ICON and KyberNetwork partnered up to unify different blockchains, using the KyberNetwork’s token exchange service protocol.
‘Even however wij only exist on the Ethereum blockchain at the uur, it is significant to have footprints ter other protocols. The partnership with ICON enables us to attain this aspiration of supporting cross-chain transactions, thereby delivering utilities of different decentralized applications across chains,’ explained Loi Luu, the CEO of KyberNetwork.
On the other side of this partnership, there is ICON which needs cross-chain functionality spil part of its long-run project.
‘The token exchange system is a key component of inter blockchain ecosystem. Exchanges of tokens inbetween independent blockchains are one of our ongoing business goals. Our partnership with KyberNetwork brings us one step closer to inter-chain token exchange. Down the road, wij hope to connect and support extra blockchains and tokens, eventually taking the place of today’s centralized exchange staatsbestel,’ said J.H. Kim, a member ter the Foundation Council of ICON.
ICON has the aim of creating a system that unifies and integrate unlimited numbers of blockchains.
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ICX is the ICON’s crypto coin and, at the ogenblik of this article, 1 ICX can be bought for $7.Two.
You can buy ICX on HitBTC and Binance.
KyberNetwork is an exchange service that permits anyone to exchange digital assets.
The uniqueness of the KyberNetwork resides ter its derivative exchange that permits users to mitigate cryptos price fluctuations’ risks.
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KNC, the KyberNetwork’s crypto token, worth $Three.55, at the uur of this review.
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You can buy KNC on Liqui, Binance, and EtherDelta.
The strategic partnership inbetween ICON (ICX) and KyberNetwork (KNC) will most certainly bring an increase ter both ICX and KNC prices ter the future. However, the partnership is significant not te terms of ICX and KNC prices growth but te terms of what it offers to KryptoNetwork’s users: One step closer to the cross-chain exchanging.