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IRISnet

IRIS

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IRISnet is not available for trading on the Coinbase Exchange, but is supported on Coinbase Wallet

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IRISnet is only available through Coinbase Wallet. Assets on Coinbase Wallet are not held by Coinbase. Use of Coinbase Wallet is subject to these terms.

Market

Market stats

Market cap

$28.2M

Volume (24h)

$246,474.25

Circulating supply

1.5B IRIS

All time high

$0.32

Price change (1h)

+0.08%

Price change (24h)

+1.11%

Price change (7d)

+1.21%

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

IRISnet is on the rise this week.

The price of IRISnet has risen by 1.21% in the past 7 days. The price increased by 1.11% in the last 24 hours. In just the past hour, the price grew by 0.08%. The current price is $0.0182 per IRIS. IRISnet is 94.31% below the all time high of $0.32.

The current circulating supply is 1,547,148,851.322 IRIS.

Ratings

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About

What Is IRISnet (IRIS)?

IRISnet (IRIS) is a protocol designed to be the foundation for next-generation applications. IRISnet permits token transfers across multiple blockchain networks. The main goal of IRISnet is to deliver a blockchain-based open network to small and medium companies that are offering a wide variety of services.

As per its whitepaper, blockchain technology is still in its early stages. As with any new technology, there are defects. These include narrow performance and unstructured governance mechanisms. Presently, these defects make it challenging for blockchains to assist real-world distributed business collaboration. IRISnet intends to improve the current blockchain technology and make it feasible to allow businesses to provide their services and earn rewards in an open network. 

IRIS network is developed on top of Cosmos and Tendermint to solve the problems around existing blockchain networks. Cosmos is a network of multiple independent blockchains, called zones. Each zone is powered by the Tendermint protocol, which provides a high-performance, consistent, and secure engine, allowing a hold over malicious behaviours within the network.

IRIS is the native fee token for all transactions on IRISnet. One of the benefits for IRIS token holders is that holders participate in governance by creating and voting for governance proposals. Furthermore, there are two types of tokens expected to support IRISnet's operation: 

  • Staking token – IRISnet's native token for staking. 

  • Fee token - There are two types:

  1. Network fee token is for payment to validators in maintaining the ledger and spam prevention.

  2. Service fee token is for payment to service providers.

History of IRISnet (IRIS)

IRISnet was developed and designed by the tech experts behind Bianjie AI, a tech company founded in 2016. Harriet Cao is a co-founder at Bianjie AI and one of the leaders behind the IRISnet protocol establishment. Haifeng Xi is the other co-founder at Bianjie AI. He has expertise in developing distributed systems and blockchain applications.

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Reading List

News

The Block • Sep 27, 23

Bitcoin’s correlation with equities continuing to diverge

The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.

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Decrypt • Sep 27, 23

You Can Now Trade Bitcoin Mining Hashpower on Arbitrum

The Lumerin Hashpower Marketplace creates a novel method for decentralizing Bitcoin's global hashrate and makes mining accessible to retail investors.

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Unchained • Sep 27, 23

SEC Chair Gensler Says Bitcoin Isn’t a Security

Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on

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CoinDesk • Sep 27, 23

The Protocol: Google Pushes Deeper into Blockchain

Google's cloud-computing division is increasingly involved in blockchain, with plans to add 11 networks including Polygon, Optimism, and Polkadot to its 'BigQuery' program for public datasets.

Read more

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CoinDesk • Sep 27, 23

With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)

There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.

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The Block • Sep 27, 23

FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance

Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.

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Guides

Coinbase

How to Buy IRISnet

You can buy IRISnet using Coinbase Wallet, your key to the world of crypto. We wrote a guide on how you can buy IRISnet using Coinbase wallet.

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Coinbase

How to Stake IRISnet

You can earn rewards for IRISnet through DeFi yield. DeFi yield lets eligible customers earn yield by lending their crypto to third-party DeFi protocols.

Read more

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Coinbase Bytes

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FAQ

What is the current price of IRISnet?

We update our IRISnet to USD currency in real-time. Get the live price of IRISnet on Coinbase.

What is the market cap of IRISnet?

The current market cap of IRISnet is $28.19M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of IRISnet?

The all-time high of IRISnet is $0.32. This all-time high is highest price paid for IRISnet since it was launched.

What is the 24 hour trading volume of IRISnet?

Over the last 24 hours, the trading volume of IRISnet is $246.47K.

What other assets are similar to IRISnet?

Assets that have a similar market cap to IRISnet include Reserve, Chainge, Ethernity Chain, and many others. To see a full list, see our comparable market cap assets.

How many IRISnet are there?

The current circulating supply of IRISnet is 1.5 billion.

Can I buy IRISnet on Coinbase?

Yes, IRISnet is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy IRISnet guide.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.