C-Rep is selected according to the decision of each community, and CRep can be changed from one node to another. It has the right to vote on transaction verifications and its governance in ICON Republic. C-Nodes are available to both individuals and organizations (banks, brokers, insurers, schools, governments, etc.), and Node policies are determined by the members of each Community.Ĭ-Rep C-Rep (Community Representative) is a representative unit of Community and a unit that comprises ICON Republic governance at the same time. Each community has different compositions and scales of nodes, according to their characteristics and circumstances.Ĭ-Node C-Node (Community Node) is the building block of a Community that affects the consensus or decisionmaking process of Community governance. Financial institutions, governments, schools, e-commerce platform, healthcare, Bitcoin, and Ethereum can all be considered a Community. TechnologyĬomponents of the ICON Network Components of the ICON Network: ① Community, ② C-Node (Community Node), ③ CRep(Community Representative), ④ ICON Republic, ⑤ Citizen NodeĬommunity Community is a network comprised of different nodes with the same governance system. Through the mutual trust earned with our system, C-Reps and Nodes will actively contribute to the ICON community. ICON will be in the center of connecting different blockchains to build a more valuable and scalable network.Ī transparent governance system and artificial intelligence (AI) guided incentive system is at the core of ICON’s sustainable network. bitcoin, ethereum) but also private/permissioned, and other interchain blockchain networks. ICON is scalable not only to public blockchains(e.g. ICON’s blockchain technology is being applied in the real world such as banks, securities firms, hospitals, and universities. ICON is a decentralized network of blockchain communities.
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