Thanks to all participants, IRISnet now features LSM and ERC20 contract binding, with Interchain NFTs, IBC, iService, EVM... granting devs greater freedom to build apps & use cases. 

Join us & be stars🌟in the IRISnet ecosystem

Welcome to #IRISnet 3.0! 

Thanks to all participants, IRISnet now features LSM and ERC20 contract binding, with Interchain NFTs, IBC, iService, EVM... granting devs greater freedom to build apps & use cases. 

Join us & be stars🌟in the IRISnet ecosystem
https://medium.com/irisnet-blog/celebrating-the-successful-upgrade-to-irisnet-3-0-0cb609e93172

Explaining The Crypto China Narrative

## What Is IRISnet (IRIS)?

IRISnet is a service protocol and cryptocurrency, which was officially launched on Mar. 1, 2019. The primary purpose of the IRISnet protocol is to provide a [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain)-based, open network to small and medium businesses that are offering a wide variety of services.  

According to the official [IRISnet Whitepaper](https://github.com/irisnet/irisnet/blob/master/WHITEPAPER.md#iris-overview), the protocol aims to employ different public and consortium blockchains to bring the power of decentralized, open networks to thousands of businesses and freelance service providers. Interestingly, IRISnet was named after Iris, the personification of the rainbow and the messenger of the Gods in Greek mythology. 


#### What Makes IRISnet Unique?

IRISnet is an innovative read of what blockchain technology can bring to the business world. While most consortium blockchains are owned and operated by big conglomerates of companies, IRISnet aims to bring solutions to small business operations.

One of their latest developments is the IRITA, an enterprise blockchain bringing flexible digital asset modeling and privacy-centric data authorization to the business world. 

One of the IRISnet protocol’s main selling points is that it aims to combine both on and off-chain capabilities. While transactions are executed on the blockchain, data processing and business logic will be executed off-chain. In addition, IRISnet also offers products like a smart wallet for business operations. 


#### Related Pages:

Read more about [DeepOnion](https://coinmarketcap.com/currencies/deeponion/). 

Learn more about [Amoveo](https://coinmarketcap.com/currencies/amoveo/).

Find out how [proof-of-stake consensus](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) works.

Check out our [CoinMarketCap blog](https://blog.coinmarketcap.com/).


#### How Many IRISnet Coins Are There in Circulation?

IRISnet announced an initial token supply of two billion IRIS tokens distributed in several key groups. According to the [IRISnet whitepaper](https://github.com/irisnet/irisnet/blob/master/WHITEPAPER.md#iris-overview), 25% of tokens were released for private sale,  15% were distributed among Bianjie AI team members and 15% are reserved to support the IRIS Foundation’s functions. Another 30% of issued tokens went towards ecosystem development, while 5% were dedicated to a special Cosmos Hub Airdrop. Finally, 25% of tokens went to the Tendermint developer team; however, most of these tokens will be vested in increments after the IRIS Hub launch.

According to the founders, proceeds from the private sale of IRISnet coins will be directed predominantly towards the improvement and further development of the IRIS network. 


### How Is the IRISnet Network Secured?

Like many popular altcoins, IRISnet is a delegated proof-of-stake ([dPoS](https://coinmarketcap.com/alexandria/glossary/delegated-proof-of-stake-dpos)) coin, based on the Tendermint Consensus. Tendermint emerged a little after the introduction of the [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) and [Ethereum](https://coinmarketcap.com/currencies/ethereum/) consensuses, and it aims to become an all-encompassing consensus engine.

A delegated proof-of-stake consensus depends on the reputation of nodes, thus eliminating misbehaving nodes as the process goes on. For a transaction to be completed on a dPOS consensus, stakeholders request action from a trusted validator, who then processes the transaction. Because of the reputation model, validators (nodes) are bound to perform accurately; otherwise, they are removed from the network. 


### Where Can You Buy IRISnet (IRIS)?

[Binance](https://coinmarketcap.com/exchanges/binance/) is one option for an exchange if you are looking to acquire some IRISnet coins, as around $2,226,424 of IRISnet have already been traded through the platform as of January 2021.

