ICX, also known as ICON, is hailed as the 'Ethereum' in South Korea.
Project Background: Initiated by South Koreans, it targets Ethereum and aims to achieve interconnection and transactions between different blockchains, standing out as a prominent cross-chain public blockchain.
Technical Features: It adopts the BFT-DPoS consensus protocol and DPoC economic regulatory protocol, capable of processing hundreds of transactions per second, with processing speeds far exceeding Ethereum, ensuring the integrity and transparency of data and asset transfers.
Applications and Implementation: Blockchain alliances have been established in multiple sectors in South Korea, providing distributed application services such as cross-domain blockchain ID, payment, and transactions, which are currently applied across various fields in South Korea.
Value and Prospects: As a national-level blockchain project in South Korea, it receives governmental support and has a wide range of application scenarios and decentralized characteristics, making it considered worthy of long-term investment.
In summary, ICX holds an important position in the South Korean blockchain sector, with broad application prospects, making it one of the projects worth investors' attention.