Icon has been dubbed the “Korean Ethereum”. The goal of the project is to provide a blockchain which acts as an intermediary among different blockchains, creating an ecosystem of interconnected blockchains and cryptocurrencies. This would enable different communities, institutions, and blockchains to interact while still maintaining independence. The Icon blockchain is powered by the ICX currency, which allows for simple exchange through a decentralized exchange. It was launched in October of 2017, and was Korea’s first initial coin offering.
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