Another option to buy IRISnet coins is [Hotbit](https://coinmarketcap.com/exchanges/hotbit/), which has already processed trade volumes to the amount of $148,196 as of January 2021

[Read more here](https://coinmarketcap.com/how-to-buy-bitcoin/) about buying cryptocurrencies.

Binance

IRISnet

Trust Wallet

MetaMask

Osmosis

Celestia

dYdX (Native)

Akash Network

Dymension

Onomy Protocol

Stride Staked EVMOS

KYVE Network

Stride

Stride Staked ATOM

Stride Staked STARS

Odin Protocol

pSTAKE Staked OSMO

Stride Staked OSMO

Sentinel

XPLA

UX Chain

Persistence One

Stride Staked UMEE

Levana Protocol

Vite has built a Directed Acyclic Graph (DAG) based smart-contract platform, with a Snapshot Chain structure to facilitate zero-fee transactions and optimize transaction speed, reliability, and security. The Snapshot Chain of Vite utilizes Hierarchical Delegated Proof of Stake (“HDPoS”) to achieve network consensus, while supernodes take only staking rewards and no transaction fees. Vite virtual machine maintains compatibility with EVM, and utilizes asynchronous smart contract language, Solidity++.

The VITE token is the currency for simple token transactions and smart-contract executions on the Vite network, with users staking VITE for transaction quota instead of consuming gas. VITE can also be used to vote for Snapshot Block Producers (aka supernodes). In addition, a VITE staker with unused transaction quota can lease such quota to dApps in exchange for their tokens. For instance, users can stake VITE in exchange of ViteX’s native decentralized exchange token, VX.

Vite’s current products include a decentralized exchange (ViteX), a multi-purpose wallet application (Vite App), payments (VitePay), and government/enterprise blockchain applications (VitePlus):

ViteX is a decentralized exchange with on-chain orderbook and matching engine, and supports currently 20+ digital assets.

Vite App is a mobile application that allows trading (ViteX), asset management (wallet), dapps (e.g Vite-based games) in one place.

VitePay is a fast and feeless payment solution, currently available to use in Singapore’s Ce La Vi Sky Bar and taxi services under the Midwest Global network - Users can pay for merchants with Vite wallet, who in turn receive payment with zero fees with near-instant settlement. VitePay is also integrated with the e-commerce platform OpenCart, and one can utilize VitePay at the official Vite store.

VitePlus is a Vite-based enterprise blockchain solution for governments and enterprises. Vite has developed a pilot app, SyraCoin, for the Syracuse government, allowing city housing fund donors to receive blockchain-based coupons that are redeemable for goods and services within city bounds.

VITE

Komodo

Ardor

Kava Lend is a decentralized money market built on the Kava Platform that enables the lending and borrowing of cross-chain assets. Kava Lend supports supply-side deposits for BTC, XRP, BNB, BUSD, and USDX. The platform will allow overcollateralized borrowing for supported assets.

Kava Lend

Viction

QuarkChain

Flamingo is a decentralized finance (DeFi) platform based on the Neo blockchain and the Poly Network interoperability protocol. It combines several DeFi applications into a single ecosystem: a cross-blockchain asset gateway (wrapper), an on-blockchain liquidity pool (swap), a blockchain asset vault, a perpetual contract trading platform (perp) and a decentralized governance organization (DAO).

Different components of the Flamingo network are planned to be launched in several phases:

Token wrapper for Bitcoin, Ethereum, USDT, Neo, Ontology and others: September 23, 2020

Swap and LP token staking: September 30, 2020

Phase 3 vault launch and stablecoin issuance: October 28, 2020

Perp launch: November 25, 2020

DAO launch: December 23, 2020

Flamingo

Akropolis is a company that operates an Ethereum-based decentralized finance protocol that seeks to provide an autonomous financial ecosystem for saving and growing wealth, including through borrowing and lending. To do so, it offers a series of products including AkropolisOS, a framework for developing for-profit decentralized autonomous organizations, Sparta, a platform for uncollateralized lending, and Delphi, a yield farming aggregator and tool for dollar-cost averaging.

