ICON Network (ICX): What Is It?

Buzzing with activity 24/7, the crypto market never sleeps… unlike its traditional counterparts. To date, the field has witnessed the birth of several blockchain projects and networks, each with different uses and functions. Perhaps one of the most unique is the ICON network.

Created by the South Korea-based ICON Foundation, ICON is arguably the blockchain of blockchains: It provides a platform for the interaction of different blockchains, while still focusing on interoperability and independence. Not only is it designed according to real-life economics, it also has high utility.

Using ICON as a medium, several fields, including business, healthcare and even nonprofit, create value and process transactions on the decentralized ICON ecosystem. The ICON network is run by a native token known as ICX, which is used for all trading transactions on the network.

What Is ICON Network?

Established in September 2017, ICON is an independent network founded by DAYLI Financial Group Inc. (DFG) of South Korea. The network serves as a point of convergence for blockchain communities from fields such as healthcare, finance and security via smart contracts, and provides a meeting point for various blockchains via Citizen nodes.