Iron Fish(IRON)

by research goldshell   January 4, 2023   REPORT


66 | The Privacy Platform for web3

Iron Fish is a decentralized, proof-of-work (PoW), censorship-resistant, and publicly accessible blockchain privacy project designed to provide strong privacy guarantees for every transaction.

The idea of ​​Iron Fish is to hide all transaction information, mining information, and wallet information. Except for the private key owner, other wallet addresses cannot be viewed.

To achieve this, Iron Fish uses a PoW consensus mechanism and zero-knowledge proofs (Zcash’s Sapling Protocol).

In addition, it aims to become the privacy layer of all chains, so its development potential is far more versatile and feasible than directly producing a public chain with high privacy, and it also has more development potential.

Elena Nadolinski
Elena is the Founder and CEO of Iron Fish. Previously worked at Microsoft and Airbnb.

Lawrence Wisne
Eng Manager
Former AngelList Venture Capital Engineering Director、Google Health Engineering Manager

Jason Spafford
Former Uber. He is capable of writing complex weighted graph algorithms while dancing to electro music.

Consensus Mechanism

Iron Fish adopts the PoW (Proof-of-Work) consensus mechanism, and the current testnet algorithm is Blake3. The average block time is currently set at 60 seconds and is adjusted by increasing or decreasing the mining difficulty if the block rate is too fast or too slow.

Mining rewards are tied to the emission curve. The idea behind the Iron Fish emission curve is that in the first year after mainnet launch, the total token supply should increase by a quarter of the genesis block output.

According to the decay function, fewer and fewer new coins will be minted in subsequent years, but will never reach exactly 0.


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