Name: IRISnet
Brand: Binance
Availability: InStock

Price of IRISnet Today

The live price of IRISnet is $0.004452 per (IRIS / USD) with a current market cap of $7.24M USD. 24-hour trading volume is $115,996.24 USD. IRIS to USD price is updated in real-time. IRISnet is -15.04% in the last 24 hours with a circulating supply of 1.63B.

IRIS Price History USD

Date Comparison	Amount Change	% Change
Today	$-0.000788	-15.04%
30 Days	$0.003892	+695.91%
60 Days	$0.003775	+558.25%
90 Days	$0.00335	+304.27%

IRISnet Chart Performance

24h Low & High

Low: $0.000694

High: $0.005334

The highest and lowest price paid for this asset in 24 hours.

All Time High

$0.317683

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

-0.74%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

-15.04%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

+748.33%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $0.000694

High: $0.005334

All Time High

$0.317683

Price Change (1h)

-0.74%

Price Change (24h)

-15.04%

Price Change (7d)

+748.33%

About IRISnet (IRIS)

IRISnet is a decentralized platform with an expressed focus on encouraging an open source network in which small and medium-sized businesses are empowered to package and offer their specific business services through an interconnected blockchain ecosystem.

The IRISnet platform looks to achieve the goal of the network by leveraging the InterBlockchain Communication (IBC) protocol existing in the underlying Cosmos blockchain ecosystem and the associated Tendermint consensus mechanism. Tendermint is known in the blockchain industry as a consensus algorithm which facilitates cross-chain communication and interoperability in the blockchain environment, a vital aspect of the IRISnet platform.

IRISnet seeks to combine and unify off-chain and on-chain capabilities and operations within its network design in order to enhance the business ecosystem, reach, and operations of small and medium-level enterprises. Specifically cross-platform data and application services are said to be supported to perpetuate much-needed consistency between off-chain and on-chain business ecosystems.

IRISnet uses bridges to connect to the Ethereum and Polygon networks, enabling cross-chain functionality. Cross-chain NFT and smart contract transfers between blockchain ecosystems is purportedly supported by the Terse IBC protocol and interchain technology implemented in the IRISnet infrastructure.

IRIS is the cryptocurrency asset deployed for use within the IRISnet decentralized platform and is known by its token ticker $IRIS. The current price of IRIS is updated and available in real-time on Binance.

People Also Ask: Other Questions About IRISnet

What is IRISnet (IRIS)?

IRISnet (IRIS) is a blockchain framework whose primary role is to act as an intermediary communicator among varied blockchains and their associated applications. Constructed using the Cosmos-SDK, the core feature of IRIS Hub is its capacity to facilitate not only the transfer of tokens between diverse blockchains, but it also enables the utilization of data and computational resources across multiple, diverse systems.

What Does IRISnet Stand For?

It is documented that IRISnet was named after Iris, which is the personification of a rainbow and the messenger of the gods according to Greek mythology.

What is IRIS Used For?

IRIS is the cryptocurrency asset deployed for use within the IRISnet decentralized platform. IRIS is used to power cross-chain operations needed for businesses to function within the network. IRIS is also implemented in the network consensus algorithm used to secure the IRISnet network.

How Does Network Consensus and Validation Work On IRISnet?

IRISnet is secured by Delegated Proof-of-stake (DPoS). DPoS is a variation of Proof-of-stake (PoS) consensus and differs in that in addition to staking IRIS to participate in the model, validators are also selected through a delegation process in order to participate.

DPoS is considered to be an advanced model in this regard since validators are incentivized for transparency since they can be replaced for the inclusion of different operators by the existing framework of the model.

Who Is The IRISnet Founder?

IRISnet was founded by the Shanghai-based team behind the Bianjie AI technology company founded in 2016. The co-founders of Bianjie AI are Harriet Cao, noted for her work in bringing modern solutions to the financial sector, and Haifeng Xi, a proven developer of distributed systems and blockchain applications.

What is the Maximum Token Supply of IRIS?

There is no established maximum token supply for the IRIS network cryptocurrency. At the time of writing the active circulating supply is 1,520,388,134 IRIS.

What Makes IRISnet Different From Others?

RISnet has established a degree of distinction through its focus and deep work related to big data. IRISnet aims to unify various services offered by small and medium-sized businesses with on-chain and off-chain continuity based on blockchain technology.

Many networks have been developed seemingly in order to target large corporate entities primarily, leaving many small businesses to implement blockchain solutions which are not particularly designed for their specific use, something IRISnet has tried to address to this point.

How To Buy IRISnet (IRIS)?

IRISnet (IRIS) can be purchased directly from Binance by using a debit or credit card. IRISnet (IRIS) can also be traded for other cryptocurrencies on Binance. Live IRISnet coin price is updated in real-time. IRIS coin price and purchase information is available for users to read on our How to Buy IRISnet (IRIS) Guide.

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