korean Ethereum. Dayli Financial Group also owns Yello Mobile, which is the largest mobile startup in Korea worth $4 billion, Kakao, which is the MOST popular application in Korea (equivalent to WhatsApp or WeChat in China), and The Loop, which is the company behind ICONs blockchain technology. In essence, ICON has one of the largest Korean Conglomerates backing this project, this is as real as it gets. ICONs central technology is called LoopChain, which is described as a high-performance blockchain that can provide real-time transaction. LoopChain is built for enterprises and provides smart contract functionality that can be customized, but most importantly, can be linked to other distributed ledger networks. Today, ICON trades at $8 a coin, however, since ICON is framing itself to become the master key that unlocks blockchain interoperability and connects requested services to every business and government sector, ICON can be trading at $70 per coin within 12 months. The ICON project started in 3Q2017 from Seoul, South Korea ICON is an interconnecting blockchain network and can connect to independent blockchains without the use of additional third-party intermediaries The ICON project offers established industries access to a blockchain solution that allows them to perform data and monetary transfers, verify identity, leverage smart contract environment (SCORE), and utilize a decentralized exchange The Loop, the company behind ICON, has already received several rounds of funding The ICON project is lead by JH Kim, who is also the CEO of The Loop and part of the ICON Foundation Council. Mr. Kim has al Continue reading >>

Ontology (ont) Takes Flight On Interoperability Rumors

Ontology (ont) Takes Flight On Interoperability Rumors

Ontology (ONT) Takes Flight On Interoperability Rumors Ontology (ONT) Takes Flight On Interoperability Rumors Working with Wanchain, Aion, and ICON could dramatically increase adoption. The value of Ontology (ONT) tokens has nearly doubled in the past 24 hours as rumours over a possible agreement with three other cryptocurrency tokens (Aion, Wanchain and ICON) have led to increasing investor interest. The testnet and roadmap are also considered to be imminent. The price of ONT has risen from $1.56 on Monday afternoon to $2.16 as of 18:00 GMT: a 37% rise and a $145m increase in the coins market cap. Owned by the Chinese developer Onchain, Ontology is a public platform for companies to integrate blockchain technology into their businesses. Designed to be adaptable in a range of sectors, the platform has focused on providing verification and authentication in areas such as ownership and identity. ONT tokens, which began trading in early March, were unusual in that they were not subject to a public ICO . Instead, 20m ONT tokens were airdropped to the NEO community. Like NEO, ONT token holders accumulate their own version of Gas, ONG. Although separate entities, the CEO of Onchain, Da Hongfei, is also the one of the founders of NEO. Todays price rise coincides with speculation that Ontology might be looking at interoperability with four cryptocurrencies: ICON (ICX), Aion (AION), Kyber Network (KNC) and Wanchain (WAN). At the Global Blockchain Summit Forum, held in the Chinese city of Hangzhou, Ontologys founder and chief architect, Jun Li, was part of a panel with the leaders of the other cryptocurrencies to discuss interoperability between blockchains. The other four cryptocurrencies are the constituent members of the Blockchain Interoperability Alliance, which pools resou Continue reading >>

Will Icon (icx) Be The Solution To The Disjointed Blockchain Problem?

Will Icon (icx) Be The Solution To The Disjointed Blockchain Problem?

Will ICON (ICX) be the Solution to the Disjointed Blockchain Problem? Lets face it there are a ton of blockchain-based projects in the works out there, and a lot of them run on varying types of code. There are so many cryptocurrency platforms out there that are totally incompatible with the rest of them. While there has been some success in bridging the gaps between these disjointed blockchain networks, like how QTUM (QTUM) offers interoperability between Bitcoin (BTC) and Ethereum (ETH), there isnt a one-size-fits-all solution out there. Thats what ICON (ICX) is building. This coin is the native cryptocurrency of a massive ecosystem called the ICON Republic. They say that theyre building one of the largest decentralized networks on Earth. The basic idea is that, using smart contract technology, separate blockchain platforms can interact with each other which would effectively make the disjointed nature of the current blockchain economy a thing of the past. ICON (ICX) achieves this through something called loopchain technology which allows disconnected blockchains to join the wider ecosystem. A ton of industries and big actors within those industries are already using the technology in South Korea. There is still a lot of progress to be made, but they look like they have a good product and solid development momentum. This platform is still in the works but it barely launched. That means that users have only barely been able to start planning to launch decentralized applications (dApps) on the network. In fact, six ICOs have already been announced that will launch on the ICON (ICX) blockchain: Welcoming $ICX , Tink & Bluewhale to Sydney. @helloiconworld will feature 6 dApps in the coming months: Continue reading >>

