Iron Fish to provide hack-proof crypto transactions

Highlights

  • Iron Fish is a decentralised blockchain network, which has been working round the clock to make crypto transactions more powerful, private, and secure.
  • Iron Fish's vision is to develop a private cryptocurrency similar to cash, and it has raised US$27.7 million in a Series A round led by Andreessen Horowitz (a16z).
  • Nadolinski has the foresight to secure private cash transactions, ensuring that future generations will be able to maintain their privacy.

It’s an ongoing debate whether  cryptocurrencies will cease to exist after a few years. However, a plethora of ongoing initiatives in the crypto space indicate that crypto is here to stay and continue making strides.

One such initiative by Iron Fish aims at blocking cybercriminals from stealing people’s hard-earned money.

Iron Fish's vision of providing a private life for future generations

Iron fish is a decentralised blockchain network which has been working round the clock to make crypto transactions more powerful, private, and secure. The goal is to provide complete protection by preventing cybercriminals from robbing hard-earned money.

Iron Fish's vision is to develop a private cryptocurrency similar to cash, and it has raised $27.7 million in a Series A round led by Andreessen Horowitz (a16z). The goal of Iron Fish's fundraising campaign is to raise funds for an incentivised testnet. A testnet is an alternate blockchain network powered by an underlying software, used for testing without risking real funds.

Now, let us look into Iron Fish's vision of providing a private life for future generations.

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What does Iron Fish's privacy protocol entail?

Iron Fish conducted its first testnet in April. The community has grown to include over 2000 self-identified miners since then.

Iron Fish is now focusing on an incentivised testnet to reward participants. They'll eventually result in miners earning Iron Fish coins on the mainnet.

The privacy protocol of Iron Fish has been summarised in the illustration below:

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If technologies like those of Iron Fish take off, these may be able to provide anonymity for more than just cryptos.

In addition, Iron Fish's vision of creating a safe crypto network for people, will potentially add to its credibility.

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