The project uses an ERC-20 token, AKRO, for protocol governance across its suite of products.

Akropoli was first announced in March 2018, launching on the Ethereum mainnet in June 2020.

Akropolis

ARPA

Loom Network is a platform as a service that is built on top of Ethereum and allows developers to run large-scale decentralized applications. This platform was released on October 1st, 2017.

The goal of this is to allow application developers to have smart contracts that can access much more computing power when it is required, or maintain the same power at lower costs for tasks such as trials for onboarding new users or applications that simply do not need the full security of blockchain to begin with.

In this system you have the ability to interact with APIs developed by third parties which are not on chain. Loom attempts to be the ultimate platform that allows smart contract developers to create applications without the need to switch to another programming language.

As such, they can easily integrate their applications with the outside world.

The Loom Network runs on Plasma, which is a scaling solution that allows for faster transactions throughout the network.

Loom Network

Bluzelle is a decentralized storage network for the creator economy.

Bluzelle delivers high security, un-matched availability, and is censorship resistant. Whether you are an artist, musician, scientist, publisher, or developer, Bluzelle protects the intellectual property of all creators. Bluzelle is data storage, file storage, oracles, and more. Its is specific for NFTs and DeFi.

Bluzelle’s core products are all related to data and powered by its Tendermint Blockchain:

Bluzelle DB - a decentralized database for software developers to store information

Bluzelle Oracles - a truly decentralized pricing oracle that provides high speed and high security for Defi applications

Bluzelle Staking - where BLZ holders can currently stake their tokens and earn rewards for providing storage and pricing data.

Bluzelle

Rootstock Infrastructure Framework

Aergo describes itself as an open-source enterprise blockchain platform optimized for hybrid deployments, which consist of both permissioned and permissionless blockchain architectures. It includes support for SQL allowing for easy data handling and familiar smart contract programming for developers.

The platform is built and utilized by Blocko, the Samsung-backed South Korean blockchain technology company that, according to Korean media sources, has deployed production blockchain solutions for large-scale clients including Lotte Card, Shinhan Bank, Korea Exchange, Hyundai Motors, and more.

Aergo

NKN (NKN), or New Kind of Network, is a network that focuses on creating a decentralized and open-source network protocol for public blockchain-based peer-to-peer (P2P) networks to share network bandwidth and internet connectivity. Its main objective is to address the challenges faced by today's internet, such as centralization, scalability issues and security concerns.

Dock is building a gateway to Web3 by providing simple solutions for businesses and developers to build, manage, and present digital Verifiable Credentials and decentralized identities using blockchain.

Dock provides credentialing technology that can be used to create cryptographically secure and instantly verifiable digital credentials, including workforce certificates, academic achievements, identity documents, and KYC checks.

Since 2017, Dock has been building Decentralized Identity and Verifiable Credentials (VC) technology, which will act as a gateway to Web3 in the future. We have been collaborating with organizations to adapt and innovate in the Web3 ecosystem by helping them understand the true ownership of their data and making their documents, certificates, and credentials become digital, tamper-proof, and instantly verifiable. Web3 is about data ownership and by using Dock’s technology, individuals can now truly own and control their most important documents and regain control over their data.

Dock

Contentos

BitShares Blockchain is a decentralized “Blockchain as Organization” (BaO); an industrial-grade decentralized open source platform built to run high-performance financial technology operations. It represents the first decentralized autonomous decentralized community that enables its core utility token (BTS) holders to decide the Blockchain future direction in order to develop and maintain a wide range of decentralized financial technology products, features and functions. BitShares Blockchain is a Blockchain that permanently records financial technology operations between different Blockchain accounts and facilitates a wide range of access controls across BitShares Blockchain user financial means.

