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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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