Terminology

P-Rep
A P-Rep verifies transactions on the ICON Network, participates in consensus, proposes policies, and votes on policies that benefit the overall ICON Network...
Thu, 10 Jan, 2019 at 3:20 AM
C-Rep
A C-Rep verifies transactions on the ICON Network, participates in consensus, proposes policies, and votes on policies that represent the interests of their...
Thu, 10 Jan, 2019 at 4:38 AM
Citizen Node
Every node in the ICON Republic that does not function as a P-Rep/C-Rep is a Citizen Node. It holds no right to vote on the verification of transactions and...
Wed, 12 Dec, 2018 at 8:42 AM
ICON Republic
ICON Republic refers to the whole ICON network composed of P-Reps/C-Reps and Citizen Nodes. Although ICON Republic is a decentralized network connecting vari...
Wed, 12 Dec, 2018 at 8:43 AM
Representation Channel
Representation Channel is a consensus system which consists solely of P-Reps/C-Reps holding voting rights and decides upon the rules regarding all issues occ...
Thu, 13 Dec, 2018 at 9:08 AM
Notary Channel
Notary channel functions as a means of transmission for transactions between blockchains linked through Nexus. The nodes which hold voting rights in this ch...
Wed, 12 Dec, 2018 at 8:44 AM
Virtual Step
Step is a fractional unit of ICX, at the conversion rate of 100,000,000 Step = 1 ICX. This is the base unit in transaction fee calculations. Virtual Steps a...
Thu, 13 Dec, 2018 at 9:08 AM
IISS
IISS (ICON Incentive Scoring System) is an AI-based evaluation system for an effective ICX allocation. The purpose of IISS is to explore the optimal incentiv...
Thu, 13 Dec, 2018 at 9:08 AM
Ecosystem Expansion Project (EEP)
An EEP can be proposed by any ICONist and has the opportunity to receive delegation, which would result in funding through block rewards, from all ICONists....
Wed, 16 Jan, 2019 at 3:15 AM
DApp Booster Program (DBP)
A DBP allows a decentralized application to receive delegation, which would result in funding through block rewards, from all ICONists. For example, if an I...
Wed, 16 Jan, 2019 at 3:19 AM