Iron Fish is a Layer 1 blockchain that provides strong privacy guarantees on every single transaction. Leveraging zero-knowledge proofs (zk-SNARKs) and the highest industry standards for encryption, Iron Fish gives complete control over who sees transaction details via account view keys or transaction decryption keys, giving back control over data and information to the users. Iron Fish uses proof-of-work (PoW) as its consensus protocol, is censorship-resistant and available to everyone—regardless of location, identity or citizenship. Anyone can create a wallet, run their own node, and mine $IRON, allowing any Iron Fish user to actually own the bank. As cryptocurrencies, and especially privacy focused ones, have struggled with usability in the past, Iron Fish is built to be intuitive for both developers and users alike. This is the reason the team is building a complete set of tools to have the best end-to-end experience running and transacting $IRON on every platform, while always guaranteeing privacy. Iron Fish is being built to be the universal privacy layer for crypto, enabling users to bridge assets between Iron Fish and other chains for fully private transactions—a true SSL layer for blockchains.
Following the launch of their Iron Fish Testnet Phase 0 earlier this year, allowing the team to do a first round of test of the core features, including private transactions, they recently launched the following phase, Incentivized Testnet. The program will distribute up to 420,000 (1% of the initial supply) Iron Fish tokens to eligible participants, proportional to Leaderboard points, acquired by doing various actions over the course of the program, including mining, finding bugs, promoting the testnet, contributing to the community, among others. Following this, two other phases should conclude the testnet to lead to a safe mainnet launch. Team members are tech veterans, with experience spanning Airbnb, Microsoft, Uber, and more, and they recently raised more than $27M to help them build the future of privacy