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Use Cases
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Enabling different blockchains to transact and share information seamlessly
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Empowering developers to create and deploy DApps that can interact across blockchains within the ICON ecosystem
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Facilitating the exchange of assets across various blockchain networks without a central authority
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Allowing communities to issue their own unique tokens backed by ICX and to implement token economies within their ecosystems
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Implementing an identity verification system to streamline transactions and interactions in the digital domain
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Executing automated agreement terms across various sectors such as finance, education, and healthcare without intermediaries
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Rewarding participants for their contributions to the network, fostering growth and activity within the ICON ecosystem
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Applying blockchain technology to traditional industries for enhanced efficiency and transparency, starting with sectors like healthcare, insurance, and finance in South Korea
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Encouraging community involvement in the decision-making process for the development and upgrading of the ICON network
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Allowing ICX holders to stake and delegate their coins to contribute to network security and earn rewards.
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About
ICON (ICX) is a multifaceted blockchain platform designed to facilitate the seamless interaction of decentralised applications, with its slogan Hyperconnect the World' embodying its mission. Launched in 2017 by the ICON Foundation based in South Korea, ICON aims to build a vast network of communities connected by ICON’s underlying blockchain technology, known as loopchain. The cryptocurrency, ICX, is utilised within this ecosystem for transactions, smart contracts, and incentivising participants. Positioned as an aggregator chain, ICON provides interoperability, allowing independent blockchains with varying governance protocols to collaborate and execute transactions. ICON’s decentralised exchange (DEX) and Blockchain Transmission Protocol (BTP) are pivotal advancements for facilitating asset exchange and communication across various blockchain networks, maintaining its vision of a hyperconnected world.