Price of ICON (ICX) today
As of the latest data, ICON (ICX) is currently priced at $0.2334 with a market capitalization of $228.24M. The 24-hour trading volume stands at $9.19M, The circulating supply of ICON is approximately 990.21M. The cryptocurrency has seen a 1% increase in value over the past 24 hours.
About ICON (ICX)
The ICON Network is a decentralized blockchain platform focused on interoperability, enterprise adoption, and governance. It utilizes the Goloop blockchain protocol to connect multiple blockchains and enable trustless interoperability. The network's native cryptocurrency, ICX, powers smart contract functionality and network governance. ICON's governance model includes Public Representatives, the Contribution Proposal System, and the Network Proposal System, all managed through the DPoC consensus mechanism and IISS. ICON 2.0 introduces new technical features for enhanced interoperability, sustainable economics, and improved scalability.
Key components of the ICON Network include Public Representatives responsible for governance, Voters who elect P-Reps, the Contribution Proposal System for decentralized grants, and the Blockchain Transmission Protocol for interoperability. Relayers play a crucial role in passing messages between connected blockchains using BTP. ICON's goal is to hyperconnect the world using blockchain technology, fostering widespread network interoperability and enterprise adoption. The network's technical architecture and governance system ensure transparency, integrity, and longevity, making it a versatile platform for blockchain innovation and collaboration.
How does ICON work?
ICON (ICX) is a decentralized blockchain network that enables peer-to-peer transactions without the need for intermediaries. Built on a proprietary blockchain technology called Loopchain, ICON allows different blockchains to communicate with each other through its unique interoperability feature. The network uses a consensus mechanism known as Delegated Proof of Contribution (DPoC) to validate transactions and secure the network. ICON's decentralized nature ensures transparency, security, and immutability of data, making it ideal for various use cases such as supply chain management, healthcare, finance, and more. Its ability to connect different blockchain networks and facilitate seamless transactions sets it apart from traditional financial systems, offering a wide range of functionalities and applications across industries.
How to keep your ICON (ICX) safe?
To keep your ICON (ICX) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets provide an extra layer of protection by storing your private keys offline, making it harder for hackers to access your funds. Additionally, trusted platforms like Kraken, Binance, and Uphold offer secure storage options and advanced security features to safeguard your ICX holdings. By utilizing these reputable services, you can better protect your assets and minimize the risk of unauthorized access to your ICON tokens.
