ICON is a distributed blockchain network focused on interoperability. With ICON's "Blockchain Transport Protocol," independent blockchains like Bitcoin and Ethereum can connect and transact with each other.

Connecting cryptocurrencies to the real world and moving our society toward true hyperconnectivity.

Major platforms like Ethereum also need to be more scalable, but minor differences in technology should not be the core focus or selling point of the project, especially since blockchain technology, most of which is open source, still does not have meaningful global adoption scale. In any open source environment, companies and projects learn from each other because code can be distributed online for free. The technology will eventually follow. The harder and more important task is to educate companies, lower barriers to entry, and build a broad network of companies and people who will find it beneficial to join. This will eventually lead to true mainstream adoption.

The ICX ecosystem is similar to a "federal state" : Republic is the federation of all the blockchains in the ecosystem, Nexus is the parliament, and the different blockchains are like a small independent community; A small community is connected to a Nexus through a Portal composed of multiple C-reps to form a larger community. Token transactions and transaction decisions between different blockchains must be approved by the delegation Portal.

The main players in the CX ecosystem are: Nexus Nexus is a lightweight client that aggregates multiple blockchains. Each blockchain connects to the Nexus via Portal and becomes a node in the Nexus blockchain network. The Nexus main chain is based on Loopchain, and consensus is based on LFT consensus algorithm, which is also unique to Loopchain. Each Portal is made up of C-Rep representatives representing the small community who vote on matters. Portals act as a component that connects a separate blockchain to the Nexus. Portals connect to the Nexus using the BTP protocol (explained below). Portals can be formed by a single node or a combination of nodes, depending on each blockchain, or they can be organized by different consensual protocols. Nodes in the Nexus are managed according to the Group function of Loopchain. Blockchain Transmission Protocol (BTP) BTP is the Protocol that different blockchains follow to connect to Nexus. The blockchain that sends the data is sent to the destination blockchain through Notary Channels in the Nexus. Notary Channels realizes the "group" function based on Loopchain. It can confirm individual blockchain transactions via a blockchain light client connected to the Nexus. In addition to the main parts and protocols that make up the network, ICX's products include DEX, a distributed trading platform, and Nexus Public Channel, which supports DApps.

Transaction fee: 0.01ICX transaction fee is set for each transaction, which can be paid by ICX or converted into ICX by DEX with other tokens; Vote: C-rep (node)

Byzantine fault - tolerant ring fault - tolerant algorithm, accelerate the speed of consensus, also can be set up freely different consensus system.

Multi-channel setup: Establish multiple channels so that each channel can execute requests, protocols and smart contracts independently without interfering with each other to ensure the integrity of transactions. Modular architecture: You are free to add or remove modules as needed. SCORE (Smart Contract based on Reliable Environment) : A smart contract supported by Loopchain that can run directly in the node operating environment, provides high-performance smart contract support, and can be independent of blockchain processes to facilitate the development of different tasks. Layered system: In addition to transactions being verified through PKI-based authentication, transaction details can be audited by specific nodes.

Decentralized features will create a decentralized network of various independent social groups (hospitals, banks, real estate, KTV), and anyone can freely create DApps and smart contracts to meet the needs of different objects. Better Usability aims to inspire a wider range of real-world applications of blockchain technology, including finance, healthcare, serving communities, e-commerce and more. And develop artificial intelligence software "DaVinCl" to provide better support for the extension of ICON network. The multi-connectivity technology ICON can not only connect with BTC and ETH on the chain, but also connect with real life. Through the combination with daily life as the basis, create more business, make the industrial economy interconnection, obtain greater expansion potential.

The transaction fee generated by the transaction will be rewarded as an incentive to those who participate in the transaction, and will be allocated once for every 1,296,000 blocks; The additional ICX will be used as an incentive reward for full node and light wallet users, but the specific reward will be determined by the I_score score.

From a technical point of view, ICX is a cross-chain project, so it faces competition from similar projects such as AION and WanChain. According to the analysis before the standard consensus, AION and WanChain are also original and innovative in cross-chain technology. Cross-chain technologies such as Cosmos are relatively mature. Coupled with the constant emergence of new projects in this area, ICX faces stiff competition. ICX's main chain is based on Loopchain and uses LFT consensus mechanism. The security of this modification to the Byzantine fault tolerance algorithm needs further observation.

The core advantage of ICX lies in the integration of cross-chain resources. In addition, ICON has real-time transaction confirmation speed, and transaction costs are relatively low according to the current price. A team like ICON, whose ambition is to become a state-level blockchain, has established cooperative relations with a large number of tuhao consortia since its birth. The advantage of large consortia is that they bring their own traffic, and it is relatively easy to establish an ecosystem in the early stage. So far, ICON has connected with various social organizations in Korea, including banks, securities companies, insurance companies, hospitals, universities and e-commerce. In this way, distributed application (DAPP) services such as blockchain ID, payment and transaction can also be used across domains.

The currency of Juche in South Korea is not well developed due to its culture and language, which leads to high regional popularity, but low global popularity. In addition, the framework of the whole project is relatively large. It is necessary to link various entities and public and private chains, and each chain has different characteristics, including fast and slow, and there are still some difficulties in interaction. Their architecture is actually very complex, and voting at various levels is also added in the middle. To what extent, time will tell.

Project vision: HONGda is highly innovative. Most of the projects and community attention come from South Korea, with weak technical support ability and financial strength. The team's vague information, but the endorsement of the government, will give the project good domestic support, but will limit its growth in other countries and regions, whether HTC's vision will be realized remains to be seen.