The community arm of the ICON Network, the ICON Foundation, has announced the roadmap for its next-generation blockchain software called ICON 2.0.
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The new version of the network will not require a bridge or token swap, but will be seamless to current users, while providing superior functionality, states an official press release that was shared with iHodl.
The blockchain engine of ICON 2.0 is written in Golang with an improved experience over the existing Python-based loopchain, including more speed, stability and scalability than the current architecture.
The new platform will also include interoperability features to support and power cross-chain decentralized finance (DeFi) solutions.
The development of ICON 2.0 is expected to be completed by Q2 2021.
In August, Korea's most popular destination, Jeju Island, started tracing the spread of coronavirus infection with the help of ICONLOOP's blockchain technology called Decentralized Identity (DID).
ICONLOOP (ICX) has already signed an agreement with the Jeju Special Self-Governing Province to combat the spread of the virus.
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