ICON Gives An Update On Its MainNet Version 3.0 Launch

On September 17, the ICON foundation through a medium post announced the successful launch of the ICON MainNet Version 3.0. This means that now ICON’s SCORE (Smart Contract on Reliable Environment) is fully operational. The launch of the update sets the infrastructure for developers to create DApps on the ICON platform. Additionally, the team has opened a TestNet that will allow developers to test their blockchain projects before launching them officially on the MainNet.

The update will also see the development team open DevNet, a platform which will support development testing via the AWS Marketplace. Once developers have successfully registered on the AWS Marketplace, they can use the AWS Marketplace to develop and test ICON services on their own private networks via the AWS cloud.

This announcement has gone forward to explain about a new transactional fee on the ICON Network. Through a jointly released a Yellow Paper, the team has explained that the fixed rate of 0.01 ICX will change and be calculated in a more concise and complex manner. In relation to SCORE, the new transaction fees will be implemented on the following operations; Smart Contract Function Usage, Blockchain Database Usage and Amount of Transaction Data.

Other updates that have been included on the announcement include;

- The update of the ICONex and ICON Tracker- this has been as a result of the change in transaction fees.

- Update on the release of the ICONex wallet- the team has successfully released wallets for Google Chrome, Android and iOS.

The team has also released a complete Software developer’s kit (SDK)- this includes the Java-based SDK for the network, Python CLI, Python SDK V2, and Python SDK. All compatible with the Network.

Products that remain in progress include;

- IIP and IRC- Standard protocol and token standard of the ICON network.

- AWS Marketplace registration.

- Updating the Yellow Paper on; ICONstitution and Governance, transaction Fee, SCORE Operation Policy, and IISS.

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