The ICX currency, also known as ICON, is a digital currency used on the ICON platform, which aims to connect different networks and facilitate communication between them. ICON was established in 2017 and is one of the prominent projects in the blockchain field.
ICON is characterized by several key aspects:
1. **Connecting Networks**: ICON aims to create a network of different networks (such as blockchains) to facilitate interaction between them. Various institutions can use ICON to communicate and exchange information securely and efficiently.
2. **Smart Contracts**: The ICON platform supports smart contracts, allowing for the development of decentralized applications (dApps) that operate on the network.
3. **Governance Model**: ICON uses a governance system that allows ICX coin holders to vote on changes and updates to the network, enhancing community participation in the project's development.
4. **Scalability**: ICON focuses on scalability and transaction speed, making it suitable for use in applications that require high performance.