Recently, there have been many discussions regarding P-Rep reward sharing in various ICON discussion channels. Specifically, ICONists are concerned about P-Rep teams offering high reward shares that augment the protocol-level rewards, in exchange for votes. In this post, we’ll discuss why P-Rep reward sharing and voter bribery are detrimental to the ICON ecosystem.
Earlier today, CoinDesk published an article that highlighted the upcoming establishment of Seoul’s “first blockchain-based administrative services” later this year in November. According to CoinDesk, “three priorities were set for completion by the November deadline” – a blockchain-based reward system that utilizes “S-Coin” for payments, a blockchain service for “submitting qualifications without paper documents,” and an enhancement of the ICONLOOP-designed blockchain-based citizen card to “enable digital authentication for the use of public services”.
Check out the first episode of “The RHIZOME Report,” a podcast dedicated to providing coverage about the ICON ecosystem. In this episode, William McKenzie chats with ICX Station’s Scott Smiley and Daeki Lee about a variety of topics including P-Rep candidacy, ICON’s penalty system, working in a globally distributed company, and more.
Episode 6 of RHIZOME Offline. Topics include ICON’s Fee 2.0, an interview with Min Kim, and an update on Pantera Capital’s relationship with ICON.
Yesterday, “Fee 2.0” was published to the ICON mainnet. Fee 2.0 is a major update to ICON’s transaction fee system that allows DApp operators to pay transaction fees for users. At first glance, this update may seem insignificant, but it’s actually a huge step in the right direction for mass adoption of DApps.