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Knowledge base
Frequently Asked Questions (FAQ)
Terminology
11
P-Rep
C-Rep
Citizen Node
ICON Republic
Representation Channel
View all 11
Development
11
What consensus algorithm is ICON based on?
What is the LFT Algorithm?
How advanced is the loopchain-based LFT algorithm compared to PoW and PoS in regards to the speed and transaction processes?
Does loopchain have its own unique language for smart contracts?
What languages are supported to build on the ICON network?
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Strategy
7
There have been some issues flagged regarding the DPoS (Delegated Proof of Stake) consensus algorithm. How does ICON differ?
If most transaction fees will be paid in virtual step, where does the value of ICX come from? Demand for staking purposes only?
What type of group (community) does the C-rep represent? What is an example of a community? Business based or numbers based?
How exactly are LINE and ICON connected?
Can you discuss any new business developments?
View all 7
General
4
What is ICON’s total supply today?
What is ICON’s annual issuance rate?
What are the advantages of building on ICON?
When will we see an update to the ICON Incentives Scoring System (IISS)?
Governance
11
How is ICX issued and what are the future issuing plans?
Are there transaction fees on the ICON network?
Who is responsible for block generation and governance decision-making?
Will C-Rep and P-Rep candidates register as candidates voluntarily?
What is the role of C-Rep and what is the reward?
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IISS Paper
20
How much ICX is required to stake?
How do you receive staking rewards?
How do you stake?
How can I be a passive staker?
Is there a lock-up period on my staked ICX?
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