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ICON (cryptocurrency)

ICON (cryptocurrency)

ICON is a decentralized application platform utilizing a consensus algorithm called loopchain fault tolerant (LFT), a derivation of tendermint's byzantine fault tolerant algorithm. The loopchain platform is designed to enable transactions between independent ICON blockchains to form a community called a nexus.

ICON is a decentralized application platform utilizing a consensus algorithm called loopchain fault tolerant (LFT), a derivation of tendermint's byzantine fault tolerant algorithm.

Architecture

The loopchain platform is designed to enable transactions between independent ICON blockchains to form a community called a nexus.

Source: ICON whitepaper

Source: ICON whitepaper

The ICON network is designed to be composed of five entities: A community, a C-Node (community node), a C-Rep, a ICON Republic, and a citizen node. Communities of the icon network operate on their own unique governance system determined by the business needs of that community. These communities could be groups of universities, hospitals, banks, and other businesses who are following a specific protocol. Communities could also be other independent blockchains such as Ethereum or Bitcoin. These communities can transact with one another through the ICON republic, which is controlled by a group of nodes called C-Reps.

Consensus

The consensus algorithm ICON utilizes is called Loop Fault Tolerance (LFT). ICON describes LFT as a continuation of the BFT approach by Tendermint with a simplification of the algorithm for selecting a primary node.

Timeline

People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

A Primer to LFT (Loop Fault Tolerance) Consensus Algorithm

2infiniti

Could This Blockchain In Korea Be The First To Connect An Entire Country?

Elaine Ramirez

Documentaries, videos and podcasts

Title
Date
Link

ICON Project: Interconnecting Blockchain Network

Aug 31, 2017

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
WION Web Team
July 4, 2021
WION
NASA will be launching two sounding rockets under its Dynamo-2 mission to team up with a satellite. This will help in studying the giant electric current in Earth's ionosphere.
Moretz Marketing
June 25, 2021
www.prnewswire.com:443
/PRNewswire/ -- kathy ireland® Worldwide (kiWW®) and its Chair, CEO and Chief Designer Kathy Ireland, were announced today by License Global Magazine at the...
Matt Williams
June 18, 2021
phys.org
In October of 2024, NASA's Artemis Program will return astronauts to the surface of the moon for the first time since the Apollo Era. In the years and decades that follow, multiple space agencies and commercial partners plan to build the infrastructure that will allow for a long-term human presence on the moon. An important part of these efforts involves building habitats that can ensure the astronauts' health, safety, and comfort in the extreme lunar environment.
June 17, 2021
Bollyinside - US Local News & Breaking News Stories
The Lunar Lantern emerged from Project Olympus, a research and development program made possible thanks to a Small Business Innovation Research (SBIR)
Ben Adams
May 5, 2021
FierceBiotech
Icon is paying $12 billion to snap up rival CRO PRA Health, and its quarterly figures show that looks like a good deal for future growth.
Ben Adams
May 4, 2021
FierceBiotech
Icon had a tough 12 months but is bouncing back in 2021 with returns to growth, new collabs and, oh, that $12 billion deal to snap up a rival company.
Diamyd Medical AB
April 15, 2021
www.prnewswire.com:443
/PRNewswire/ -- Diamyd Medical has contracted the global contract research organization (CRO) ICON plc for DIAGNODE-3, a placebo-controlled Phase III precision...
Kim Lyons
March 11, 2021
The Verge
ICON used its massive Vulcan 3D printer to create the first floors of four houses in East Austin, Texas. Each of the houses is between 1,000 and 2,000 square feet.
Ben Adams
February 24, 2021
FierceBiotech
After a flurry of CRO takeovers a few years back, the megamerger market went quiet. But, today, as the industry hauls itself out of the pandemic funk of 2020, Icon is getting out its checkbook in a massive $12 billion buyout of PRA Health.
Nadia Daly
November 23, 2020
www.abc.net.au
With bills and debts mounting and owners unable to sell the uninhabitable apartments, some Mascot Towers residents are now calling on the NSW Government to buy the building.
Daniel Martin
November 18, 2020
Digital Trends
Wondering how to check your PC's frame rate when playing video games? You probably already have a tool from AMD, Nvidia, or Windows already installed.
Dave Johnson
November 16, 2020
Business Insider
A computer virus is a type of malware that can replicate itself on your computer and spread to other devices.
Sponsor Post
November 16, 2020
Business Insider
Bayer is working to improve the quality of life for people worldwide, all while conserving earth's natural resources.
Madeline Stone
November 16, 2020
Business Insider
When it comes to fighting racism in retail, companies need to "walk the walk," Cassi Pittman Claytor said.
Graham Rapier
November 16, 2020
Business Insider
Executives at Atlas Air, which counts Amazon as an investor and customer, say the company fully qualified for CARES Act funding.
Aaron Holmes
November 16, 2020
Business Insider
One post depicted Russian hackers as a clumsy cartoon bear dropping Halloween Candy, and another showed a wide-eyed sloth in front of a laptop.
John L. Dorman
November 16, 2020
Business Insider
The former president discussed the differences between his 2008 campaign and today's landscape, where many voters rely more heavily on national media.
Greg Magana
November 16, 2020
Business Insider
In the final of three updates, Insider Intelligence looks at how different lenders fared at implementing the PPP.
Melanie Weir
November 16, 2020
Business Insider
You can use Siri voice commands to control certain features of your iPhone through the virtual assistant hands-free.
Grace Panetta
November 16, 2020
Business Insider
The government granted Moderna nearly $1 billion to support vaccine developments and committed $1.5 billion towards manufacturing and delivery.
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