Measures absolute and relative price fluctuations over several time frames and other variables.
Calculates returns in comparison to moving averages and other factors.
Measures the ability to scale, upgrade and other technological weaknesses or strengths.
Evaluates public acceptance, participation of developers and other key factors.
ICON’s goal is to hyperconnect the world through the “Loop.” This effort will be made possible through connecting different industries (hospitals, banks, e-commerce) through the Blockchain. With the partnerships they have established, they have a good practice field to prove their worth.
ICX began to be widely traded at the end of 2017 which has since proved to be a very weird time for all crypto token values. With that understanding, it’s too early to make any solid predictions about the token value.
The ICON ecosystem offers several advantages including a decentralized exchange, real-time transactions, and AI support called DAVinCI.
ICON also boasts a powerful tool: the Loop Fault Tolerance (LFT). The LFT is an enhanced BFT (Byzantine Fault Tolerance) 32-based algorithm with benefits that include faster consensus while ensuring the finality of the consensus without the possibility of forks within the network.
ICON has assembled an experienced team and has orchestrated partnerships with several South Korean universities, private banks, and security firms. Of all the partners the most notable one is Samsung Securities. ICON has set themselves up for success now we will see if they can deliver on their promise and if it will make a noticeable difference.
ICON isn’t trying to convert one industry to the blockchain, ICON is aiming to convert all industries to use the blockchain and to improve communication between the industries through their system. This means that universities, security firms, banks, hospitals and other private blockchains will all be able to share information through ICON’s online ledger without intermediaries.