South Korean Crypto Project ICON Adjusts Supply For Approaching Reshape
So far this year Bitcoin has taken the crypto limelight as its market dominance has surged at the expense of the altcoins. Many blockchain projects are still busy working hard at improvements and South Korea’s ICON is among them as it makes changes in preparation for upcoming public representative elections.
ICON Pushes Forward With Roadmap
Most altcoins have remained under the radar so far this year and ICON is among them. Traders have been focusing on Bitcoin and Bitcoin alone leaving the rest of the pack still frozen over from crypto winter. This does not mean that work has also ceased, for many it has been the opposite as teams continue to forge on improving their blockchains and ecosystems.
South Korea’s leading blockchain project is a network designed to interconnect independent chains and their communities, in essence ICON is a blockchain of blockchains. Consensus models are constantly evolving and one of the latest is delegated proof of contribution (DPoC) which takes delegated proof of stake (DPoS) a step further.
Evaluating a contribution to a network is the evolution of simply using a stake to arrive at consensus.