ICON (ICX) Cryptocurrency Review – 2018 Beginner’s Guide

ICON (ICX) Cryptocurrency Review – 2018 Beginner’s Guide

ICON (ICX) is a massive platform that will allow various blockchains to interact with each other via smart contracts. The project wants to “Hyperconnect the World” by building one of the largest decentralized networks in the world.

The ICON network already exists, and the project has it growing even more to improve numerous functions. At the moment, just some of the communities on the ICON network include e-commerce, banks, universities, securities, insurance companies, and hospitals. The decentralized applications provide benefits for both these communities and those that will use the network in the future.


Using its loopchain platform, ICON (ICX) connects an ecosystem of blockchain communities through the ICON Republic. Communities are linked to the Republic at large through community representatives (C-Reps) that connect to Nexus, the loopchain-based blockchain that underpins the ICON Republic.

ICON (ICX) is a legitimate project with a solid team and group of advisors behind it. Theloop is a company focused on developing blockchain engines with headquarters in Korea. It is in charge of the Smart Contracts and ICON Nexus development.

You are not able to purchase ICX with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum and then swap that for ICX at an exchange such as Binance.

We expect ICON to prove useful to more than just the communities it already serves, growing in terms of applications as it expands.

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