How is the market competition of ICX in the national blockchain?

From a technical perspective, ICX is a cross-chain project, so it has to face competition from similar projects such as AION and WanChain.

According to the analysis before the standard consensus, AION and WanChain are also more original and innovative in cross-chain technology. Cross-chain technologies like Cosmos

are relatively mature. Coupled with the emergence of new projects in this field, ICX faces fierce competition.

ICX's main chain is based on Loopchain and uses the LFT consensus mechanism. The security of this modification of the Byzantine fault-tolerant algorithm needs further observation.

Market View

ICX's core advantage lies in the integration of cross-chain resources. In addition, ICON has real-time transaction confirmation speed, and the transaction fee is relatively low at the current price. Teams like ICON, which aspire to be national blockchains, have established cooperative relationships with a large number of local tycoon consortiums. The advantage of large consortiums is that they bring their own traffic, and it is relatively easy to establish an ecosystem in the early stage. Therefore, ICON has currently connected various social organizations such as banks, securities companies, insurance companies, hospitals, universities, and e-commerce in South Korea. In this way, distributed application (DAPP) services such as blockchain ID, payment and transaction can also be used across fields.