South Korea’s ICON Releases Blockchain Interoperability Protocol

South Korea’s largest public blockchain, ICON, has released its Blockchain Transmission Protocol, allowing individual blockchains to interact and communicate with each other. ICON (ICX), South Korea’s largest public blockchain project, released its Blockchain Transmission Protocol (BTP) on May 28.  The protocol enables interoperability between individual blockchains, facilitating value transfer, service invocation and data exchange. Connecting […]

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South Korea’s Largest Crypto Unveils New Consensus Algorithm

ICON unveils a new consensus algorithm which improves scalability and network bandwidth without sacrificing security. South Korea’s largest public blockchain project, ICON (ICX), announced its new Loop Fault Tolerance 2.0 (LFT 2.0) consensus algorithm on April 8. The new algorithm claims to make performance improvements in scalability and network bandwidth over the popular Practical Byzantine […]

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