icon (icx) wallet
what is an icx wallet?
What is ICON (ICX)?
ICON (ICX) is a decentralized platform with an innovative consensus mechanism, enabling different blockchain governances to connect with one another without intermediaries.
ICX aims to operate a world of true hyperconnectivity where the crypto world directly connects and communicates with our real world. Through ICX, previously disconnected industries like healthcare, finance, and education can cooperate seamlessly and in real-time to boost efficiencies, improve customer experiences, intensify transparency and maximize sustainable revenue. The goal is to build a ' living organism’ where faster money remittance and frictionless value exchanges are possible irrespective of economic boundaries.
ICON (ICX) already boasts communities comprised of reputable institutions – banks (Woori Bank and SBI Ripple Asia), insurance (d.Lemon, Kyobo, Won), hospitals (Severance Hospital, Samsung Medical Centre), and universities (Korea University, Sogang University, Sogang University of Science and Technology).
How does ICON (ICX) work?
ICX can be pictured as the United States (“ICON Republic”) where different blockchains operate as states (“communities”). Each community has different compositions and scales of nodes (“C-Nodes), and elected officials (“C-reps”) that govern these communities and receive incentives for its maintenance and activation of ICON Republic.
ICON Republic's governance is regulated by votes of C-Reps, acting as a communication channel between communities.
C-Reps are connected to Nexus, the loopchain-based blockchain that underpins the ICON Republic. C-Reps are Portals for communities to interact with Nexus and other communities through the ICON Republic.
What does ICON (ICX) aim to solve?
The main purpose of ICON (ICX) is to act as a bridge between various implementations of the enterprise solution, while also providing the benefits of a general-purpose, smart contract enabled, public blockchain platform.
Through the ICON Republic, previously isolated communities can now share different services and interact with each other. Communities via loopchain protocol can exchange different cryptocurrencies from DEX wallets for various services including finance, insurance, education, healthcare, etc.
What are the best ICON (ICX) Wallets?
Before buying ICX, it’s crucial to find a safe, user-friendly ICX wallet where you can securely manage them.
If you are new to crypto, you must look out for an ICX wallet that has a very friendly interface. It’s important to choose an ICX wallet that allows you to remain in charge of your private keys at all times. This ensures that you are the only one who can access your funds.
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ICX Price Prediction
In October 2017, ICON (ICX) conducted an ICO with a total supply of 800,460,000 ICX. Half of them were sold to the public and circulating.
ICX is tied to Bitcoin’s price performance just like the rest of the market. Since Bitcoin is likely to embark another bull run in 2020, we can expect some swings and moves upwards by ICX as well. Thus, ICX already did a 4x increase to its 2019 price, 2020 will be a year of potential big moves (more likely upwards) and we can see ICX at least doubling its end of 2019 price value.