Achieving Blockchain Interoperability - Icon Vs Aion Vs Wanchain

Achieving Blockchain Interoperability - Icon Vs Aion Vs Wanchain

Achieving Blockchain Interoperability - ICON Vs AION Vs Wanchain Driving digital transformation of supply chains | Solution Architect 2017 has been the year when the blockchain world emerged from the shadows of Bitcoin and put out a spectacular show of next generation chains that are smarter, faster and feature rich. While many of them are great in their own domain, they are not so great in talking to each other, making 'interoperability' a major problem to solve. Currently, interoperability across blockchains are achieved through trading via cryptocurrency exchanges or token swaps or 1 to 1 connectivity between a few chains. These approaches are not scalable and limits the transfer of any asset that is not being traded in an exchange and moreover there are no mechanisms to integrate capabilities that doesn't involve coins or tokens. Such an integration will play a big role in evolving the blockchain ecosystem to the next level - building complex capabilities spanning blockchains, improving scalability of bloated public chains and creating solutions that solve real-world problems. ICON , AION and Wanchain has taken on that challenge and has formed an alliance with the common goal of achieving interoperability across blockchains. All three members of the alliance have taken the approach of becoming blockchains themselves with the niche purpose of achieving interoperability. But that is where the similarities end and this article is an attempt to highlight the differences between them based on their white papers. The vision of the ICON Project is to introduce the new era of decentralization by redefining the meaning of communities and creating a new world by connecting such communities.Through ICON, communities can go beyond and be free from traditional economic system a Continue reading >>

Blockchain Interoperability Alliance: How Icon, Aion & Wanchain Came To Be?

Blockchain Interoperability Alliance: How Icon, Aion & Wanchain Came To Be?

What IsBlockchain Interoperability Alliance? The inability of isolated blockchains to communicate with each other is a key problem in decentralized platforms. The problem keeps recurring and can be a problem behind blockchain lack of scalability and poor adaptation in the mainstream market. Blockchain Interoperability Alliance is an advocacy group backed by Aion, ICON, and Wanchain. The group has the shared aim of promoting interconnectivity between the isolated blockchain based networks. The alliance effort is in a bid to advance standards that would promote a higher degree of interoperability between different blockchains. The alliances hope to collaborate on communication and interchain transactions research . The alliance will further come up with common standards, share architecture, and research protocols. The common objective of the three-blockchain projects is to connect blockchain protocols. Each of the members of the alliance hopes to establish themselves as the dominant player in different regions. Aion focus is on the North American region, Wanchain on the Chinese market while ICON focus is on the South Korean market. ICON the newest player in the alliance is an interconnecting blockchain network that connects the blockchains without the need for intermediaries. Aion, on the other hand, will be the common protocol that will be used by the blockchains, which will lead to the building of efficient and decentralized systems. Wanchain is a distributed financial system that allows for the private and cross-blockchain execution of smart contracts with the goal of uniting the isolated digital assets . The problem of interoperability is a challenge with decentralized networks that are governed by their economics and code. Other standards have tried to address this Continue reading >>

