ICON Foundation

This week, HackerNoon features the ICON Foundation - a non-profit organization supporting the open development of bridging infrastructure to connect blockchains

Meet ICON Foundation: HackerNoon Company of the Week

HackerNoon launches our long-awaited offering: Technology Press Releases with HackerNoon! 

Publish Your Next Technology Press Release with HackerNoon

Balanced, a cross-chain decentralized exchange (DEX) native to ICON, is now live on Archway.

Archway Users Now Have Access to Balanced

With more than a decade having past since the creation of Bitcoin, blockchains have come a long way. There is no doubt that the Bitcoin blockchain has its specific uses, and as developers figured out what else blockchains could be used for new types of chains had to be created. 

Blockchain-Based On-Chain Solutions: An Overview

There have been many discussions expressing fear or concern regarding South Korea maintaining its stance on ICO bans <a href="https://www.fsc.go.kr/info/ntc_news_view.jsp?bbsid=BBS0030&amp;page=1&amp;sch1=&amp;sword=&amp;r_url=&amp;menu=7210100&amp;no=32932" target="_blank">due to results found in a survey conducted by South Korea’s Financial Supervisory Service</a>, and what it exactly it means for ICON.

Korea’s ICO Ban: What It Means & How It Affects ICON x Deblock

<a href="https://globalcoinresearch.us17.list-manage.com/track/click?u=859b0d423a7f7baa4cdb46f26&amp;id=3a9e773ae8&amp;e=e8de32e54d" target="_blank">Crazy Rich Asians</a> is the newly released movie that every. Asian. person. is talking about. For those of you who may not be aware of it’s importance to the Asian (American) community, it’s the first Asian all-cast mainstream movie in the US since the Joy Luck Club. But, alas, the $$ theme was there, but the Crypto theme was missing. Why couldn’t these guys make the movie even more relatable?

Crypto Rich Asians

When we talk about smart contracts, the first thing that comes to our mind would usually be <a href="https://www.ethereum.org/" target="_blank">Ethereum</a> (ETH) — to put it bluntly, the mother of all smart contracts. Well, that statement may be a little misleading, but I would argue that Ethereum was the first project which drew public attention to smart contracts implementation. It was made possible due to the design of a <a href="https://hackernoon.com/tagged/blockchain" target="_blank">blockchain</a> infrastructure. And just in case you might not know what Ethereum is, it is a decentralised platform for running smart contracts.

The Evolution of Smart Contracts

In Q32017, the Korean conglomerate, Dayli Financial Group, started a blockchain project, ICON, that would be soon coined as the “Korean Ethereum”. Dayli Financial Group also owns Yello Mobile, which is the largest mobile startup in Korea worth $4 billion, Kakao, which is the MOST popular application in Korea (equivalent to WhatsApp or WeChat in China), and The Loop, which is the company behind ICON’s blockchain technology. In essence, ICON has one of the largest Korean Conglomerates backing this project, this is as real as it gets. ICON’s central technology is called LoopChain, which is described as “a high-performance blockchain that can provide real-time transaction.” LoopChain is built for enterprises and provides smart contract functionality that can be customized, but most importantly, can be linked to other distributed ledger networks. Today, ICON trades at $8 a coin, however, since ICON is framing itself to become the master key that unlocks blockchain interoperability and connects requested services to every business and government sector, ICON can be trading at $70 per coin within the next 2 years.

23 Ways ICON is Hyper-Connecting the World

The ICON Foundation focuses on building a decentralized network for blockchain applications, allowing different blockchain systems to communicate with one another. They aim to foster a global blockchain ecosystem and promote the adoption of blockchain technology.

ICON FOUNDATION

icon.foundation

100-1000 employees

Since 2017

COMPANY RANKING

ICON FOUNDATION

EVERGREEN INDEX #3773

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ICON FOUNDATION

icon.foundation

100-1000 employees

Since 2017

COMPANY RANKING

ICON FOUNDATION

EVERGREEN INDEX #3773

RELATED COMPANIESRANK

HACKERNOON STORIES ON ICON FOUNDATION

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