#An Overview of the IRISHUB 2.0 Main Network Upgrade by IRISnet

On April 17th, it was reported that the Cosmos ecological cross chain hub IRISnet had completed the IRISHUB 2.0 main network upgrade around 15:00 Beijing time today. The upgrade includes integrating EVM and introducing a new fee token ERIS.

IRISnet has completed the IRISHUB 2.0 main network upgrade and is compatible with EVM

##Introduction
On April 17th, the Cosmos ecological cross chain hub IRISnet announced that they had completed the IRISHUB 2.0 main network upgrade, which took place around 15:00 Beijing time. This thrilling upgrade included integrating EVM (Ethereum Virtual Machine) and introducing a new fee token ERIS. Let us dive into the incredible changes that this upgrade has brought about and their potential impact on the IRISnet network.
##The significance of the IRISHUB 2.0 upgrade

Integration of EVM

The integration of EVM into IRISHUB 2.0 means that developers are now able to write and deploy smart contracts on the IRISnet network using the Solidity programming language. This addition is a significant milestone for IRISnet, as it allows them to connect with the Ethereum network, enabling valuable interoperability for developers across both networks.

Introduction of the new fee token ERIS

ERIS is the new fee token introduced by IRISnet for their upgraded network. Its primary function is to pay transaction fees within the network. In addition to this, it can also be used as a governance token for voting on network proposals. The ERIS token has been developed to incentivize ecosystem participation and enhance engagement within the IRISnet network.

Improved network security

The IRISHUB 2.0 upgrade has introduced enhanced security measures to the network. This includes an upgraded security module that provides better protection against potential security threats. Additionally, the new upgrade has also introduced a multi-signature module for the validators to ensure that every transaction can be executed in a secure and transparent manner.
##The Benefits of the IRISHUB 2.0 Upgrade
###Increased Scalability
The integration of EVM into the network will bring with it much-needed scalability to the IRISnet network. With a large number of developers now being able to write and deploy smart contracts, the network will be able to expand rapidly. This greater adoption of the blockchain will result in an increase in transactions, ensuring that IRISnet can handle a substantial volume of data requests.
###ERC-20 Compatibility
The integration of EVM also brings ERC-20 compatibility, enabling the use of various decentralized applications (Dapps) built on the Ethereum network. This compatibility provides developers with greater flexibility while developing decentralized applications, as they can now write and deploy applications that can communicate with both networks.
###Enhanced Interoperability
The IRISHUB 2.0 upgrade is a crucial step towards achieving interoperability, which is crucial for the success of the blockchain industry as a whole. The integration of EVM provides a common language across the IRISnet network and the Ethereum network. This will enable an easier flow of data, allowing for enhanced connectivity and increased functionality between the two decentralized networks.
##Conclusion
The IRISHUB 2.0 main network upgrade is a significant step for IRISnet, providing developers with enhanced functionality, scalability, and interoperability. The addition of EVM and the introduction of ERIS token has opened up new opportunities for developers, allowing for greater flexibility and adoption of decentralized applications. Furthermore, the heightened security measures enabled by the upgrade ensures that the network is more secure than ever, providing a robust and reliable ecosystem for users.
##FAQs
###1. What is the significance of EVM in the IRISHUB 2.0 upgrade?
The integration of EVM allows developers to write and deploy smart contracts on the IRISnet network using the Solidity programming language, thereby increasing the network’s scalability and enabling interoperability between the IRISnet and Ethereum networks.
###2. What is ERIS token, and how is it used in the IRISHUB 2.0 network?
ERIS is the new fee token introduced by IRISnet to pay transaction fees in the upgraded network. It can also be used as a governance token for voting on network proposals, incentivizing ecosystem participation and enhancing engagement within the IRISnet network.
###3. What benefits does the IRISHUB 2.0 upgrade bring to the IRISnet network?
The IRISHUB 2.0 network upgrade provides increased scalability, ERC-20 compatibility, and enhanced interoperability, enabling greater connectivity and functionality between the IRISnet and Ethereum networks. The upgrade also introduces heightened security measures to provide a secure and reliable ecosystem for users.
##Keywords
IRISnet, IRISHUB 2.0, EVM, Solidity, ERC-20, interoperability, scalability, security, ERIS token, network upgrade.