Iron Fish Privacy Network Launch Postponed Due to Bug Fixing and KYC Deadline Extension

03/14/2023 02:05 • Digital Disruptors • 89 views

According to the official blog on March 14, the privacy network Iron Fish was originally scheduled to launch on the main network on March 14, but now announced that it was postponed to launch on April 20, because a bug needs to be fixed was found, and users will have more time to complete KYC. From today, the redemption portal will be open to all participants. The new KYC deadline is April 14. All eligible users of the test network will be airdropped on April 21.

The launch of the private network Iron Fish main network was postponed to April 20

Analysis based on this information:

The Iron Fish privacy network, which was initially scheduled to be launched on the main network on March 14, has been postponed to April 20. The reason for the delay was the discovery of a bug that needed to be fixed before releasing the network to the public. The announcement, made on the official blog of Iron Fish, also stated that the extension of the KYC deadline would offer users more time to complete the Know Your Customer (KYC) process.

KYC is a standard procedure mandated by most jurisdictional regulatory authorities to prevent money laundering and other illegal activities by verifying the identities of users. Failure to comply with the established KYC rules that require personal information like names, addresses, and passports will disqualify users from participating in the network. Iron Fish network, which is designed to be user-friendly, provided a redemption portal to enable all participants to complete the process smoothly.

The delayed launch date is now April 20, and eligible users of the test network will be airdropped on April 21. The Iron Fish privacy network promises to offer its users an unparalleled level of data privacy, security, and decentralization. The network’s users will have their data encrypted and shared using a peer-to-peer network, which will eliminate the need for centralized exchange exchanges and reduce the risk of data breaches and other cyber threats.

In conclusion, the postponement of the release of the Iron Fish privacy network may cause disappointment among users eagerly waiting for its launch. Still, it is necessary to put in place measures to ensure the network is as safe and secure as possible before its release. The Bug fix and KYC deadline extension should give users confidence in the network’s compliance level and maximize the network’s potential advantages for users.

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