Latest ICON updates on January 24th

The HelloiconWorld twitter account has been quite active recently with several important updates. On January 24th, they announced the upcoming Strategy AMA 2023 with Scott Smiley, which was pushed back one week in light of the Omm exploit. They also talked about the big week for $ICX, including a strategy announcement, a Messari profile, and an expanding use case for xCall. On January 23rd, they discussed the ICO boom from 100s of projects raising over $18B and a few becoming sector leaders. On January 22nd, they launched the ICON Builder Program, which is open to all, not just developers. On January 21st, they discussed the Omm protocol attack through a smart contract exploit. On January 20th, they announced the full launch of the audited bridge and that the ICON Foundation is no longer directly funding new development of ICON Core. They also discussed the Balanced Dollar (bnUSD), a stablecoin backed by crypto. Finally, on January 19th, they announced the ICON Discord and the ICON Crew3 platform, which will allow them to run initiatives far beyond the ICON Discord alone and track individual engagement and contributions.

What is ICON ?

ICON is a public blockchain protocol designed to facilitate interoperability between blockchains and to create a hyperconnected world. The ICON network is powered by a native token, ICX, which is used to pay for transaction fees and to participate in the network’s governance.

ICON’s Blockchain Transmission Protocol (BTP) enables cross-chain communication between smart contract-enabled blockchains. Through BTP, users can bridge their assets between different blockchains, allowing them to make use of different platforms and interact with different dApps. ICON’s BTP is currently compatible with multiple blockchains including ICON, Binance Smart Chain, NEAR, Moonriver, and more.

In addition to BTP, ICON also provides an easy-to-use bridging solution called ICON Bridge. ICON Bridge allows users to easily swap tokens across ICON, Binance Smart Chain, Moonbeam, and more. The ICON Bridge is operated by the ICON Foundation, which provides users with a secure and reliable way to bridge their assets.

The ICON network is also home to the Contribution Proposal System (CPS). The CPS is a decentralized grant program for teams building on the ICON blockchain. Through the CPS, developers can submit their proposals and receive funding for their projects. Unlike other grant programs, CPS pays out in bnUSD, a stablecoin, which provides developers with predictable income month after month.

Finally, ICON also provides tutorials and documentation for those interested in developing on the ICON blockchain. Tutorials cover topics such as smart contract development, DeFi, and NFTs, while the documentation provides developers with the information they need to get started.

Overall, ICON is a public blockchain protocol that enables users to bridge their assets between different blockchains, develop dApps and smart contracts, and receive funding for their projects. With its user-friendly tools and services, ICON is an ideal platform for developers who want to create projects and build a community.

This article was published on 2023-01-28 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.