Iron Fish, a privacy-centered blockchain platform, announces mainnet launch just after two many years of improvement and airdrop of IRON coins to early backers.
According to the announcement launched on February 28, the developer of Iron Fish stated that the project’s core grid will be rolled out on March 14, 2023.
Iron Fish is a layer one blockchain that promotes anonymity, based mostly on Proof-of-Work consensus. The venture improvement workforce believes that privacy is an underrated element in the cryptocurrency business, so they chose to create in the route of blockchain privacy to give crypto consumers much more selections to guard their interests. Iron Fish makes use of the Sappling Protocol safety protocol created by Zcash.
six/ Check out our blog site publish for much more information and facts on mainnet, trusted configuration and local community stats: https://t.co/T3kZez4KMK pic.twitter.com/XWKtVv8xhp
— Ironfish (@ironfishcrypto) February 27, 2023
The venture has been in improvement considering that 2021, going as a result of three testnet phases. Testnet three was open from January 18 to February 25, 2023, recording much more than 60,000 energetic nodes globally, 140 account registrations and 300,000 assets designed.
With the successes attained, Iron Fish chose March 14, 2023 as the second to apply the mainnet, officially launch the blockchain. Upon launch, consumers can commence working nodes, mining IRON coins, issuing assets, and trading coins on Iron Fish.
Additionally, the venture will carry out an airdrop of 940,000 IRON to check participants on the testnet, with an award time period from mid-March to early April.
According to the information and facts in the white paper, the Iron Fish coin is referred to as IRON, the complete fixed provide is 256,970,400 IRON. IRON will be born as a result of the very same block mining as Bitcoin, with the reward per block reducing above the many years. The block generation time on Iron Fish will be every single 60 seconds, in contrast to ten minutes for Bitcoin, making sure transaction speeds for consumers.
Iron Fish in 2021 raised $27.six million from two famed US crypto investment money, a16z and Sequoia.
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