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South Korea's largest cryptocurrency 'ICON' unveils a new novel consensus algorithm 'LFT2'

Apr 09, 2020 - PR Newswire
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PR Newswire

The largest cryptocurrency project from South Korea 'ICON (ICX)' has officially unveiled Loop Fault Tolerance 2.0 (LFT2), a new consensus algorithm that improves the performance of blockchains, after 3 years of research and development. LFT2 white paper ispublished on Github. This is the first time a South Korean team successfully innovated on the most important component of blockchain technology.

Cryptocurrencies are powered by distributed systems that depend on consens...