IRIS Network (IRIS) is a blockchain built on Tendermint and Cosmos SDK and interoperable with the Cosmos ecosystem through the IBC protocol. It acts as a hub for blockchain communication and applications.
IRIS hub is equipped with a service protocol that coordinates on-chain transaction processing with off-chain data processing and business logic execution. By introducing service semantics in the network, IRISnet aims to create an innovative solution that makes a whole new set of business scenarios possible. Thus, resulting in an increase in scale and diversity within the Cosmos ecosystem.