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Iron Fish Launches Main Network with Web3 Privacy Layer

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According to reports, Web3 privacy layer Iron Fish has announced the official launch of the main network. Iron Fish has previously announced the token economic model, which will re

Iron Fish Launches Main Network with Web3 Privacy Layer

According to reports, Web3 privacy layer Iron Fish has announced the official launch of the main network. Iron Fish has previously announced the token economic model, which will release 42 million tokens in the Genesis block on the main network. The total supply of tokens is limited to 256970400. In the initial release of 42 million tokens, test network airdrops accounted for 2.25%; The proportion of future air drops is 2.25%; Pre Seed round investors account for 5.1%; Seed round investors account for 9.9%; A-round investors account for 14.5%; Consultants account for 0.6%; The core team accounts for 37.4%; IF Labs account for 5%; 5% of tokens used for future donations; Iron Fish Foundation accounts for 18%. The tokens allocated to personnel, including investors, consultants, and employees, will be locked for 12 months and then divided into 12 months for release.

Web3 privacy layer Iron Fish officially launches the main network

Iron Fish, a privacy layer technology provider, has officially launched the main network for Web3, bringing a new level of encryption to decentralized networks. The company had previously announced its token economic model, which features a total supply of 256,970,400 tokens with a release of 42 million tokens in the Genesis block on the main network.

Understanding Iron Fish Token Allocation

The distribution of tokens for Iron Fish includes a unique allocation process. For example, in the initial release of 42 million tokens, test network airdrops accounted for 2.25 percent. The proportion of future air drops is also 2.25 percent. Pre-seed round investors account for 5.1 percent, while seed round investors account for 9.9 percent.
Additionally, A-round investors account for 14.5 percent, consultants account for 0.6 percent, and the core team accounts for 37.4 percent. IF Labs accounts for 5 percent, with tokens used for future donations accounting for 5 percent. The Iron Fish Foundation accounts for the remaining 18 percent.
It’s worth noting that tokens allocated to personnel, including investors, consultants, and employees, will be locked for 12 months and then divided into 12 parts for release.

The Importance of Web3 Privacy Layer

Iron Fish’s privacy layer technology focuses on data confidentiality and obfuscation. Decentralized networks are designed to be secure, but they also come with associated risks. For example, tracking IP addresses and transaction history can be possible on open networks, making it difficult to maintain anonymity.
In comparison, Iron Fish’s privacy layer offers a new level of encryption, making it possible for users to maintain their anonymity when using decentralized networks. The technology uses a cryptographic zero-knowledge proof, which means that no data is actually sent or received over the network. Instead, data is only verified when necessary.

The Future of Decentralized Networks

Decentralized networks offer users a level of freedom that is simply not possible on centralized networks. However, there have been many concerns about the lack of security and privacy on such networks. With the launch of Iron Fish’s privacy layer, the future of decentralized networks looks a lot brighter.
As Web3 continues to gain traction, we can expect to see more and more companies adopting similar layers of encryption. Privacy will become increasingly important, and users will demand the right to remain anonymous when accessing decentralized networks.

Conclusion

Iron Fish’s launch of the main network for Web3 marks a significant milestone in the evolution of decentralized networks. With the implementation of a privacy layer, it’s now possible for users to maintain their anonymity while using decentralized networks. As the industry continues its rapid expansion, it’s clear that privacy will become increasingly important.

FAQs

1. What is Iron Fish’s privacy layer technology?
Iron Fish’s privacy layer technology focuses on data confidentiality and obfuscation, making it possible for users to maintain their anonymity when using decentralized networks.
2. How does Iron Fish’s cryptography work?
Iron Fish’s privacy layer uses a cryptographic zero-knowledge proof, which means that no data is actually sent or received over the network. Instead, data is only verified when necessary.
3. What is the future of decentralized networks?
As Web3 continues to gain traction, we can expect to see more and more companies adopting similar layers of encryption. Privacy will become increasingly important, and users will demand the right to remain anonymous when accessing decentralized networks.

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