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What is ICON all about
Icon is another ambitious blockchain platform that aims to build a decentralized network of networks powered by cryptocurrencies. This broad goal has been highlighted in the platform’s own wording where it claims to want to build a “digital nation” wherein different economic actors can issue and control their own forms of value, under rule systems they select.
Essentially, this idea is to create a new world economy that is similar to the traditional legacy of global economics, but based digitally and powered by the blockchain. It would allow computer applications to use the Icon software as infrastructure to create their own currencies and economies, thus allowing computers running the nodes to elect to support economies in the Icon ecosystem according to their interests.
The basis of this project rests in the use of a delegated proof-of-stake consensus algorithm to determine which nodes can add new blocks to its blockchain. This is the same algorithm that is used by chains like TROn and EOS.
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ICX Questions & Answers
What is the price of ICON today?
Currently, the price of ICON is 0.60 EUR.
What was ICON's highest price?
We saw the highest spike in the price of ICON on 2018-01-09, at 11.03 Euro.
What is the price of ICON going to be in 1 month?
On the basis of our prediction, we suspect ICON's price is likely going to reach between €1.04 and €2.33 in 30 days.
Is ICON expected to increase in value in 3 months?
Based on our prediction algorithm we estimate that ICON's cost will be anywhere between €1.04 and €2.57 in three months time.
Is ICON going to be worth more in half a year?
Long term projections are very difficult, however on the basis of our short term prediction we expect that the cost of ICON will be between €1.04 and €2.57 in six months.
Is ICON popular among online users?
34827 individuals were participating in an online discussion on Reddit about ICON in the last 48 hours. ICON's Twitter handle is currently followed by 161034 people.
How does ICX get its value?
The value of ICX comes from its consensus algorithm, as core to Icon’s economy is a concept called the “Icon Incentives Scoring System” (IISS), an algorithm tasked with measuring contributions to the ecosystem and distributing ICX.
Who created Icon?
Icon was created in 2017 by the Icon Foundation, an organization based in South Korea that drives development for the project. It raised around $43 million in its ICO, but only officially launched in 2018.
Who is Icon trying to attract as a platform?
For Developers, Icon has a lot of plusses in its ambitious gambit. Those looking to build applications will find it very attractive, especially with its broad and encompassing network.
Does ICX have a different token standard?
ICX uses its own token standard, IRC16, which allows users to use the Icon software as infrastructure to create their own tokenized assets and securities.
10 days ICON price forecast
Long term ICON price prediction