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The ICON Network

ICON is a blockchain protocol for decentralized applications. As an aggregator chain, it achieves interoperability—a web of interconnected networks aggregating all blockchain data into one layer.

network background coveer
network background coveer

The ICON Network

What is Blockchain?

Blockchain is a growing list of records called blocks that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.

The blockchain is an open, distributed ledger that can record transactions between two parties efficiently in a verifiable and permanent way without the need for a centralized middleman.

ICON & ICX

Founded in 2017 by the ICON Foundation, ICON is a next generation blockchain protocol with smart contract functionality and interoperability. ICX is the native cryptocurrency of the ICON network.

The ICON network is powered by a high throughput blockchain engine called ‘loopchain’, developed and updated by blockchain industry leaders, ICONLOOP. In the process, ICON has made several industry breakthroughs, including its recent consensus algorithm and interoperability protocol: Blockchain Transmission Protocol.

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On CoinMarketCap

33

Total Exchange Listings

887,307

Wallet Addresses

80,821

Daily Transactions

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How Our Network is Built

The ICON Network consists of 2 primary actors: ICONists: the users, stakers and delegators of the ICON Network, and Public Representatives: those who run validator nodes on the ICON Network. Applications are the use cases of the ICON Network.

Thanks to our vibrant community, our network is continually expanding. There are several ways you can participate in and have a say in ICON’s Governance: how our network operates.

Learn about ICON Governance
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korean minstry of science
korean ministry of science

ICON in Korea and the World

ICON is a rapidly growing global project with strong roots in Korea. ICON’s key technical development partner, ICONLOOP, has received the Ministry of Science and ICT Award for its role in popularizing the blockchain space in Korea, the first and only blockchain company to do so.

ICONLOOP’s partners include Korea’s industry leaders and several government entities. ICONLOOP is currently the largest blockchain company in Korea with over 140 employees.

loop desktop
loop mobile

ICON Features

Decentralization

With ICON’s Delegated Proof-of-Contribution protocol enabling 22 fluid public Representatives to produce and validate blocks while participating in governance. ICON is one of the largest decentralized networks in the world.

Interoperability

With interoperability technology aiming to bridge all blockchain networks, both private and public, networks will be able to communicate through smart contracts on ICON’s Network of Networks.

Speed & Safety

ICON boasts blazing fast 1300+ transactions within 2 second block confirmation times and is constantly evolving. ICON has recently received high praise from KAIST University for its industry wide consensus algorithm breakthroughh, LFT2, which doubles speed without compromising safety.

Acceleration

ICON has an extensive acceleration network for its startups and partners with ICX Station partners in Seoul, San Francisco, and Tokyo. Build on ICON and receive global acceleration.