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All the Reasons to Go For ICON (ICX) as Your Platform of Choice

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ICON, currently ranked as the 22nd currency on the global coin ranking list, has surely been stepping up its game lately and living up to the expectations of a commonly popular nickname for ICX, Korean Ethereum. There are several self-proclaimed “Ethereum Killers” competing with the best platform in the market and the second-best crypto, Ethereum. However, although not aiming at competing with its peers as stated by the team behind ICX, ICON platform seems to be one of the rare blockchain-based platforms that can actually compete with Ethereum, thanks to the unique system that the team behind ICX has implemented into the system of ICON platform.

Now when it’s been almost a year since ICON has been launched as an ICO, here are all the reasons to consider going for ICON platform as your network of choice.

ICON Has Come a Long Way Since it Was Originally Launched

On May 19th, one of the ICX team members wanted to reflect on everything the team has achieved over the time since ICON was first launched as an ICO. It’s been less than a year ago since ICON was originally launched as an ICO, represented on the ICX official website as a “Blockchain network for hyper-connected society”.

According to the mentioned team member, ICX was nothing more than “just another ICO” back at the time when they had nothing but big dreams, a website and their ICO waiting to go live with trading.

Now, we can see a completely different picture, as ICON was apparently made to thrive in the crypto market, which, in a great portion, made the nickname “Korean Ethereum”, completely justified as Ethereum network poses as a model for the majority of assets with native platforms, mostly due to the revolutionary use of smart contract technology which allows the creation of Dapps, different types of bonds and contracts, as well as the needed tools for developers to make their own ICOs and blockchain-based projects.

Now, ICON represents a valuable and efficient network that allows its users to use smart contracts for making their own projects, which in a way resembles Ethereum. However, ICX platform is unique due to the fact that this network’s main objective is to connect the mentioned projects while interconnecting all sorts of blockchain-based projects, assets, and ICOs.

ICON: All-in-One Blockchain Ecosystem

One of the greatest advantages of the ICON blockchain network is the fact that ICX makes up for an “all-in-one” ecosystem that represents a smart combination of peer-to-peer network, smart contract utilization and creation, and consensus algorithm.

With this combination, ICON has acquired a massive technological potential that can be reflected in the fact that there are numerous investors interested in Korean Ethereum, given the fact that ICON can make up for a groundbreaking technology for hyper connecting people and business, with an easily scalable ecosystem for different industries, including financial industry, medicine, education, insurance and more.

In addition to promoting a groundbreaking technology when it comes to creating a perfect (or near perfect?) blockchain network, ICON stands out from the crowd due to the fact that smart contracts on ICX platform are running without the need of the VM, while simultaneously supporting live transactions with the support of LFT and BFT protocols.

ICON and Partnerships

Partnerships make up for one of the crucial factors for evaluating the technological capabilities of a certain network, as well as for evaluating the overall efficiency of the given platform.

That is how ICON presents yet another reason that could help an indecisive investor or a crypto enthusiast to make up their mind and go for ICX platform. Given the fact that this P2P network holds a massive potential for all sorts of different industries, ICON has acquired more than a couple of strategic partnerships that could sky-rocket this ICO above and beyond its current spot on the list.

Besides from having been partnered up with Samsung, thanks to the unique system of identification, called Chain ID, ICX has acquired many important partners, including Japanese corporation called LINE, Wanchai, and Hyundai.

As these partnerships play a crucial role in the further stages of mass adoption for ICON, the mentioned partnerships make up for yet another reason why ICX represents one of the most promising networks currently available in the market. LINE, the mentioned Japanese company solely has over 200 million users, each potentially representing an ICX holder with this latest partnership.

How is ICON (ICX) doing at the Current Moment?

After the latest change in the market, ICX has started to trade in the red once again after a brief pause that didn’t last for long.

That is how we can see ICX dropping against the dollar on June 2nd, which once again shows a sluggish trend that has been continuously adopted by the majority of currencies since the great market dip.

Following the latest change in the market, ICX can be traded at the price of 2.71$ per one unit, as it dropped by -0.82% against the dollar, which is, in reality, a rather small decrease.

ICX has set a record price of over 12$ per one unit back in January, while it would be hopefully able to get back to its all-time high in the following months.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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