Bridging Blockchain with the Real World
By Saugat Singh
A blockchain is, in the simplest of terms, a time-stamped series of immutable record of data that is managed by a cluster of computers not owned by any single entity. Cryptocurrencies are the currency used in blockchain environment for different functions like creation of data, reward to the computers who builds/validates the transaction etc. Others can get a hold of this currency could be changed into the currency of real world through the exchanges.
Why invest in blockchain ?
1. Ideology (Decentralized System)
If you’re not a big fan of the government, the big banks or monopolistic corporation, then cryptocurrencies are perfect for you. The crypto payment is anonymous in nature without interference from external environment.
2. Opportunity for ROI
The crypto world is extremely intimidating, due to the complexities in understanding the technology. The use of technical computing terms can confuse and deter outsiders. The fact that the Cryptos intimidate most people is the very reason why you would want to be in it. Jumping on the bandwagon earlier than most would give you an edge, both in terms of potential gains and experience.
Make sure sufficient due diligence is undertaken before investing.
3. Bragging Rights
Imagine having the opportunity to be part of the internet revolution in the 1990s. It was a perfect opportunity for you to acquire a vast amount of wealth and more importantly, bragging rights. It is not too late to invest. There are some emerging blockchain platforms which huge potential for future growth.
Why ICON ?
Lead by the Seoul-based ICONLOOP (formerly theloop), ICON (ICX) aspires to build a decentralized network that allows different blockchains to transact with one another. The project’s goal is to unify the balkanized blockchain ecosystem through its protocol and community-building initiatives. Potential use cases for ICX include transactions involving securities, currencies, loans, intellectual property, and personal authentication
1. DApp and Accelerator programs
ICON pursues DApp partners focused on both B2C and B2B products through the newly established ICON LAP100 (ICON Loopchain Alliance Program) and their global accelerator program, ICX Station. ICON has currently formed partnerships with more than 30 companies to carry out collaboration projects, and already secured 13 new partners this year.
2. Technical stronghold
ICON announces plans to release its decentralized exchange (DEX) and decentralized identification (DID) in the first half of this year. ICON has already released ICONex, the wallet that supports transactions across multiple cryptocurrencies with a user-friendly UX/UI, and ICON Tracker, which is a block explorer for ICON that displays all transaction records on the network to enhance transparency and data accessibility.
Useful Links
https://medium.com/helloiconworld/
http://masterthecrypto.com/too-late-buy-bitcoin-invest-cryptocurrency/
