IRIS

IRISnetIRIS

Rank #365
Coin
On 23,817 watchlists

IRISnet Price (IRIS)

$0.1114
7.66%

0.000001882 BTC3.37%

0.00002777 ETH4.43%

Low:$0.1074
High:$0.1275
24h
IRIS  IRISnet IRIS
Price:
$0.1114
 7.66%
Market Cap
$127,346,652
6.10%
Fully Diluted Market Cap
$227,854,895
7.66%
Volume
24h
$14,524,644
58.76%
Volume / Market Cap
0.1141
Circulating Supply
1.14B IRIS
Max Supply
--
Total Supply
2,044,634,125
Sponsored

IRISnet to USD Chart

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IRIS Price Live Data

The live IRISnet price today is $0.111440 USD with a 24-hour trading volume of $14,524,644 USD. We update our IRIS to USD price in real-time. IRISnet is down 7.66% in the last 24 hours. The current CoinMarketCap ranking is #365, with a live market cap of $127,346,652 USD. It has a circulating supply of 1,142,733,006 IRIS coins and the max. supply is not available.

If you would like to know where to buy IRISnet, the top exchanges for trading in IRISnet are currently Binance, Mandala Exchange, Huobi Global, Gate.io, and BKEX. You can find others listed on our crypto exchanges page.

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-based, open network to small and medium businesses that are offering a wide variety of services.

According to the official IRISnet Whitepaper, 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.

Who Are the Founders of IRISnet?

IRISnet was designed and developed by the team of tech experts behind Bianjie AI, a Shanghai-based high-tech company founded in 2016.

Harriet Cao is a co-founder at Bianjie AI and one of the driving forces behind the IRISnet protocol establishment. She has been working on bringing modern solutions to problems in the financial sector, as well as blockchain-based solutions for healthcare institutions. Besides Bianjie AI, Harriet Cao is also heavily involved with the Blockchain Edge Analytics Network (BEAN). She focuses on the big-data aspect of IRISnet.

Haifeng Xi is the other co-founder at Bianjie AI. He has proven expertise in developing distributed systems and blockchain applications. Combined with Harriet Cao’s interest in big data, the two came up with the idea for IRISnet as a blockchain solution for small and medium businesses.

Another integral part of the team behind IRISnet is Tendermint, the company behind the Tendermint consensus engine, as well as the developers of Cosmos, an ecosystem designed to facilitate blockchain app development.

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.

Read more about DeepOnion.

Learn more about Amoveo.

Find out how proof-of-stake consensus works.

Check out our CoinMarketCap blog.

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, 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) coin, based on the Tendermint Consensus. Tendermint emerged a little after the introduction of the Bitcoin and 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 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, which has already processed trade volumes to the amount of $148,196 as of January 2021

Read more here about buying cryptocurrencies.

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IRIS Price Statistics

IRISnet Price Today
IRISnet Price$0.1114
Price Change24h$-0.009243
7.66%
24h Low / 24h High
$0.1074 /
$0.1275
Trading Volume24h$14,524,643.69
58.76%
Volume / Market Cap0.1141
Market Dominance0.01%
Market Rank#365
IRISnet Market Cap
Market Cap$127,346,651.52
6.10%
Fully Diluted Market Cap$227,854,895.26
7.66%
IRISnet Price Yesterday
Yesterday's Low / High
$0.1131 /
$0.1275
Yesterday's Open / Close
$0.1137 /
$0.1205
Yesterday's Change

6.04%

Yesterday's Volume$13,052,826.79
IRISnet Price History
7d Low / 7d High
$0.1074 /
$0.1305
30d Low / 30d High
$0.09761 /
$0.1349
90d Low / 90d High
$0.06887 /
$0.1698
52 Week Low / 52 Week High
$0.03219 /
$0.3177
All Time High
Apr 11, 2021 (7 months ago)
$0.3177
64.92%
All Time Low
Mar 13, 2020 (2 years ago)
$0.008254
1250.19%
IRISnet ROI

12.29%

IRISnet Supply
Circulating Supply1,142,733,006 IRIS
Total Supply2,044,634,125 IRIS
Max SupplyNo Data