ICON Network is a layer-one blockchain focused on building a multichain bridging solution that is scalable, chain-agnostic, and secure. ICON is a hub that connects partner blockchains with all other blockchains integrated via BTP. Blockchain Transmission Protocol (BTP) is ICON's main product and interoperability solution that supports cross-chain token swaps as well as more generic messaging features like corss-chain smart contract calls.
Currently, ICON is an interchain blockchain that connects various blockchains such as Bitcoin, Ethereum, and Qtum. ICON network has connected various social organizations including many Korean banks, securities companies, insurance companies, hospitals, universities, and e-commerce.
ICON (ICX) is the native cryptocurrency of the ICON network. It was launched in 2017 and aims to improve the connections between blockchain software programs via the ICON network. Essentially, Icon operates as a hub where networks can easily integrate and interact with other networks. It aims to mirror real-world economies where various entities such as businesses, nonprofit organisations and public institutions can interact with one another through a common means of value.
