Governance Crypto's Latest Tokenomic Innovation: the Sharing of Gas Fees with Developers Introducing SGD (Sharing of Gas Fees with Developers) In the complex world of blockchain tokenomics, it's relatively rare for a "new" idea or mechanism to be presented, gain traction, and be implemented by multiple chains at the same time. The concept we'll discuss here is called SGD (sharing of gas
Governance IIP-22 Proposes to Simplify IoTeX Domain Names Web3 is getting easier with IoTeX Improvement Proposal 22: IoTeX Domain Name Service. Crypto addresses are frustratingly long, garbled strings like âlswli4yuofd8a0sâ â a clunky mechanism that often leaves room for error when inputting. And as cryptocurrencies become mainstream, there will be a substantial market for Web3 addresses. IoTeX Name Service
Governance IIP-21: Why CIOTX on Ethereum is Beneficial As recently announced, the IoTeX blockchain's governance community has voted to approve the IIP-21 to bridge the native IOTX from the IoTeX network to Ethereum and implement CIOTX (Cross-chain IOTX) token on Ethereum. This plan aims to improve our native token's utilization and demand in DeFi protocols on Ethereum and
Governance Exploring Soulbound Governance on IoTeX Many industries are looking at Web3 as a promising solution to trust and transparency issues. A core benefit of Web3 is decentralized governanceâconsensus-driven decision-making and community participationâas demonstrated in IoTeX Improvement Proposals (IIPs). Decentralized governance can be challenging to manage as a blockchain network evolves, growing in size
Governance IIP-14 Proposes User-Friendly Web3 Onboarding Across the growing industry, thereâs an increasing demand for more user-friendly dApps that make Web3 more accessible. Account Abstraction has been a hot topic in the Web3 community for several years, but without a solid foundation, it simply couldnât work. Account Abstraction is a powerful feature that can
Governance IoTeX Now Rewards Community Members Who Participate in IIP Votes with SBTs IoTeX community members received Soulbound Tokens (SBT) for their recent participation in IoTeX's 13th Improvement Proposal (IIP-13) vote to support ether (ETH) liquid staking derivatives. In total, IoTeX distributed 123 to those who staked 141 million IOTX tokens representing 97% of the votes in favor of the IIP-13 to increase
Governance IIP-13 Proposes Enhanced Security and Staking A DeFining proposal awaits your approvalâmaximizing the upgradability, security, and flexibility of IoTeX. IIP-13 (IoTeX Improvement Proposal 13) clears the way for Liquid Staking dApps and interest-earning derivatives to flourish in the IoTeX ecosystem. By enabling new use cases for staked IOTX, this IIP can contribute to a more
News Ways and Whys to Become a Delegate The Merge: Both a Major Achievement and a Major Meh First, the accolades. The move by Ethereum to a Proof-of-Stake consensus model is a major success. This change reduces Ethereumâs energy usage by 99.95%. Now, for the Meh. It went smoothly and for IoTeX it was a complete
Community Whatâs New on the IoTeX Delegate Portal IoTeX uses a Proof-of-Stake consensus mechanism called Roll DPos. That means delegates are the lifeblood of the IoTeX blockchain and are essential for the functioning of the platform. Fortunately, getting set up as an IoTeX Delegate and running a node are now easier than ever. Weâve updated the portal
Governance IoTeX Governance As IoTeX continues to expand at a rapid pace, we are excited to introduce a new governance framework to ensure the network grows sustainably, transparently, and fairly. Ensuring the voice of the people is heard is paramount for any decentralized network -- our goal is to bring together users, developers,
Governance Cross-chain Governance â A New Paradigm The future world will be comprised of hundreds (if not thousands) of distinct public blockchains. Figuring out how these blockchains communicate with each other is our next great challenge.
