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ICON’s P-Rep Elections Booming; 40+ Applications Listed

It’s been over five months since the pre-registration for the first leg of ICONSENSUS began. The number of applicants continues to grow. Specifically, the nominees (there are currently 43 of them) have been registering to become Public Representatives, or “P-Reps”.


While under the radar for a while, ICON is a South Korea-based blockchain project designed to interconnect independent chains along with their communities.


ICONSENSUS, is described as “a journey toward mass adoption of blockchain”, with a roadmap comprised of four different milestones. Currently, the ICON community is preparing for the first stage: the election of “P-Reps”.


P-REP ELECTIONS: WHAT MAKES IT SPECIAL?


P-Reps resemble Proof-of-Stake (PoS) validators in the sense that they are also responsible for verifying transactions and submitting blocks on the blockchain. 


However, P-Reps’ responsibilities are broader: successful candidates will be expected to contribute to the network through participating in consensus and governance.


Read more at Bitcoinist

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