What Is IRISnet (IRIS)?

What Is IRISnet (IRIS)? Complete Guide Review About IRISnet.

What Is IRISnet (IRIS)?

The IRISnet are not intended to represent a security or any other regulated product in any jurisdiction. This document does not constitute an offer or solicitation of securities or any other regulated product, nor a promotion, invitation or solicitation for investment purposes. The terms of the purchase are not intended to be a financial service offering document or a prospectus of any sort.

The IRIS tokens do not represent equity, shares, units, royalties or rights to capital, profit, returns or income in the platform or software or in IRIS Foundation Limited or any other company or intellectual property associated with the platform or any other public or private enterprise, corporation, foundation or other entity in any jurisdiction.

IRISnet Storage Key Points

Coin BasicInformation
Coin NameIRISnet
Short NameIRIS
Circulating Supply1.26B IRIS
Total Supply2,070,425,717
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

Views of IRIS Foundation Limited only

The views and opinions expressed in this whitepaper are those of IRIS Foundation Limited and do not necessarily reflect the official policy or position of any government, quasi-government, authority or public body (including but not limited to any regulatory body of any jurisdiction) in any jurisdiction. Information contained in this whitepaper is based on sources considered reliable by IRIS Foundation Limited but there is no assurance as to their accuracy or completeness.

English is the authorised language of this whitepaper

This whitepaper and related materials are issued in English only. Any translation is for reference purposes only and is not certified by IRISnet Foundation Limited or any other person. No assurance can be made as to the accuracy and completeness of any translations. If there is any inconsistency between a translation and the English version of this whitepaper, the English version prevails.

No third party affiliation or endorsements

References in this whitepaper to specific companies and platforms are for illustrative purposes only. The use of any company and/or platform names and trademarks does not imply any affiliation with, or endorsement by, any of those parties. You must consult a lawyer, accountant and/or tax professional, as well as any other professional advisors, as necessary prior to determining whether to purchase IRISnet tokens or otherwise participate in the IRIS network.

Multiple parties participate in sophisticated business interactions

Contractual relationships are a fundamental building block of human society and the importance of blockchain technology lies in providing a very efficient and cost effective way of realizing reliable contractual relationships for the first time, trust is not needed when multiple parties participate in sophisticated business interactions. It has been said that blockchain technology provides the most important elements for distributed business to take place lifting network effect and very low transaction cost.

More and more people see the potential of blockchains as the new internet of value and will gradually transform the current business models into more efficient distributed ones. Especially the token mechanism embedded in most modern blockchain emphasizes each network participant’s right and will disrupt business in its current form.

Support real-world distributed business collaboration

IRISnet These include limited performance and undeveloped governance mechanisms. Presently, these drawbacks make it difficult for blockchains to support real-world distributed business collaboration. Consortium chains, such as Hyper ledger Fabric and R3 Corda, and organisations such as the Ethereum Enterprise Alliance, have tried to address those performance and governance issues to make blockchain technology more suitable for enterprises.

However, today consortium chains are dominated by huge enterprise companies. Furthermore their close-form off on-chain governance model is very inefficient. Without a token economics model and the openness and the excitement in public chains, consortium chains may be viewed as lacking vitality. However, blockchain technology is still in its early stages. As with any new technology, there are drawbacks.