The private network Iron Fish will end the third phase of the test network in advance on February 25

On February 24, according to the official news, the privacy network Iron Fish announced that it would end the third phase of the test network in advance on February 25 (originally scheduled to end on March 7). Iron Fish said that the early end of the third phase was due to the excessive system traffic, which often led to API paralysis, and is currently in the process of repair.

Interpretation of this information:

Iron Fish announced that the third phase of their privacy network test has been ended earlier than scheduled, on February 25. The original plan was to end it on March 7, however, due to increased system traffic and repeated API paralysis, it had to be discontinued for repairs. This announcement was made on February 24 via official communication channels.

This decision was taken following several occurrences of system traffic exceeding the existing capacity, causing API paralysis. As a result, the Iron Fish team has decided to terminate the third phase of the test network to address this technical issue. The team is presently working on fixing the problem and making improvements to the existing system architecture.

Iron Fish is a privacy network that uses a combination of zero-knowledge proofs and distributed key generation to facilitate private transactions. The network operates on the Ethereum blockchain platform, providing its users with a decentralized, trustless environment for their transactions. The project’s goal is to guarantee data privacy and security, which Iron Fish hopes to achieve by integrating anonymity-preserving technologies.

The early termination of Iron Fish’s third phase of testing demonstrates the high demand for privacy-focused networks like Iron Fish, which prioritize the privacy and security of users’ data. The rapid growth of the blockchain ecosystem over the past years has strengthened the need for systems that guarantee the privacy of transactions. As such, it is not surprising that Iron Fish’s test network experienced increased congestion and traffic.

To sum up, Iron Fish has ended phase three of its privacy network test earlier than scheduled. This decision was forced by the excessive network traffic that caused API paralysis, and the team is already working on resolving this technical issue.