Blockchain Interoperability Alliance: Icon X Aion Xwanchain

Blockchain Interoperability Alliance: Icon X Aion Xwanchain

ICON is one of the largest blockchain networks in the world. ICON boasts independent blockchains comprised of reputable institutions in major industries. Blockchain Interoperability Alliance: ICON x Aion xWanchain ICON has joined the Blockchain Interoperability Alliance. The Alliance is backed by ICON, Aion, and Wanchain and has the shared goal of promoting interconnectivity between the isolated blockchain networks. The inability for isolated blockchains to communicate with one another is a recurring problem in the decentralized landscape. Isolated inter-blockchain communication can put a strain to blockchains scalability and mainstream adoption. The Alliances main priority is collaborate on research on interchain transactions and communication. The Alliance will focus on developing common industry standards, sharing researching, and protocol architecture. All three blockchain projects have the common goal of connecting blockchain protocols. ICON is an interconnecting blockchain network that connects independent blockchains without additional intermediaries. Aion aims to become the common protocol used for these blockchains, enabling more efficient and decentralized systems to be built. Wanchain is a distributed financial platform that enables private, cross-blockchain smart contract execution that aims to unite the worlds isolated digital assets. JH Kim, ICON Foundation Council Member, has high hopes for the Alliance, The goal of this alliance is to create a globally accepted standard for connecting blockchains, and to bring innovations together. ICON will work with Aion and Wanchain to Hyperconnect the World. Blockchain Interoperability Alliance Video Continue reading >>

Blockchain Leaders Aion, Wanchain & Icon Create Alliance To Unite On Interoperability

Blockchain Leaders Aion, Wanchain & Icon Create Alliance To Unite On Interoperability

Blockchain Leaders Aion, Wanchain & ICON Create Alliance to Unite on Interoperability Several Blockchain leaders have joined together in a push to establish an interoperability standard. Aion, Wanchain, and ICON have announced the formation of the Blockchain Interoperability Alliance. The Alliance will create industry standards, collaborate on research, and work towards promoting broader adoption of blockchain technology. The three companies believe the inability for Blockchain protocols to communicate has created a hurdle for adoption and scalability in both public an private networks. Working towards a common goal to connect Blockchain protocols is mutually beneficial. We believe that collaborating across projects will help set best practices for blockchain interoperability and encourage broader market adoption across enterprises and the public, said Aion Founder Matthew Spoke . H Kim, ICON Foundation Council Member, said the goal of the Alliance is to create a globally accepted standard for connecting Blockchain and bring innovation together. The Blockchain Interoperability Alliance will play a crucial role in increasing the connectivity of our digital assets and our lives, added Wanchain President Dustin Byington. The Blockchain Interoperability Alliance was announced at Consensus: Invest in New York City this week. The Aion network is a multi-tier blockchain network designed to support a future where many blockchains exist to solve unique industry problems and to power the services of the modern world. ICON is an interconnecting blockchain network that connects independent blockchains without additional intermediaries. Wanchain was founded by the technical co-founder of Factom, Jack Lu, with the goal of uniting the worlds isolated digital assets and transforming t Continue reading >>

New Alliance Sets Out To Boost Blockchain Interoperability

New Alliance Sets Out To Boost Blockchain Interoperability

New Alliance Sets Out to Boost Blockchain Interoperability Nov 28, 2017 at 16:15 UTC|UpdatedNov 29, 2017 at 04:06 UTC The companies behind three blockchain platforms have unveiled a new advocacy group centered around promoting interoperability between the disparate networks. Dubbed the Blockchain InteroperabilityAlliance, the effort is being backed by Aion, ICON andWanchain in a bid to advance standards that would, as envisioned, promote a greater degree of connectivity between different blockchains. "We believe that collaborating across projects will help set best practices for blockchain interoperability and encourage broader market adoption across enterprises and the public," Matt Spoke, CEO of blockchain startup Nuco and founder of AION, said in a statement. That question of interoperability - a challenge with decentralized networks governed by their own code and economics - has been cited in other standards pushes, as well as efforts at some of the more enterprise-facing projects, including the Linux Foundation-backed Hyperledger and the Enterprise Ethereum Alliance. Indeed, the new group will be dedicating time and effort to push forward withresearch in this area, including work on how to transact and communicate between blockchains . "The goal of this alliance is to create a globally accepted standard for connecting blockchains, and to bring innovations together," saidJ. H. Kim, a council member for the ICON Foundation. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Continue reading >>

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