BitShares Blockchain is a technology that supports the digital generation entrepreneurs, investors, and developers with a common interest in building and participating in free market solutions by leveraging the power of globally decentralized consensus and decision making. Consensus technology has the power to do for economics what the internet did for information. It can harness the combined power of all humanity to coordinate the discovery and aggregation of real-time knowledge, previously unobtainable. This knowledge can be used to more effectively coordinate the allocation of resources toward their most productive and valuable use.

BitShares looks to extend the innovation of the Blockchain to all industries that rely upon the internet to provide their services. Whether its banking, stock exchanges, lotteries, voting, music, auctions or many others, a digital public ledger allows for the creation of distributed autonomous companies (or BaO) that provide better quality services at a fraction of the cost incurred by their more traditional, centralized counterparts. The advent of (BaO) ushers in a new paradigm in organizational structure in which companies can run without any human management and under the control of an incorruptible set of business rules. These rules are encoded in publicly auditable open source software distributed across the computers of the companies’ shareholders, who effortlessly secure the company from arbitrary control. BitShares does for business what bitcoin did for money by utilizing distributed consensus technology to create companies that are inherently global, transparent, trustworthy, efficient and most importantly profitable.

BitShares has went through many changes and has done its best to stay on top of Blockchain technology. BitShares is using Consensus as the mechanism by which organized people decide upon unitary rational action. While not considered technology in the traditional since, consensus “technology” is the basis of democratic governance and the coordination of free market activity first coined by Adam Smith as the “Invisible Hand.” The process of consensus decision-making allows for all participants to consent upon a resolution of action even if not the favored course of action for each individual participant. Bitcoin was the first system to integrate a fully decentralized consensus method with the modern technology of the internet and peer-to-peer networks in order to more efficiently facilitate the transfer of value through electronic communication. The proof-of-work structure that secures and maintains the Bitcoin network is one manner of organizing individuals who do not necessarily trust one another to act in the best interest of all participants of the network. The BitShares ecosystem employs Delegated Proof of Stake in order to find efficient solutions to distributed consensus decision making.

BitShares

Linear is a decentralized delta-one asset protocol capable of instantly creating synthetic assets with unlimited liquidity. The project opens traditional assets like commodities, forex, market indices and other thematic sectors to cryptocurrency users by supporting the creation of “Liquids” — Linear’s synthetic asset tokens.

The protocol consists of various products like Linear.Buildr, a DApp used to manage Liquids using Linear (LINA) and other tokens as collateral. The exchange is specifically created to enable trading of a variety of Liquids with rapid confirmation times and robust security.

LINA is an ERC-20 token built on the Ethereum network whose main purpose is as collateral for Liquids (using Buildr) and for community governance of the protocol. All token holders have access to the Linear DAO, enabling them to vote on different initiatives and proposals, helping to shape the development of the Linear ecosystem.

The main goal of Linear is to provide a superior user experience with better scalability and greater speed thanks to the cross-chain capabilities of the protocol. Linear Finance intends to provide a simple solution for users that want exposure to traditional assets while still benefiting from the features enabled only by blockchain technology.

Linear Finance

AdEx is a cutting-edge web3 marketing platform utilizing blockchain and programmatic advertising to elevate digital advertising. Through AdEx, Web3 advertisers can access an untapped market of potential crypto users.

Originating in 2017 as a decentralized ad exchange, AdEx has evolved into a full advertising protocol, boasting 20,000+ registered users and processing billions of micropayments on the blockchain. Currently, AdEx serves as a Demand-Side Platform, allowing advertisers to buy traffic through SSPs, conduct real-time bidding, and leverage programmatic technology. Moreover, AdEx maintains direct partnerships with premium publishers, encompassing all interactions between publishers, advertisers, and end users.

ADX, the native token of AdEx, serves as the platform's native utility token, playing a pivotal role in rewards, governance, payment, and staking. It incentivizes validator uptime, ensuring seamless advertising campaigns. The more tokens staked, the more robust the validator network becomes. ADX token holders can stake their tokens to receive generous rewards and participate in governance decisions. Moreover, advertisers leverage ADX for campaign payments, enjoying reduced fees compared to other payment options.