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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.
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.
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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.
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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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.
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.
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.
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.
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.
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.