The Rubi Network team has unveiled plans for its highly anticipated KYC 1.6 upgrade, a temporary yet critical solution designed to address the overwhelming demand for user verification while the more advanced KYC 2.0 remains on hold. This announcement comes as the network grapples with a surge in KYC requests, driven by Rubi’s recent rise as a top 20 application in multiple rankings.
Why KYC 1.6?
With KYC 2.0 delayed due to the unavailability of the Mana A (MnA) token—a key component for its fee structure—the Rubi team has shifted focus to optimizing its current system. KYC 1.6 aims to decentralize and streamline the verification process by recruiting and training miners as validators, significantly boosting processing capacity.
Key Features of KYC 1.6
The upgrade introduces a decentralized workforce model, allowing verified miners to participate as part-time validators. These validators will stake RBL tokens as collateral, perform verifications via mobile devices, and receive weekly payments in digital assets. This approach not only accelerates KYC processing but also empowers the community to contribute directly to the network’s growth.
Timeline and Implementation
Development of KYC 1.6 began on March 25 and is expected to conclude by late June. The rollout includes validator recruitment, training sessions via Zoom or Google Meet, and a full release by the end of Q2. Meanwhile, KYC 1.5 will continue operating, though the team acknowledges delays due to an overloaded 14-member verification team handling over 365,000 invitations—only 145,000 of which have been completed.
Read also: 3 Kings That Rule Every Website: How to harness URL, SEO title, page title for viral Google rankings
Mira Network: Another Promising Crypto Project, All You Need to Know
How Grok AI’s competitive advantage outsmarts other models
What Miners Need to Know
For miners awaiting verification, no immediate action is required—they can stick with KYC 1.5 or transition seamlessly to KYC 1.6 once live. Those interested in becoming validators must complete KYC, undergo training, and stake RBL tokens, with the flexibility to exit the program at any time.
The Bigger Picture
KYC remains a cornerstone of Rubi’s Proof of Partnership (PoP) economic model, ensuring trust and collaboration within its blockchain ecosystem. The 1.6 upgrade underscores Rubi’s commitment to scalability and user engagement, setting the stage for future innovations like KYC 2.0.
As the Rubi Team emphasizes, “KYC is more than verification—it’s a partnership to achieve shared blockchain prosperity.”
