Blockchain
By Maheen Hernandez
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ICON is one of the largest blockchain networks in the world. People are getting ready for a world of interoperability and hyper-connected communities.
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For clarity, the ICON project are building one of the largest decentralized networks in the world. They are hyperconnecting world.
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The ICON Network is made up of different institutions ranging from, financial institutions, insurance companies, hospitals, universities and several others.
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Also, ICONick is a convenient ‘wallet ID’ used in the ICON network. Use your own unique nickname instead of a long and complicated default wallet address to conveniently…
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The latest news is the ecosystem is about the Blockchain Transmission Protocol (BTP) Working Group Update.
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First of all, Acala, Moonbeam, Edgeware, and Plasm, which are the four of the top parachain candidates in the Polkadot Ecosystem, will get integrated in to ICON’s BTP…
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Acala is known for bringing in a robust, EVM-compatible Polkadot DeFi ecosystem.
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Moonbeam brings in unmatched Ethereum compatibility with the largest and most robust portfolio of live integrations across the DeFi, NFT, and gaming spaces.
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Edgeware will be bringing in decentralized community governance.
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Plasm are bringing in a DApp hub and layer 2 solution for the Polkadot Ecosystem.
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ICON are looking forward to working closely with all these four teams to further envision several collaboration opportunities across all of their ecosystems.
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The first phase of integration by merging the necessary precompile contracts with a Polkadot EVM (Frontier Pallet) is already complete.
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The next milestone for Polkadot integration is about having testnet implementations for BTP smart contracts which is expected to be completed by the end of Q2 2021 and the…
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These BTP connections are making it possible for applications on all the four parachains to be able to directly interact with ICON, within themselves and with any other network…
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Further, it also supports cross-network smart contract interactions, cross-network token transfer, cross-network NFT transfer, and others.
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