Development Progress

ICON is making serious, substantial progress in attaining its chief goal, namely, building a hyperconnected future with BTP, its chain-agnostic interoperability solution.

Major Milestones

  • 2016 
    • Founded ICONLOOP
  • 2017 
    • Launched CHAIN ID
      • The world’s first blockchain joint authentication service
    • Turned ICONLOOP’s ‘loopchain’ into an open source software
    • Founded ICON Foundation
      • Raised 150,000 ETH which helped build the ICON Network
  • 2018
    • Launched ICON Mainnet
  • 2019
    • Full decentralization (P-reps)
      • P-reps are in charge of block production and major decisions
    • Developed ’DPASS’, a self-sovereign, blockchain identification system
    • Launched the MyID Alliance (up to 86 partners now)
    • Completed Series A funding for ICONLOOP (~$9 million)
  • 2020
    • Released novel LFT2 consensus algorithm
    • Announced development of ICON 2.0 BATANG (Mid Sep 2020)
      • New blockchain software architecture based on Go
  • 2021
    • Launched “Balanced” (ICON Network’s first DeFi project) (April 2021)
    • Project Nebula (NFT Platform) launch (July 27, 2021)
    • OMM Finance launched
    • Craft Network Launched
    • ICON 2.0 Alphanet (April)
    • ICON 2.0 Launched (November)
      • ICON 2.0 mainnet upgrade was successfully completed.
      • Includes new features such as a high-performance blockchain engine written in Go, Java smart contract support, upgrades to IISS (ICON’s incentive system), and a more stable development environment.
      • Paves the way for deployment of BTP integrations.
    • ICON network upgraded to ICON 2.1 (December).
    • IISS 3.1 successfully activated on the ICON mainnet.
  • 2022
    • ICE/SNOW website goes live
      • ICE is ICON’s bid for a Polkadot parachain
      • SNOW is ICE’s canary network for Kusama
    • Launching of ICON Bridge, an interim BTP solution.