ICON launches ICON MainNet version 3.0

By priyanka

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Nov 13，2018 1:41 AM

cryptocurrency

ICON has released its mainnet version 3.0 today. With the latest upgrade ICON’s Smart Contract on Reliable Environment [SCORE] will be fully functional. SCORE helps to execute smart contracts on the ICON network and is the foundation for creating DApps. ICON [ICX] believes that the mainnet update will bring them a step closer to decentralization. The coin also known as Korean Ethereum was introduced by Dayli Financial, a popular Korean fintech company. Dayli Financial also owns the crypto exchange Coinone.

ICON team has also opened TestNet to help developers conduct tests before setting up their blockchain projects to the live mainnet. The team also plans to begin DevNet to support testing in a local development environment through the Amazon Web Services [AWS] marketplace. ICON’s blockchain nodes that are recorded on AWS marketplace will enable the developers to develop and test ICON service and DApps on their network using the AWS cloud.

Modifications

The transaction fee structure has also been changed. “The transaction fee which was fixed at 0.01 ICX, will be measured in a more sophisticated way,” according to a Medium post. A new fee structure has been devised for ICONex and ICON Tracker and also some of their functions have been modified like adding tokens and viewing smart contracts. They have also developed a wallet app for chrome android and iOS. Their software development kit now contains one java based SDKs and python based SDKs.

ICX prices which were falling under the seller pressure seem to have regained an uptrend with the news of the mainnet update. The prices are currently trading below $0.60, however, they seem to be aiming towards the bullish trendline. The prices have a long way to go before they can resume a stable uptrend. The coin is currently trading at $0.59 and is falling against USD by 7%.