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IRISnet Stock

IRISnet

IRIS

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IRISnet Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BiboxIRIS/ETH0.030099,955.520.04cex1
GateIRIS/USDT099.744.3986,228.490cex1
MEXCIRIS/USDT0375.2145478,541.960cex183
XXKKIRIS/USDT081.6228.6959,097.840cex1
Zedxion ExchangeIRIS/USDT00044,352.670cex1
KoinbayIRIS/USDT00044,051.140cex1
BitexenIRIS/TRY00014,158.50.16cex0
MEXCIRIS/BTC015.1235.1411,201.120cex38
CoinExIRIS/USDT00.9517.266,341.070.01cex3
CoinExIRIS/BTC03.7124.715,955.650cex8
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IRISnet FAQ

### What Is IRISnet (IRIS)? IRISnet (IRIS) is a cryptocurrency and blockchain platform designed to facilitate the construction of distributed applications. It aims to offer a technology foundation that efficiently supports the deployment of cross-chain services and interoperability solutions. The IRISnet platform is dedicated to fostering the integration of blockchain technology with businesses and real-world applications. For more detailed information on IRISnet, you can visit Eulerpool.

IRISnet is a service protocol and cryptocurrency that was officially launched on March 1, 2019. The primary objective of the IRISnet protocol is to offer a blockchain-based open network tailored for small and medium-sized businesses providing a diverse array of services. As outlined in the official IRISnet Whitepaper, the protocol seeks to utilize various public and consortium blockchains to deliver the advantages of decentralized, open networks to numerous businesses and freelance service providers. Notably, IRISnet derives its name from Iris, the personification of the rainbow and the messenger of the Gods in Greek mythology. For further details and market data on IRISnet, you can refer to Eulerpool.

What Distinguishes IRISnet?

IRISnet represents an innovative perspective on the potential of blockchain technology in the business sector. Unlike many consortium blockchains that are owned and managed by large company conglomerates, IRISnet focuses on providing solutions tailored for small business operations. A notable advancement from IRISnet is IRITA, an enterprise blockchain that facilitates flexible digital asset modeling and emphasizes privacy-centric data authorization for businesses. A key feature of the IRISnet protocol is its integration of both on-chain and off-chain capabilities. While transactions are conducted on the blockchain, data processing and business logic are executed off-chain. Additionally, IRISnet offers products such as a smart wallet designed for business operations.

What is the Circulating Supply of IRISnet Coins?

IRISnet announced an initial token supply of two billion IRIS tokens, distributed across several key groups. According to the IRISnet whitepaper, 25% of the tokens were released through a private sale, 15% were allotted to Bianjie AI team members, and 15% are reserved to support the functions of the IRIS Foundation. Another 30% of the issued tokens were allocated for ecosystem development, while 5% were dedicated to a special Cosmos Hub Airdrop. Lastly, 25% of the tokens were designated for the Tendermint developer team; however, the majority of these tokens will be vested incrementally following the launch of the IRIS Hub. The founders have indicated that proceeds from the private sale of IRISnet coins will be primarily directed towards enhancing and further developing the IRIS network.

What Security Measures Does the IRISnet Network Employ?

IRISnet, like many popular altcoins, operates on a delegated proof-of-stake (dPoS) model, utilizing the Tendermint Consensus. Tendermint was developed shortly after the advent of the Bitcoin and Ethereum consensus mechanisms and aspires to serve as a comprehensive consensus engine. The delegated proof-of-stake consensus approach relies on the reputation of nodes, thereby ensuring that any misbehaving nodes are gradually eliminated during the process. To finalize a transaction within a dPOS consensus framework, stakeholders engage a trusted validator, who is responsible for processing the transaction. Owing to the reputation-based model, validators (nodes) are compelled to perform accurately, with the risk of being excluded from the network if they do not. For more details on IRISnet, visit Eulerpool.

Where Can You Purchase IRISnet (IRIS)?

One option for acquiring IRISnet coins is through Binance, where approximately $2,226,424 worth of IRISnet had been traded by January 2021. Alternatively, you can purchase IRISnet coins on Hotbit, which had processed trade volumes amounting to $148,196 as of January 2021. Additional information about buying cryptocurrencies can be found on Eulerpool.

Investors interested in IRISnet are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.