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ICON: Voting for IISS 3.0 has started, Partnership with BlockArrow Capital and media collaboration with BTC_Manager

Biweekly update 9th April — 23rd April

Hello ICONists!
We have set up our biweekly digest about the largest decentralized network in the world!

Over the past two weeks, there has been a lot of social activity, ICON joined the media collaboration wit BTC_Manager, leading global blockchain & cryptocurrency news publication to keep you up to date with partnerships, tech news and events. We hope, that this collaboration will help people to learn more about decentralized techonlogies and ICON Network

Another high-profile event that cannot be covered from our community is a partnership agreement with BlackArrow Capital, a digital assets management fund, based in Chicago, Illinois.

As for ecosystem news, we are seeing excellent growth in the total number of transactions and an increase in the percentage of tokens staked.

In this Biweekly we focuse on the recent events and developments of ICON’s main P-Reps. Futhermore, at the very bottom we left a link to our roadmap, please check it out!

Read on and stay tuned!

Development

Github metrics:

Developer activity (from Coinlib.io):

ICON Newsletter #16 — Upcoming On-Chain Governance Vote, Media Collaboration & More

Key stats:

  • 46.9% of circulating supply staked vs. 38.4% at the end of 2019. 30.2% of total supply staked
  • ICON network continues to expand with 122 P-reps
  • Main P-Reps lowered i_rep to 43,888 from 44,218 the previous week

2020 Q1: ICON DAPPS CREATE VOLUME, LONG WAY AHEAD

According to DappReview’s 2020 Q1 DApp market report, ICON placed fourth overall in terms of transaction volume.

Awareness and social encounters

- ICON (ICX) Launches Smart Contracts-Supporting Consensus Algorithm

ICON (ICX) has rolled out a new consensus algorithm dubbed Loop Fault Tolerance 2.0 (LFT 2.0). The team says LFT 2.0 offers smart contracts support, better performance and more, according to a blog post on April 8, 2020.

- ICON (ICX) Set to Vote on Proposal to Further Decentralize Economic Reward System

ICON (ICX) is slated to vote on a governance proposal that seeks to change the economic reward system for the network’s validators or block producers. Per details shared with BTCManager, voting on the IISS 3.0 Proposal will commence April 23, 2020, 07:30 AM UTC onwards.

- Blockchain Integration — What You Should Know about ICON by DappReview

Last month, we are excited to announce that DappReview has officially integrated ICON blockchain, to showcase the ICON dapps and provide trusted data analytics to users. This partnership will benefit each other in many ways. DappReview will help dapps on ICON get more exposure to the larger audience.

Roadmap

Development roadmap plans for 2020

Hotfix, LFT 2.0, BTP and IISS improvements

Hotfix Update

ICON will be releasing a new hotfix update during the second week of April. In this update, the team will implement a Block Production Time Limit function to the network which will resolve network failures. This function will support setting a maximum execution time for a transaction to be added in a block. After this, transactions running within 15 seconds will be included in a block on a first-come, first-served basis.

Additionally, the SHA256 Hash function will be added to the ICON Network, and some codes will be added to improve the network performance. Lastly, minor bugs related to Fee 2.0 will be resolved.

LFT 2.0

In the coming days, Foundation will be releasing the white paper for their new consensus algorithm. This is a major achievement for the ICON ecosystem and the adoption of our technology in Korea and abroad. In tandem with that release, developers will also be sharing an audit report verifying the algorithm’s performance improvements vs. the market alternatives. KAIST, one of the leading universities in South Korea, completed the audit. Please stay tuned for more details!

BTP 1.0

The core team is currently preparing a draft IIP (ICON Improvement Proposal) for BTP 1.0. Recall, BTP 1.0 is the interchain technology allowing the transfer of value and information between private loopchains and public chain. Through this, the team will release the overall structure of the BTP technology to the community. They will also be including a demonstration video.

IISS 3.0

The team successfully released the IISS 3.0 revision proposal and are currently collecting feedback from the community. Note, this upgrade is still being researched and is subject to slight modifications. Outside of the design, the core team continues to define the scope of development and the respective timing of each improvement. As you know, our goal is to move towards a stronger contribution-oriented DAO with improved voter behavior.

Read the full description of updates on medium.

Finance

The number of transactions dynamics (information from tracker.icon.foundation)

ICON Tracker

Partnerships and team members

ICON Hyperconnect, P-Rep and ICON accelerator, is partnering with BlockArrow Capital, a digital assets management fund, based in Chicago, Illinois.

After several discussions, both parties concluded that their goals of actively adding real value to the ICON ecosystem via increased global presence and growth were in clear alignment.

  • Media collaboration with btc_manager, a leading global blockchain & cryptocurrency news publication to keep you up to date with partnerships, tech news and events

Other

  • STATE OF THE DAPPS IN Q1 2020

P-REP News

Our team is proud to present ICON ROADMAP paper!

The Iconist wants to become an even bigger piece of the ICON Republic.

G3 Partners, the Seoul-based marketing and PR company that operates this humble publication, is proud to announce that they have launched a peer node on the ICON public chain.

Today weBloc team is bringing great news — weBloc Token (WOK) has got listed on Coin Market Cap! Finally!

ICON Transparency Report — block42

Social media metrics

Social media activity:

Social media dynamics:

The charts above illustrate a slight decline in the number of Telegram and Twitter followers. In general, the ICON foundation experiences an average level of social activity.

Dynamics of changes

The graph above shows the dynamics of changes in the number of ICON Reddit subscribers, Twitter followers, and Facebook likes. The information is taken from Coingecko.com.

This is not financial advice.

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Medium. Twitter. Telegram. Reddit.

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