Ano ang Icon? (ICX)
The Beginner’s Guide
Icon aims to build a decentralized network of networks powered by cryptocurrencies.
In this way, Icon describes its goal as being to establish a “digital nation” wherein different economic actors can issue and control their own forms of value, under rule systems they select.
The inspiration behind the design is the structure of real-world economies, in which businesses, nonprofits and public institutions, all leverage a common means of value (a national currency), yet remain distinct but interoperable economic actors.
Put another way, the idea is that computer applications can use the Icon software as infrastructure to create their own currencies and economies. Computers running the software (nodes) can then elect to support economies in the Icon ecosystem according to their interests.
The Icon Republic acts as the center of the Icon blockchain’s operation, governing the process by which new ICX cryptocurrency is minted in each block.
As of 2020, the Icon team continues to release updated roadmaps regularly on Medium.
Sino gumawa ng Icon?
Itinatag noong 2017, ang Icon ay inilathala ng Icon Foundation, isang samahan na nakabase sa South Korea na naghimok ng pag-unlad para sa proyekto.
Noong Setyembre 2017, isang initial coin offering (ICO) para sa cryptocurrency ng Icon, ang ICX, ay naimpok ang 150,000 ETH (halos $ 43 milyon) sa isang pagbebenta na may kasamang 50 porsyento ng token supply ng Icon.
Ang opisyal na paglunsad ng Icon blockchain ay naganap noong Enero 2018 at natanggap ng mga kalahok ng ICO ang kanilang ICX cryptocurrency noong Hunyo ng taong iyon.
Noong 2019, naglabas ang Icon ng sarili nitong pamantayan sa token, ang IRC16, na nagbibigay-daan sa mga user upang mag-isyu ng mga tokenized asset at security.
Paano gumagana ang Icon?
The Icon blockchain uses a delegated proof-of-stake consensus algorithm to determine which nodes can add new blocks to its blockchain.
Icon’s blockchain, in particular, ensures collaboration between five major components.
Icon Republic – The network’s governing structure and the decision committee for the blockchain’s operations. Icon Republic is composed of nodes from Icon communities.
Icon Communities – A network of nodes within a single governance system, Icon communities can operate with their own set of rules and consensus algorithms.
Community Representative (C-Rep) – Elected nodes from each community trusted to communicate with Icon Republic. C-Reps receive ICX for their work.
Community Nodes (C-Nodes) – Act as infrastructure for each community and are responsible for governing and maintaining a community’s blockchain.
Citizen Nodes – Don’t have voting power, but have the ability to make transactions within a community, with other communities and with the Icon Republic.
How Loopchain Works
Loopchain is the algorithm that powers the Icon blockchain, integrating messaging between all the nodes that make up the Icon Republic.
To accomplish this, Loopchain uses something called the Loop Fault Tolerance (LFT) algorithm.
Similar to other delegated proof-of-stake (DPoS) algorithms, Loopchain assigns nodes to group transactions into blocks, add those blocks to the blockchain and distribute these blocks to other network nodes. Validation nodes, in turn, confirm the creation of the block, check if the block hash is correct and validate the block data.
How Icon differs from a traditional DPoS blockchain is that it reduces the number of steps needed for the consensus process.
More specifically, LFT uses a technique, called Spinning, that simplifies the algorithm used to select who can create blocks and the validator nodes that confirm them.
Why does ICX have value?
Core to Icon’s economy is a concept called the “Icon Incentives Scoring System” (IISS), an algorithm tasked with measuring contributions to the ecosystem and distributing ICX.
This model differs from what is commonly implemented on Bitcoin (BTC) and Ethereum (ETH), where a single group (miners) must buy specialized computer hardware and burn energy to compete for the new cryptocurrency it mints.
Each ICX cryptocurrency can be locked, or “staked,” to represent one vote that can be delegated to support various entities.
Representatives – Block producers and validators in the Icon Republic, consisting of public and community representatives.
Dapps – Decentralized applications operating on one or more smart contracts.
EEPs – Projects funded by the Icon blockchain and that are meant to encourage the growth and expansion of the ecosystem.
By staking ICX, owners and the entity they delegate votes to receive a small reward. The IISS uses staking to determine I-Score, a unit used to quantify a user’s contribution to the network.
More details on ICX staking can be found here.
The IISS dynamically determines the rewards and issuance rates per block using variables including Public Representative votes (C-Reps), the amount of transaction fees in a block and the total amount of ICX staked. These variables are also used in the I-score calculation.
New ICX cryptocurrency is minted every block and sent to a public treasury contract where contributors can claim ICX as determined by their I-Score. The amount of ICX minted is determined by the amount of transaction fees in each block.
If the amount of transaction fees within a block is equal to the required ICX issuance, no new ICX cryptocurrency will be minted.
Mga Crypto Guide ng Kraken
- Ano ang Bitcoin? (BTC)
- Ano ang Ethereum? (ETH)
- Ano ang Ripple? (XRP)
- Ano ang Bitcoin Cash? (BCH)
- Ano ang Litecoin? (LTC)
- Ano ang Chainlink? (LINK)
- Ano ang EOSIO? (EOS)
- Ano ang Stellar? (XLM)
- Ano ang Cardano? (ADA)
- Ano ang Monero? (XMR)
- Ano ang Tron? (TRX)
- Ano ang Dash? (DASH)
- Ano ang Ethereum Classic? (ETC)
- Ano ang Zcash? (ZEC)
- Ano ang Basic Attention Token? (BAT)
- Ano ang Algorand? (ALGO)
- Ano ang Icon? (ICX)
- Ano ang Waves? (WAVES)
- Ano ang OmiseGo? (OMG)
- Ano ang Gnosis? (GNO)
- Ano ang Melon? (MLN)
- Ano ang Nano? (NANO)
- Ano ang Dogecoin? (DOGE)
- Ano ang Tether? (USDT)
- Ano ang Dai? (DAI)
- Ano ang Siacoin? (SC)
- Ano ang Lisk? (LSK)
- Ano ang Tezos? (XTZ)
- Ano ang Cosmos? (ATOM)
- Ano ang Augur? (REP)
Bakit kailangan mo gumamit ng ICX?
Maaaring maging interesado sa Icon ang mga developer na naghahangad na bumuo ng mga application sa public blockchain na nag-aalok ng kakayahang hawakan ang mataas na bilang ng mga transaksyon.
Bilang isang halimbawa, ang Icon Foundation ay nagsasabing ang teknolohiya nito ay ginagamit upang ma-secure ang mga mdeical record at upang mapabilis ang mga claim at pagbabayad sa mga insurance sa industriya ng insurance, bukod sa iba pang mga kaso ng paggamit.
Sa mga interesado maaaring maging strategic positioning ng Icon sa South Korea market, na maaaaring maging isang advantage sa pagbuo ng attention at mga partnership.
Ngayon ay handa ka nang gawin ang susunod na hakbang at bumili ng ICX!