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

ICON whitepaper

What Is ICON?

JP Buntinx

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
AlleyWatch
August 22, 2020
AlleyWatch
The Pulse of New York Tech
lalorek
August 20, 2020
SiliconHills
ICON, the Austin-based startup that builds homes with its giant 3-D printer using concrete as substrate, on Wednesday announced it has closed on $35 million in funding. Previously, the company raised $9 million in seed-stage funding. ICON is arguably one of Austin's most innovative startups tackling big problems like building homes for the city's homeless ...
Brent Wistrom
July 31, 2020
AmericanInno
ICON, which has 3D printed homes in Austin and Mexico, has teamed up with the Department of Defense's Defense Innovation Unit to 3D print a structure used to hide military vehicles at Camp Pendleton in California.
Omar Faridi
July 7, 2020
Crowdfund Insider
South Korean blockchain project ICONLOOP acquires $5 million in additional investments, after receiving capital from major a Fintech fund.
Omar Faridi
June 6, 2020
Crowdfund Insider
South Korea's $100 million K-Growth Fintech Innovation Fund to provide funding to blockchain project, ICONLOOP.
Katie Canales
October 13, 2019
Business Insider
The Austin startup can build 3D-printed homes on-location, instead of at an off-site factory, for cheaper than traditional home building.
October 12, 2019
The Indian Express
NASA finally launched its Ionospheric Connection Explorer (ICON) satellite into the orbit. The ICON will be studying the Earth's ionosphere, which is a massive layer of our planet's atmosphere that overlaps with the boundary of space.
Invalid Date
NDTV Gadgets 360
The Icon satellite will study the airglow formed from gases in the ionosphere and also measure the charged environment.
Genevieve Scarano
October 8, 2019
Geek.com
NASA's Ionospheric Connection Explorer (ICON) satellite is ready to explore the region where our planet's weather and space weather meet. The agency's ICON satellite is set to takeoff from a Northrop Grumman Pegasus XL rocket ...
May 16, 2019
WebWire
ICON plc, (NASDAQ: ICLR) a global provider of drug and device development and commercialisation services to pharmaceutical, biotechnology, medical device industries, announced that it has been awarded the Clinical Research Team of the Year (with Eli Lilly and Company), for the second consecutive year, and Best in Health Economics and Outcomes Research (with Bristol-Myers Squibb and LATITUDE, powered by AXON). The awards were presented at the annual Clinical and Research Excellence (CARE)...
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