What is Icon?
ICON is a protocol for decentralized applications with a Delegated Proof-of-Stake consensus algorithm.
ICON completed its token sale in 2017 and launched its mainnet in 2018. ICON achieves high transaction throughput by assigning nodes to group transactions into blocks. Then separate delegator nodes confirm these blocks and add them to the chain.
Based in South Korea, ICON boasts a range of high-profile partnerships, including the Seoul government and Samsung, although there are few details about these partnerships.
ICON vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, ICX would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of ICX might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including ICX.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.