Icon Update 2020: What You NEED To Know


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ā° Time Stamps ā°

1:06 Overview
3:45 Partnerships
5:37 ICON Loop
8:50 Updates & Milestones
11:22 2020 Roadmap
13:33 Staking ICX & Markets
14:43 Conclusion


ā›“ļø šŸ”— Helpful Links šŸ”— ā›“ļø

ā–ŗ Website: https://icon.foundation
ā–ŗ Whitepaper: https://bit.ly/2FtxVPy
ā–ŗ GitHub: https://github.com/vechain
ā–ŗ Staking on ICON: https://medium.com/posbakerz/how-to-stake-vote-in-icon-icx-5926e8e8a54b
ā–ŗ Icon Loop: https://www.iconloop.com/en/
ā–ŗ Icon dApps: https://m.icon.foundation/contents/dapp


šŸ“±ļø Socials šŸ“±

ā–ŗ Official Blog: https://medium.com/helloiconworld
ā–ŗ Twitter: https://twitter.com/@helloiconworld
ā–ŗ Telegram: https://t.me/hello_iconworld


šŸ“ Project Overview šŸ“

ICON is a project that is building a decentralised network that allows other independent blockchains with different governance structures to interact without any intermediaries. its focused on interoperability between seemingly disparate systems.

āš™ļø Chainlink Collab āš™ļø

ICON has entered a collaberation with Chainlink. This will see ICON using Chainlink’s decentralised oracle network in order to access offchain data.

It will enable any ICON dapp to access outside real-world data and bring it into their decentralised application. Let me break this down for you with a few examples. The integration could also be used so that you could pull in reliable data from other blockchains.

šŸ¢ļø Icon Loop šŸ¢

While ICONLOOP is for profit startup, they are actively involved in growing out the ICON ecosystem. You can think of them as analogous to the work that Consensys does on the Etheruem blockchain. Building out enterprise solutions that use open source distributed networks.

You also have ICONLOOP entering more specific memorandum of understandings with other companies. For example, in February of this year they signed one with Saramin which is a large job placement platform in Korea.

With ICONLOOP you have a dedicated company that is forming partnerships and building solutions which in turn are powering forward an open source network in ICON.

šŸ—³ļø Governance šŸ—³

There are 22 of these P-reps currently in the ecosystem. You can see them all here on the ICON tracker.

This is an important step for any blockchain as it signifies the passing of the reins to the community. It’s the first step to decentralisation and community governance. And it is actively being used by the community. There have been a number of network proposals that have previously been voted on.

šŸ‘Øā€šŸ’»ļø Roadmap šŸ‘Øā€šŸ’»

A few weeks ago, they released their 2020 roadmap. It was quite a comprehensive roadmap with a number of improvements broken down into four major themes.

These were:

– Network Enhancement
– Open Source Enhancement
– Upgrades to Governance
– Blockchain Transmission Protocol & sidechain

There have already been quite a number that have been built on the ICON network. These are quite diverse and range from decentralised freelance marketplaces to Casinos and decentralised travel agencies.

šŸ“ˆ Staking šŸ“ˆ

Currently, staking rewards are at 17% but it was much higher only a month ago. The return is most likely falling as more people get involved with the ICON network and drive the returns down.

Demand for ICX has been on an upward march over the past two months. ICON was one of the best performing altcoins when compared to Bitcoin.

In terms of the markets for ICX, more liquidity seems to be opening up on a regular basis. In September of last year you had Kraken listing the token and then just this February you had Binance US offering it to their traders.


šŸ“œ Disclaimer šŸ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Icon #ICX #crypto #Staking #Chainlink #LINK #blockchain #cryptocurrency



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