1. PixelPlaygroundHome
  2. Metaverse Insights

IRISnet Completes Main Network Upgrade with IRISHUB 2.0

• Metaverse Insights • 113 views

On April 17th, it was reported that the Cosmos ecological cross chain hub IRISnet had completed the IRISHUB 2.0 main network upgrade around 15:00 Beijing time today. The upgrade in

IRISnet Completes Main Network Upgrade with IRISHUB 2.0

On April 17th, it was reported that the Cosmos ecological cross chain hub IRISnet had completed the IRISHUB 2.0 main network upgrade around 15:00 Beijing time today. The upgrade includes integrating EVM and introducing a new fee token ERIS.

IRISnet has completed the IRISHUB 2.0 main network upgrade and is compatible with EVM

IRISnet, the cross-chain hub for the Cosmos ecological network, announced on April 17th that it has successfully completed the IRISHUB 2.0 main network upgrade. This upgrade aims to enhance the network’s capabilities and introduce a new fee token, ERIS.

Introduction

IRISnet, a platform designed for the interconnection and interoperability of various distributed systems and blockchain networks, has gone through a major update with IRISHUB 2.0. The new version is expected to bring a plethora of new features and improvements to the network, making it more efficient and easier to use.

Overview of the Upgrade

The IRISHUB 2.0 update is a significant milestone for the IRISnet ecosystem, as it brings several important new changes to the platform. One of the most notable ones is the integration of the Ethereum Virtual Machine (EVM), which opens up a whole new range of possibilities for developers building decentralized applications (dApps) on the IRISnet network.
In addition, the upgrade introduces a new fee token known as ERIS, which will be used to pay transaction fees and other network-related costs. This new token leverages the latest blockchain technology, such as sharding and parallel transaction processing, to provide a fast, reliable and efficient payment solution for users on the platform.

Benefits of the Upgrade

IRISnet has always prioritized the security, scalability and reliability of its network, and the IRISHUB 2.0 update is no exception. According to the team, the new version has undergone rigorous testing and optimization to ensure that it performs at its best.
The integration of EVM and the introduction of the fee token ERIS are expected to have far-reaching implications for the platform’s development. With the ability to execute smart contracts, IRISnet can now offer a robust decentralized application toolkit to its users. And with ERIS, the network provides a more efficient and cost-effective payment system that is also more accessible to users.

Future Outlook

The release of IRISHUB 2.0 marks an important milestone for IRISnet, as it positions the platform for continued growth and innovation. With the network’s expanded capabilities, developers are empowered to create new and exciting dApps that can be seamlessly integrated with other blockchain networks.
In conclusion, IRISnet’s main network upgrade to IRISHUB 2.0 is a significant achievement for the platform and the wider Cosmos ecosystem. The integration of EVM, as well as the introduction of a new fee token, ERIS, are steps towards a more robust, efficient, and user-friendly network.

FAQs

1. What is IRISnet?
IRISnet is a cross-chain service infrastructure that facilitates the integration of heterogeneous distributed systems and blockchain networks.
2. What is IRISHUB 2.0?
IRISHUB 2.0 is the latest main network upgrade to the IRISnet platform, which integrates EVM and introduces a new fee token, ERIS.
3. What are the benefits of the upgrade?
The upgrade provides enhanced functionalities, improved security, scalability and reliability, and a more efficient and cost-effective payment system. It also enables developers to build decentralized applications more efficiently.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/15806/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 04/17/2023 11:49
Next 04/17/2023 12:11

Recommended articles