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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.
