What is icon coin (ICX)?

The native to the blockchain coin is ICX or also referred as ICON coin, used for fuelling the network during transactions. The maximum supply is the same as the total supply of the coins – 800,460,000 ICX. The main advantage of the network is the ICON Wallet, that can operate in real time through a decentralized exchange, called DEX.

What is the official icon wallet?

The official ICON wallet is called ICONex, which was launched in February 2018. Initially it was available as a Google Chrome browser extension with the plans to expand to Android and OSx in the future. You can download the official wallet from here.

What is the icon cryptocurrency?

The ICON cryptocurrency was developed by a well-founded FinTech firm called Dayli Financial Group. The whole project aim was to interconnect the world of blockchains together. To do this, the team is building a massive platform that will allow different blockchains to interact via Smart Contracts.

What is the Icon network and how does it work?

The ICON network uses the Loop Fault Tolerance (LFT) consensus mechanism which is an incentive system resembling the Delegated Proof of Stake (DPoS) mechanism. It requires coin holders to vote for delegates, who are responsible for validating transactions and securing the blockchain.