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Decrypto

Blockchain & Crypto Analysis

ICONLOOP, ICX Buyback Program, and ICON Open Sourcing

Saturday, August 11, 2018

ICON Foundation dropped a ton of news. Let’s get into it.

theloop Rebrands to ICONLOOP

ICON Foundation:

theloop, ICON Foundation’s main technology partner, has agreed to rebrand itself to ICONLOOP. The change will take place immediately, but will be fully reflected on the website and other marketing materials in near future.

This is a very smart and strategic move by theloop and ICON. Over the past year, we’ve seen many significant partnerships between theloop and institutions such as Nonghyup Bank, Kyobo Insurance, and the Korea Customs Service. Instead of broadcasting these announcements on theloop’s blog, the team chose to publish these updates on ICON’s official blog. I viewed this as ICON subtlety hinting at the possibility of future interoperability between these loopchain-based private blockchains, but many saw this as ICON using theloop’s partnerships for positive PR. Today’s rebranding of theloop successfully kills this FUD.

On a deeper level, the team had two options – feature ICON or feature theloop. In this case, the team chose to rebrand theloop to ICONLOOP, despite the fact that theloop has been around much longer than ICON. This is a strategic move that ensures ICON is the flagship product moving forward. On an aesthetic level, theloop’s branding involves all lowercase letters, while ICON’s is comprised of uppercase letters exclusively. Instead of branding ICONLOOP as ICONloop or loopICON, the team has chosen to change theloop’s identity to conform to the ICON brand – subtle but significant.

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NEM – The New Economy Movement

Monday, August 6, 2018

The NEM protocol has been built from the ground up to be an enterprise-grade solution for companies looking to implement blockchain technology into their businesses. Its goal is to provide value by drastically reducing the cost of business transactions. To assist in this goal, Mijin was introduced as a private blockchain to compliment NEM. The NEM protocol can be used to integrate different Mijin blockchains into one network economy, thus the New Economy Movement (NEM).

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Hyperconnectivity – A Look at ICON’s Business Philosophy & Strategy

Thursday, August 2, 2018

In this post, I’ll share my personal views on ICON’s business strategy and philosophy and how they affect the project’s public perception and expectations. Please note this is not investment or financial advice.

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How to Build a Diversified Cryptocurrency Portfolio

Sunday, July 22, 2018

In this post, you’ll learn how to build a diversified portfolio in the cryptocurrency market. Please keep in mind that this article is not intended to be financial or investment advice. Its goal is to teach you about the various opportunities in the cryptocurrency market and how to maintain safe investment practices based on your risk profile.

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Privacy Coins – An Introduction to Private Cryptocurrencies

Saturday, July 21, 2018

Over the past decade, we’ve seen explosive and unprecedented growth in the cryptocurrency market. In 2008, one Bitcoin was worth $0.003. Today, the price of Bitcoin sits at $7500 after hitting an all-time high of $20,000 during December 2017’s historic bull run. While Bitcoin was experiencing exponential price discovery, people around the world started realizing our collective reliance on banks for financial services and the importance of individual financial privacy. We live in a world where first world countries like Japan and Sweden have implemented negative interest rates, international wire transfers are costly and time-consuming, and 2 billion people remain unbanked and without access to basic financial services.

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