The relationship between ICONLOOP and ICON still mystifies some observers.
That’s OK. Even we get confused about it sometimes, and we write about ICON for a living.
The company specializes in the design and implementation of blockchain technology. It has developed its own blockchain engine,
Many of ICONLOOP’s projects are private enterprise blockchain solutions based on the
To repeat, most of these projects are private blockchain networks, i.e.,
One of ICONLOOP’s projects, however, is a public blockchain network. This is the ICON project.
ICONLOOP = the company
loopchain = ICONLOOP’s independently developed blockchain engine
ICON = ICONLOOP’s public blockchain project
Of course, some of you may still be wondering how ICONLOOP’s private blockchain networks impact the ICON project. Though the ICON Foundation has already explained this on its own, we’ll provide a brief summary of our own. In short, ICONLOOP’s private blockchain networks provide important use cases for loopchain, the core technology upon which ICON is built. ICONLOOP also aims to connect the private networks to ICON’s public network in the future, consequently increasing the demand for the ICX token.
P.S.: If you need a refresher on the differences between private and public blockchains – and hey, who doesn’t? – see this helpful post at Big Blue’s blockchain blog.