Iron Fish Privacy Blockchain Set to Launch Mainnet on March 14

Iron Fish, a privacy-focused blockchain platform, has announced its mainnet launch following two years of development, along with an airdrop of IRON tokens for early supporters.

Iron Fish Privacy Blockchain Set to Launch Mainnet on March 14

According to a February 28 announcement, Iron Fish will officially launch its mainnet on March 14, 2023.

Iron Fish is a layer-1 blockchain that emphasizes anonymity and operates on a Proof-of-Work consensus mechanism. The development team believes that privacy is often overlooked in the crypto space, and aims to address this by offering a privacy-centric blockchain that gives cryptocurrency users more options for protecting their personal data. Iron Fish employs the Sapling Protocol, a security protocol developed by Zcash.

The project, which has been in development since 2021, has undergone three phases of testnet. The most recent testnet, Testnet 3, ran from January 18 to February 25, 2023, and saw over 60,000 active nodes globally, 140 account registrations, and 300,000 assets initialized.

With these achievements, Iron Fish has chosen March 14, 2023, as the date for its mainnet launch, marking the official debut of the blockchain. At launch, users will be able to run nodes, mine IRON tokens, issue assets, and trade cryptocurrencies on Iron Fish.

Additionally, the project will conduct an airdrop of 940,000 IRON tokens to testnet participants, with distribution set to occur from mid-March to early April.

Iron Fish Testnet Participation Stats

According to the whitepaper, Iron Fish's native token is called IRON, with a fixed total supply of 256,970,400 IRON. Tokens will be minted through block mining similar to Bitcoin, with block rewards decreasing over time. Iron Fish will generate a block every 60 seconds, compared to Bitcoin’s 10-minute interval, ensuring faster transaction speeds for users.

IRON Token Emission Schedule

In 2021, Iron Fish secured $27.6 million in funding from two prominent U.S.-based crypto investment firms, a16z and Sequoia.