IRISnet (IRIS)

Blockchain and Consensus

IRISnet is a Proof-of-Stake blockchain where the IRIS token is used for staking, delegating, paying transaction fees, executing smart contracts, and voting on governance proposals. It supports up to 100 validators selected by stake size.

Interchain Service Infrastructure

IRISnet provides a service-oriented infrastructure that connects different blockchains (public, consortium, and legacy systems) to enable cross-chain interoperability and collaboration. It supports off-chain data processing and business logic execution alongside on-chain transactions.

Business and Enterprise Applications

IRISnet aims to support distributed business applications by integrating conventional legacy business systems with blockchain technology. It offers smart wallets tailored for business operations and enables distributed enterprise applications.

Use Cases and Ecosystem

Use cases include distributed data sharing, AI, e-commerce, asset-based security systems, distributed regulation technology, mutual aid marketplaces, and oracle services. The network supports multi-asset management and aims to foster a distributed business ecosystem.

Developer Tools

IRISnet provides programming language-specific SDKs to simplify offering and using off-chain services within the network, encouraging developers to build trustworthy and interoperable applications.

Token Utility

The IRIS token is required to pay for service fees within the network and will eventually support multiple fee tokens from the Cosmos ecosystem. It also incentivizes network participants through staking rewards.

Advantages

• IRISnet is built on the Cosmos-SDK, enabling token transfers and use of data and computing resources across different blockchains and systems.
• It supports interoperability for off-chain and inter-chain information exchange, useful for applications like medical data sharing.
• Uses a Bonded-Proof-of-Stake (BPoS) consensus mechanism, allowing stakers to earn rewards.
• Designed to help small and medium-sized businesses offer services on a decentralized network.
• Has a user-friendly trading experience on exchanges like Bitget, Binance, and others with good liquidity.
• IRISnet has shown better market performance compared to some other smart contract platforms recently.
• The project has a strong development team and has raised significant funding.
• Supports decentralized finance (DeFi) applications and governance through staking and voting.

Disadvantages

• IRISnet is relatively new and has not yet gained a strong foothold in the crypto market.
• The price can be volatile, with recent declines noted in short-term trading.
• Trading volumes can be low at times, which may affect liquidity.
• No fixed maximum token supply, which could impact token value over time.
• Choosing the best wallet for IRISnet depends on personal preferences and requires research.
• The project is still developing its ecosystem and adoption among businesses.

Founders of IRISnet

The founders of IRISnet are Haifeng Xi and Harriet Cao. Haifeng Xi is a senior technologist with a master's degree in Electrical and Computer Engineering from the University of Maryland and was previously CTO at Wanxiang Blockchain Wancloud. Harriet Cao is a co-founder of Bianjie AI, the core development team behind IRISnet, and has expertise in distributed computing, data analytics, and artificial intelligence. Both played key roles in establishing the IRISnet protocol and its ecosystem.

Main Investors

IRISnet's investors include Interchain Foundation, HashKey Capital, and BKFUND. These are some of the key backers who have supported the project.

Additional Investor Information

• The IRISnet project has had multiple funding rounds with various investors involved.
• Bianjie AI, the core team behind IRISnet, is also closely connected to the project’s development and token distribution.
• MathWallet, a multichain wallet supporting IRISnet, lists investors such as Fenbushi Capital, Alameda Research, Binance Labs, FundamentalLabs, Multicoin Capital, NGC Ventures, Amber Group, and 6Eagle Capital, though these are wallet investors rather than direct IRISnet project investors.

Summary

The main known investors in IRISnet are Interchain Foundation, HashKey Capital, and BKFUND, with involvement from Bianjie AI as the core team.

Halal Status of IRISnet

No. There is no information provided that confirms IRISnet is halal. The available data focuses on halal certification related to food products like beef brisket, which involves specific religious slaughtering and processing methods. Since IRISnet is a crypto token and not a food product, halal certification does not apply in the same way.