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ICON

ICX

  • Layer1
  • Infra
Established Year
2016
Headquarter
Korea
Operating Status
Active
ICON is an open-source Layer 1 delegated proof-of-stake (DPoS) blockchain and smart contract platform focused on connecting different blockchains and their respective communities. ICON's Blockchain Transmission Protocol (BTP) is a trustless and chain-agnostic interoperability solution that supports generic smart contract calls between connected blockchains. 
It provides a high-performance smart contract execution environment powered by the Java Virtual Machine (JVM) that is ideal for developing minimal-latency cross-chain dApps. The ICON blockchain is governed by validators elected through the network's ICX staking and delegation mechanism.

Organisation

Team

Financial Portfolio

Funding

ICO
0 Investors
$43 M

    Investment

    Efficient Frontier
    Efficient Frontier
    		N/A
    Tens of Millions

    Frequently Asked Questions

    What Is ICON Network (ICX)?

    [ICON Network](https://www.coinlive.com/coin/icon) is a [layer-one](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain) blockchain focused on building a multichain bridging solution that is scalable, chain-agnostic, and secure. ICON is a hub that connects partner blockchains with all other blockchains integrated via BTP. [Blockchain Transmission Protocol (BTP)](https://icon.community/learn/btp/) is ICON's main product and interoperability solution that supports cross-chain token swaps as well as more generic messaging features like corss-chain smart contract calls. Blockchains connected to the ICON ecosystem include, Binance Smart Chain, Near, Harmony, Moonriver, Polkadot, [ICE/SNOW](https://icenetwork.io/), Ethereum, amongst others. ICON is a thriving ecosystem of [dApps](https://icon.community/ecosystem/), that include deFi protocols ([Balanced](https://balanced.network/), [Omm](https://omm.finance/)), NFT platforms ([Craft](https://craft.network/)), games, and more.