IRISnet (IRIS)

Recently, Blockchain technology has covered all areas of the global economy. Because of this strong influence, a series of blockchain-based crypto projects were born, bringing a lot of profit to traders. In it, IRISnet is a Blockchain platform, providing service interoperability as well as fast and secure token conversion.

What is IRISnet?

IRISnet (also known as IRIS Hub) is designed to be the foundation for next-generation distributed applications. Built with the Cosmos-SDK, IRIS enables cross-chain interoperability through a unified service model. Also provides many modules to support DeFi applications.

Outstanding features

What is the project trying to achieve?

IRIS is a network of blockchains that aims to provide a technology foundation that supports building distributed business applications.

The IRIS Network is part of the Cosmos Hub. All zones in the network can interact with each other over the standard IBC protocol.

IRIS Hub, built on Proof-of-Stake (PoS) mechanism. Works on Cosmos SDK and Tendermint. The IRIS Hub coordinates on-chain and off-chain transaction data processing.

IRIS Service (aka “iService”) was born to bridge the gap between the blockchain world and the world of regular business applications. IService as the application protocol layer. Supports connectivity between heterogeneous blockchains and centralized systems.

What is unique selling point?

Incorporating infrastructure for DeFi applications in the Cosmos ecosystem.

Supported oracle service is based on iService, to bring cross-platform data services from off-chain to on-chain or vice versa.

Interoperability of services on a blockchain network.

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