Traditional iridium (Ir) oxide catalysts have faced significant limitations in water electrolysis, particularly under acidic conditions where instability and degradation severely restrict the efficiency of the oxygen evolution reaction (OER) and hydrogen evolution reaction (HER). To overcome these challenges, this study successfully synthesized highly dispersed IrPtPdNi alloy nanoparticles on a graphene oxide support using a vertically moving reactor, demonstrating exceptional performance in water electrolysis. These nanoparticles, synthesized via a fast-moving bed pyrolysis method, combine iridium, platinum, palladium, and nickel. They exhibit lower overpotentials in OER and comparable performance in HER to commercial catalysts, while also offering enhanced stability. These results surpass the limitations of traditional catalysts, marking significant progress toward more efficient and sustainable hydrogen production technologies. This advancement is expected to contribute significantly to the development of sustainable energy systems by innovatively enhancing the performance of catalysts in the electrochemical water-splitting process.