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Topic: What is ICON (ICX) how do you understand it? (Read 110 times)

newbie
Activity: 45
Merit: 0
January 18, 2018, 05:04:19 AM
#1
So I've read the white paper and I'm still confused. They are talking about loop-chain technology but at the same time they are talking about other coins such as U-Coin used by universities in Korea.
Is ICON like Ethereum platform for smart contracts or is it more like a new type of network, a new internet so to speak, where you can move your coins around?
I'm confused... are those new coins on ICON network like mentioned before U-Coin created buy ICON team or created by independent teams and they only move ICON network + loop-chain technology to support them?
Can't wrap my head around it. I'd appreciate if you could share your thoughts.

Thanks!
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