ICON is a public blockchain protocol for decentralized applications. As an aggregator chain, it achieves interoperability, a web of interconnected networks aggregating all blockchain data into one layer.
The ICON blockchain is powered by a high throughput blockchain engine called ‘goloop’, developed and updated by blockchain industry leaders, ICONLOOP. In the process, ICON has made several industry breakthroughs, including its recent consensus algorithm and interoperability protocol: Blockchain Transmission Protocol.
The ICON blockchain consists of two primary actors:
Thanks to the vibrant community, the ICON blockchain is continually expanding. Protokol7 has made the decision and commitment to build on the ICON blockchain to drive sustainable and long term value for users.
Our mission is to create user-friendly applications that help people access decentralized financial services.
With many years of experience in application development, UI/UX design, tokenomics, game theory and marketing, we are a well-versed team in the ever-evolving crypto currency and blockchain industry.
We work closely with our users and collaborators in the blockchain community to get a better understanding of their needs so we can provide the best experience and service possible.
A Public Representative (P-Rep) is a full node on the ICON Blockchain that participates in consensus and governance. P-Reps consist of the top 22 Main P-Reps and 78 Sub P-Reps, and are elected by ICONists.
Protokol7 is at the time of writing one of the Main P-Reps. We securely run and manage a consensus node that produces and verifies blocks as well as participate in network policy decisions on the ICON Blockchain.
Our node instance is running on AWS cloud provider, guarded by Nginx and monitored by updown.io. We are proud to be one of the best performing ICON nodes with with productivity measured at 99.5%. Productivity = blocks produced / (blocks produced + blocks missed). Check it out here.
The Contribution Proposal System (CPS) is a decentralized grant program that supports developers and teams wanting to build on the ICON blockchain. We’re proud to have received the approval vote by the ICON Public Representatives for both Karma Finance and Convexus funding so far. ICON’s CPS is operated in a decentralized manner, and doesn’t require KYC checks for applicants. Additionally, the CPS pays out via the bnUSD stablecoin, which means you don’t need to worry about market volatility while working on your project.
If you’re interested in contributing to the ICON ecosystem, we’re keen to hear your thoughts and proposals. Whether your focus is development, marketing, or community building, ICON’s CPS and Protokol7 can support!
ICON’s Blockchain Transmission Protocol (BTP) allows cross-chain interoperability between blockchains. BTP is able to facilitate cross-chain communication in a fully-decentralized way that doesn’t leave custody of funds to a centralized entity or a small group of operators.
Blockchains such as BNB Smart Chain, NEAR, Harmony, Algorand, and Moonbeam are all in the process of integrating BTP into their respective ecosystems. We look forward to working with our ecosystem partners and community to build a more interconnected ecosystem!