Blockchain began in 1991 as a way to store and secure digital data. It is an open ledger that several parties can access at once which records information that is hard to change without an agreement from all the parties involved. Each new record becomes a block with a unique, identifying hash that when linked into a chain of records forms a blockchain. Blockchain helps in the verification and traceability of multistep transactions, providing secure transactions, reducing compliance costs, and speeding up data transfer processing. But not only that, blockchain technology has evolved into a whole new ecosystem, which is now known as Web3. This space is built around three main pilars. It first began and evolved with cryptocurrencies, a new decentralized and autonomous way of transmiting value. After the invention of these fungible tokens, Non Fungible Tokens appeared (NFTs). This second generation brought a key aspect of our economy and everyday life to the digital world: private property. This revolutionized the whole digital industry, enabling users to now own their data, profiles, collectibles and pretty much every aspect of their online life. Finally, with the appearance of a new virtual economy powered by cryptocurrencies and boosted with by private property, the idea of a complete and resourceful digital world became a reality . A new universe where people would spend their time, earn money, own assets and live their dream life. This universe is what we know as the metaverse. It is said that developed around these three pilars, Blockchain technology will become even a greater revolution than Internet was some years ago.

But if blockchain technology is so powerful, why isn’t everybody using it?

This is due to two main issues which Iron has managed to solve. The first and most important one is the technical barriers and friction for user experience. Blockchain is a new and powerful technology, with a lot of technical terms and issues which a newcomer may find difficult to understand and get a grip on. That is where, our team has worked thoroughly to give our users a kind and easy experience in our platform. We will manage all the technical details related to blockchain and promote a real thriving and powered community, introducing this technology to the masses, therefore turning this project into an industry world reference one. The second regards gas fees and will be explained on the Polygon section.

Polygon is a layer-two scaling solution that runs alongside the Ethereum blockchain. Gas fees are the cost that has to be paid so that a transaction gets signed and recorded on the blockchain. These fees depend on the blockchain you are working on. Therefore, after a long and conscientious research we have chosen Polygon as the blockchain network where we will develop the Iron Ecosystem. Besides having lower gas fees, Polygon has lots of benefits such as the ones listed below.