Essence of ICON Network (ICX)
ICON Network serves as the backbone for seamless cross-chain operations, fostering momentum and reputation building for various applications. The cornerstone of ICON's prowess lies in its Cross-Chain Framework, offering a user-friendly xCall messaging standard and integration with secure bridging protocols to streamline cross-chain development.
Pioneers Behind ICON Network
The brainchild of ICON Network includes Min Kim, former chief strategy officer of DAYLI Financial Group, a powerhouse in Korea's fintech landscape, and erstwhile chief operating officer at Tapas Media, a prominent U.S.-based digital content distribution platform. Kim's academic journey includes a stint at the prestigious Haas School of Business, University of California, Berkeley. Additionally, he spearheaded the incubation of ICONLOOP, the technical arm of ICON.
Distinctive Features of ICON Network
At the heart of ICON lies its native ICX coin, driving interoperability and distinguished by its mechanism of burning a significant portion of collected fees in ICX. With support for applications coded in any programming language, ICON's Cross-Chain Framework extends across a growing array of blockchains. Stay abreast with the evolving landscape of interconnected blockchains on the ICON Community website (https://icon.community/).
Securing the ICON Network
Employing a delegated proof-of-stake (DPoS) model, ICON entrusts the network's governance to registered validators, with a majority of stakeholders delegating their ICX holdings. Through DPoS consensus, non-technical stakeholders partake in staking rewards sans the complexities of node setup or participation in staking pools.
ICX holders on ICON can stake and delegate their ICX to Public Representatives (P-Reps), entities engaged in governing the ICON blockchain. This dual-tiered approach allows both passive rewards for stakers and active engagement for those inclined towards infrastructure setup and governance.
Governance on ICON is orchestrated by Public Representatives (P-Reps), necessitating an on-chain registration process along with a 2,000 ICX registration fee for aspiring P-Reps. Upon registration, P-Reps commence receiving delegation in the form of staked ICX.
Where to Acquire ICON Network (ICX)
ICX can be procured from leading exchanges such as Binance, Upbit, Bithumb, Uniswap (V2), BitStamp, and Gate.io.
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