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  • IRISnet is a blockchain infrastructure that serves as a communication relayer for other blockchains and their applications. The project has raised ~$22MM via private token sales.
  • The core development teams of IRISnet include Bianjie and Tendermint Inc.
  • Built with the Cosmos-SDK, IRIS Hub is designed to support not only token transfers across different blockchains, but also to allow for the consumption of data and computing resources across heterogenous systems.
  • The IRISnet blockchain utilizes a Bonded Proof-of-Stake (BPoS) consensus mechanism. BPoS is a form of Delegated-Proof-of-Stake (DPoS) consensus mechanism that allows stakers with more tokens to earn additional rewards.
  • The interoperability supported by IRISnet is suitable for applications requiring off-chain and inter-chain information exchange and collaboration. Examples include privacy-preserving healthcare data exchange, inter-chain marketplace, digital assets exchange for supply chain finance, and more.
  • IRIS is the native asset of the IRISnet blockchain. It is used for delegating and staking for the consensus mechanism, paying for transaction fees and smart-contract executions, as well as creating and voting for governance proposals.