South Korean blockchain project Icon has announced the launch of ‘Fee 2.0’, a new transaction fee system that allows users to access Icon’s dapp (decentralized application) services without paying transaction fees. The announcement came in an official statement from the company shared with Finance Magnates on July 15.
Previous to the launch of Fee 2.0, Icon dapp users were required to pay fees in cryptocurrency from the moment they began using a dapp’s services. On a practical level, this meant that only users with a certain amount of cryptocurrency were able to access a dapp built on the Icon network, to begin with.
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We are pleased to announce that MainNet update is completed today to support Fee 2.0 system. Now ICONists can use virtual step on ICON MainNet.
Read about two main feature, Fee Sharing and Virtual Step;https://t.co/u77oM4GdLT
— ICON (@helloiconworld) July 15, 2019