tl;dr
- ChainPort integrated Iron Fish, a non-EVM Layer 1 blockchain.
- Developers and projects can now bridge their tokens to Iron Fish, enabling users to enjoy the benefits of privacy in the ecosystem.
- This collaboration paves the way for a more privacy-centric future within the DeFi space.
- Iron Fish's wrapped native token, IRON, is now accessible on Ethereum, Arbitrum, Optimism, and Base via ChainPort.
- Iron Fish offers the strongest privacy guarantees on every transaction.
Bridging Tokens to or from Iron Fish via ChainPort
ChainPort has successfully integrated Iron Fish, a non-EVM Layer 1 blockchain that provides ironclad privacy for every transaction. This integration empowers web3 developers and projects to leverage ChainPort's secure bridging infrastructure and unlock the advanced privacy features of Iron Fish.
This collaboration between ChainPort and Iron Fish paves the way for a more privacy-centric future within the DeFi space.
With ChainPort's integration, developers and projects can now bridge their tokens to and from Iron Fish. On the ChainPort app, you can bridge the verified tokens from EVMs to Iron Fish. To bridge from Iron Fish to EVM chains, use the Iron Fish Node App.
Token bridging to and from Iron Fish is a quick and secure process that takes up to 15 minutes on average.
What is Iron Fish and What Makes it Special?
Iron Fish is an innovative Proof-of-Work Layer 1 blockchain designed with unparalleled privacy at its core. Unlike traditional blockchains, Iron Fish utilizes zero-knowledge proofs (zk-SNARKs) and top-tier encryption to ensure complete confidentiality of user data and transaction details. This makes Iron Fish the first privacy-focused L1 blockchain within the ChainPort ecosystem.
Iron Fish empowers users with control. By creating an Iron Fish account, users receive view keys that grant read-only access to their transaction history. This feature allows users to share verifiable proof of transactions for compliance purposes or specific situations without compromising overall privacy.
Iron Fish, like Bitcoin, uses UTXOs. These act like unique digital coins you spend, not a central balance. EVM chains, however, function like a bank account - you send funds directly, reducing your overall balance. While both use UTXOs, Iron Fish utilizes zk-SNARKs to obscure the details of these "coins," offering superior privacy compared to standard UTXO blockchains.
Furthermore, Iron Fish leverages a global network of miners and nodes, ensuring a censorship-resistant, robust, and privacy-preserving platform for everyday crypto transactions.
This collaboration unlocks exciting possibilities for developers seeking to build privacy-focused dApps and empowers users with greater control over their assets.
Iron Fish’s Native Token - IRON
The native token of Iron Fish, IRON, plays a crucial role in the network. It is used to incentivize miners and nodes, ensuring the security and decentralization of the blockchain. Additionally, IRON is utilized for transaction fees and governance within the Iron Fish ecosystem. The token’s utility and its integral role in maintaining the network's privacy features make it an essential component of Iron Fish’s infrastructure.
Wrapped IRON - wIRON Available on EVM Chains
wIRON has been successfully minted by ChainPort on Ethereum, Arbitrum, Optimism, and Base. Additionally, wIRON can be deployed on any EVM-compatible chain.
wIRON Ethereum Contract Address: 0x1b2b24bb39c20cb2cd9704b3e68f3d6a57ab3747
wIRON Arbitrum Contract Address: 0xda4ee8a7c25bafe80e03013da7c28a063bee8d65
wIRON Optimism Contract Address: 0xd554d950e99e7f3b6dc3c8748cfb66ade4818206
wIRON Base Contract Address: 0x166e70941262ae7cbf9df5c8897a6242c546457d
Privacy-Centric USDC on Iron Fish
ChainPort has enabled USDC bridging between Ethereum, Base, and Iron Fish, empowering users to conduct private, stablecoin transactions. In the crypto economy, stablecoins like USDC support payments, DeFi, and cross-border transfers. However, the transparent nature of public blockchains often compromises user privacy.
With Iron Fish, USDC gains a privacy-centric layer, ensuring transactions remain confidential without sacrificing compliance. This advancement unlocks real-world use cases, including private payroll, secure cross-border remittances, and discreet commerce.
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