Hi Scott,
Firstly congrats to ICON and everyone involved in the development of BTP. It’s an amazing feat and I really look forward to seeing it in action!
I was hoping someone could elaborate a little bit further on the below section of the announcement.
“The reward for running a Relay will come from inflation and the amount will be decided in the IISS 3.1 economics vote. Relays will be penalized from their staked ICX if they are not live when called upon to relay a message, so those that pre-register should be aware of this risk and pay close attention to BTP announcements to avoid loss of ICX”
Perhaps it’s a little early for these questions but I’m intrigued. If it’s too early no worries!
Firstly, the reward for staking; will relayers still receive their standard ICX staking rewards on top of whatever rewards there is for being a relayer? I’m also very interested in the second part of this paragraph. Can you elaborate a small bit more on the risks involved and what will be required from a relayer? Will relaying be a similar set-up to mining in that PC’s would be expected to be running 24/7 to avoid missing the relay of a message? I’m curious as to what the difficulty would be like and whether relayers will be incentivized enough to cover the potential costs involved in being a relayer. What kind of hardware infrastructure does one need to be a relayer?
Thanks!