Governance, Collaboration, Vision: The ICON Paradigm

Mutual Collaboration Between P-Reps Has Created A New Precedent For ICON

Governance: A New Equitable Paradigm

Since the conception of the decentralization paradigm of the ICON Ecosystem, we have seen numerous different partnerships being forged, collaborations between P-Reps and also, guidance and collaboration between P-Reps and the ICON Foundation as a whole. Successful initiatives that foster this new paradigm of cooperation can be seen through a variety of different events that have transpired in recent weeks; P-Rep governance meetings, ICON Governance Meetings, mutual collaboration between different P-Reps (examples being Espanicon translating podcasts and articles, Ubik Capital funding a grant for ICX Comics, ICX Station collaborating with Block42, the Consensus 2020 Event that saw over fifteen contributing to funding or participation in the event and many more).

Collaboration: The Success of the Collective

The Success Of ICON Derives Itself From Collaboration

We have seen active participation between The Foundation and P-Reps which is fostering a new decentralized paradigm that is unlike any other community in the cryptocurrency space. The Foundation has funded numerous different grants to a variety of different P-Rep teams, providing teams with funding and opportunity to expand the vision of ICON through various different tools, application development, outreach and collaborative efforts. In this month alone, The Foundation has approved grants for projects such as Atomic Wallet, Online Hackathon, Messari Registry and ICON Vote Monitor.

IISS 3.0: 122 P-Reps: A Global Frontier

The Recent IISS 3.0 Vote Sets A New Precedent Of Blockchain Governance Structures

Recently, IISS 3.0 was voted in as of today and the vote was nearly unanimous; 17 P-Reps voted in favor of the recent revisions to the IISS 3.0 (on behalf of all P-Reps, we whole heartily thank The Foundation for taking our feedback into consideration when revising this paper). This passage of IISS 3.0 truly sets a new precedent of democratic cooperation and collaboration between P-Reps and The Foundation instead of collectivized isolationism. We see the ever-expanding ICON Network through the drastic increase of P-Rep and Sub P-Rep teams that have become active contributors to the ICON Ecosystem. To date, there are over 120 P-Reps operating within the ICON Network; spanning five continents and over fifty countries, ICON is truly becoming a global blockchain phenomenon. Once we were confined to South Korea, now those chains no longer bind us to regionalism, now, we have conceived of a new digital nation that spans across the globe.

Conclusion: A Global Vision

LFT Consensus Algorithm, Over 120 P-Reps: ICON’s Vision

Over the course of the last few months, we have seen massive transformation and development within the ICON Ecosystem. From LFT Consensus Algorithm 2.0, to 122 different P-Reps within the ICON Ecosystem and the IISS 3.0 Governance decision, it is apparent that ICON as a network is thriving and expanding faster than it ever has. I truly ponder, within the next year, with MyID, Blockchain Transmission Protocol, Interoperability, the onboarding of C-Reps, IISS 3.0 Revisions, Online Hackathons, DID, BROOF and many more developments and milestones being achieved how expansive the ICON Network will become, and how massive the growth will truly be in the coming months and years.

Disclaimer: Cryptocurrency investing and gambling requires substantial risk, do not invest or gamble more than you can afford to lose! I am not a financial adviser and I am not responsible for any of your trades. I am an investor of Icon Coin and the information within this article represent my own thoughts and opinions. It is incumbent that you always do your own research before investing in anything!

Hello, my name is Corey Costa! Blockchain Enthusiast, Long Live Cryptocurrency, Decentralize The World! I also have a passion for Poetry! Opinions are my own.

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