The month of October was particularly memorable for ICON since its decentralization marked a significant turning point for ICONSENSUS. As ICON Foundation council member Min Kim said so himself, “You are witnessing history today. This is the birth of a new digital nation.”
Here’s our brief summary of ICON’s October roadmap update, including the launch of decentralization, updates on the blockchain transmission protocol (BTP) and others.
ICON is officially decentralized! This past month saw the team working on updating block structure, completing the role switch function and developing P-Rep tools, network proposals, and election features.
As a reminder, you can monitor P-Reps’ productivity rates on the ICON Tracker. We encourage all ICONists to pay close attention to top P-Reps, who have just claimed their first rewards, and continue spreading your votes around. The 6% burn penalty will only begin on November 29th.
Beyond decentralization, the team has also made progress on its BTP, with an improved block structure that now supports BTP capabilities; the interchain communication between heterogeneous chains. The feature is currently being stabilized and ICON hopes to share more details in the near future.
Core developers have also started work on improving the P2P network and database integration, which will significantly improve basic network performance over time. ICON is working to improve the network by developing LFT2, an improved consensus algorithm that will ensure higher liveness.
Mobile staking update
The long awaited mobile staking update is almost here. Mobile development is complete, but is currently undergoing quality assurance (QA) and should be released in the coming weeks. In the meantime, you can try P-Rep Reliant Node’s unofficial mobile staking wallet, ‘MyICONWallet’.
Updated governance paper
Lastly, ICON has recently updated its governance paper, which gives more details into the Network Proposal system and outlines several network proposals that can be submitted, including Text Proposals, P-Rep Disqualification Proposals, Malicious SCORE Proposals, Step Price Proposals and Revision Proposals. As stated in the paper, “In order to pass a Network Proposal, the proposal must receive approval from ⅔ + 1 of the current P-Reps, as well as reach 67% approval of the stake-weighted vote of the current P-Reps.”
For a full list of ICON’s technology roadmap updates, you can refer to their Medium blog.