ICON: Building a Giant
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What is Icon?
ICON is a decentralized autonomous organization (DAO) which seeks to connect every single blockchain in the world, regardless of its design or consensus mechanism. ICON’s native blockchain is known as the loopchain and can be conceived of as a digital keyring that allows you to attach multiple blockchains to a single hub called the Nexus that makes it possible for them to communicate with each other. Participating blockchains will eventually be able to mint both fungible and non-fungible tokens backed by ICON’s ICX token and/or real-world assets.
What is Blockchain Transmission Protocol?
The ICON Network, since its inception, has set out on a mission to “hyperconnect the world”. This catchphrase refers to the feature “interoperability”, and the technology to enable this feature is called Blockchain Transmission Protocol (BTP). To realize blockchain’s full potential, we want distinct protocols to have compatible ways to interact and communicate with each other, and the ability to interoperate at the protocol level.
Digital Nations
ICON is not building just an operating system, just a tech company, or just a
new version of the internet. ICON is building the digital nation known as the ICON Republic, with the vision of bridging together a world of digital nations; and ICX Station will continue to accelerate the growth of the ICON Republic.
https://medium.com/helloiconworld/digital-nations-82a0d6dd571a
What is ICE?
ICON, due to its different language and SCORE architecture, requires additional learning prior to development. As a result, there’s a bit of an obstacle to getting developers on board. They have to really want to build on ICON in order to get over that educational hump. This hasn’t made it impossible of course — our ecosystem has plenty of talented developers — but it has made it harder.
That’s where ICE comes into play.
Now, you may have seen the phrase “EVM-compatible” before, but haven’t been sure what it means. It stands for “Ethereum virtual machine”. Chains that are EVM-compatible have contracts written in Solidity — the same code Ethereum runs on, meaning if you know how to develop on Ethereum, you’ll know how to code on ICE.
Even better is the fact that it’s possible to copy existing Ethereum DApp code and deploy it in minutes. This doesn’t mean developers will simply copy and paste existing protocols. What is more important is that it makes it easier to build upon what’s already proven successful (and secure).
It sounds as though ICONists (and ICEists(?)) will have a chance to use their ICX to validate on either ICE or ICON, and potentially move their tokens based on which network is currently offering more lucrative rewards (staking ICX on ICE will earn voters ICE, just as staking on ICON earns ICX).
https://iconographicx.medium.com/ice-interoperability-and-the-future-of-icon-bff173355cef
#icxCoin
#IconCrypto
#IconLoop
intro (00:00)
What is ICON? (01:21)
What is ICON ICE Blockchain? (02:11)
ICON Digital Nations (02:41)
What is Blockchain Transmission Protocol? (03:41)
ICON Ethereum Virtual Machine (EVM) (05:34)
ICON Staking (07:03)
ICON ICE Airdrop (07:43)
ICON Marketing (10:03)
ICON ICX Price Prediction (10:48)