The IRISnet protocol builds trustworthy and distributed business apps. IRISnet was developed in 2016 by the core team behind Tendermint. The design of IRISnet supports several key features within its ecosystem. The first is that it accepts token transfers across the internet of blockchains. The second is that it allows the sharing of computing resources across heterogeneous systems. The intent is to enhance the current blockchain technology, making it possible for businesses and individuals to provide their services in an open network. IRISnet’s native cryptocurrency, IRIS, was launched in March 2019, and within a month, reached an all-time high of $0.2319. IRISnet has a total supply of approximately two billion coins.