Following Moonriver upgrade, the Moonbeam Council proposes to upgrade the Moonbeam's runtime to **version 1701**.

### Runtime 1701 release note : 
[https://github.com/PureStake/moonbeam/releases/tag/runtime-1701](https://github.com/PureStake/moonbeam/releases/tag/runtime-1701)  

### Important updates:
* Add Precompile for permit-based gasless transactions : ([#1648](https://github.com/PureStake/moonbeam/pull/1648))
Allow a user to sign an ERC712 permit which can then be dispatched by anyone in a transaction.

* Add support for identify verifer ([#1597](https://github.com/PureStake/moonbeam/pull/1597))  
Fully support the Identity verifier & Proxy Identity features.
 
* Allow staked asset to be used for democracy : ([#1604](https://github.com/PureStake/moonbeam/pull/1604))
A delegator can vote on any proposals with their free balance and staked balance.

* Add Substrate-based fee reduction : ([#1579](https://github.com/PureStake/moonbeam/pull/1579))
Unify Substrate-based fees and Ethereum ones.

### Verification
Blake2_256 Hash: `0x7003a5d9c12c060c82fa9016dc5eb3aca0ccd0ec293334b6cd1c7c587630f410`  

If you want to apply the best practices and verify the hash of the proposal, we advise you to use srtool

- Moonbeam Council wants to upgrade Moonbeam's runtime to version 1701.
- The upgrade will add new features like permit-based gasless transactions and support for identity verifier.
- It will also allow staked assets to be used for democracy and reduce fees.
- You can verify the upgrade using the provided hash.
- To understand more, you can read the release note on the given link.

#47 Runtime Upgrade 1701 - Moonbeam Network