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what is Irys @irys_xyz? 👇🏻 ~ Irys is a high-performance, programmable Layer 1 blockchain network specifically developed for data-centric applications. ~ It goes beyond the static data structure offered by traditional blockchains, allowing data to be directly imbued with behavior, rules, and logic on-chain. ~ In this regard, Irys provides a revolutionary infrastructure for many fields such as artificial intelligence, DePIN, copyrights, data markets, and RWA (real-world assets). Irys's Key Technical Features 👇🏻 1. Programmable Data Structure: ~ Irys doesn't just enable data storage; it allows direct embedding of operational logic (business rules, automations) into the data itself. This allows on-chain data to be integrated with AI models, DAO decisions, or digital licensing systems.
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2. IrysVM (EVM-Compatible Virtual Machine): ~ This transaction layer, compatible with Ethereum tools, enables developers to build low-latency, high-access applications on Irys. IrysVM can directly access the storage layer to process on-chain data. 3. Submit / Publish Ledger Architecture: ~ Data is first uploaded to a temporary "submit ledger," then goes through a verification process before being transferred to the permanent "publish ledger." This structure ensures data security, transparency, and timestamp management. 4. Hybrid Consensus Model: ~ The Irys network uses a hybrid form of Proof of Work (PoW) and a staking mechanism. This model provides effective protection against spam while also maintaining network security in a decentralized manner. Use Cases 👇🏻 ~ Artificial Intelligence ~ DePIN & IoT ~ Copyrights & Licensing ~ Data Economy & RWA Investments 👇🏻 ~ Irys has received a total of $8.9 million in investments to date.
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Also 🚨 Irys was recently listed on the Kaito Yapperboard. This development shows that Irys wants to encourage community-driven content creation. Their testnets are also available, and a detailed post will follow soon.
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