I always thought that the anime style project of animation on this website was engaged in meme or gamefi. After in-depth research this morning, I found that @ irys_xyz is really not simple. First, I followed a wave of official Chinese tweets: @ cn_irys_xyz Simply put, it has a mission that goes beyond the existing L1 ⬇️ Irys: A Programmable Data Chain Reshaping the Paradigm of Blockchain Data In the blockchain world, "storage" is often seen as a secondary task. The vast majority of public blockchains, such as Ethereum and Solana, have architectures that serve to execute smart contracts rather than store large-scale data. The result is expensive storage, difficult access, and limited functionality. The "data chain" that attempted to solve this problem in the early days, although reducing on chain storage costs, fell into the bottleneck of "data can only be stored but not used". Irys was born to break through this dilemma. It is not only a data chain, but also the world's first programmable data chain, fundamentally subverting the definition of "data" in blockchain, making data no longer just a dormant archive, but a logical, callable, and interactive "intelligent asset". 🧩 Project Overview: What is Irys? Irys is a blockchain infrastructure designed for "data" that integrates storage and execution capabilities, building a complete programmable data ecosystem. Traditional blockchain separates storage and execution: Execution chain (such as ETH): Strong execution ability, but expensive storage like gold. Early data chains (such as Arweave): suitable for cheap storage, but data lacks activity and is difficult to participate in business logic. And Irys provides a new paradigm: A full stack platform that natively supports data storage, validation, scheduling, and execution. 🚧 Key issues to be addressed in the project 1. The development complexity brought by fragmented storage Traditional developers use multiple modules (IPFS+ETH+Oracle, etc.) to combine storage and execution logic in applications, resulting in complex deployment processes and high maintenance costs. Irys provides an integrated platform for data and contracts, allowing developers to complete all actions within a single protocol, greatly reducing development friction and system risks. 2. Data statics issue Even if the data is on chain, it lacks dynamic calling capability, cannot execute, verify, or trigger contracts, resulting in the inability to support more complex applications. Irys introduces the concept of "programmable data": Data has embedded attributes such as access permissions, ownership, automatic profit sharing, etc., which can actively "execute" their rules in the application. 3. Centralization risk Many early data chains were monopolized by a few nodes, which undermined the original intention of decentralization. Irys has designed a unique PoW+PoS hybrid consensus mechanism, which utilizes: Hashrate upper limit (≤ 10% per address) • Incentive structure restricts multi address cheating • Forcefully pledge and activate miner addresses, We have achieved true distributed trust and governance. 4. Unpredictability caused by price fluctuations The high and unstable cost of on chain storage severely restricts application expansion. Irys introduces a pricing mechanism based on timestamps and moving averages (EMAs), supplemented by miner bid verification and penalty mechanisms, to achieve a stable and predictable storage pricing model. 🧠 Core Technology Architecture 1. Multi Ledger Cycle architecture Submit Ledger: A temporary storage and verification location for data submitted by users. Publish Ledger: After verification, the data is permanently written, indicating that the data has been successfully uploaded to the chain. Scalable Term Ledger: In the future, it will support the creation of data ledgers with different lifecycles on demand. This mechanism forms a 'data life stream', which constructs a complete data behavior path from uploading to validation, and then to callable. 2. Matrix Packaging: Verifiable Data Structure Design Each storage partition is packaged using GPU accelerated matrix packing to generate unique data blocks with encryption features. Prevent miners from double counting and taking shortcuts, ensuring the authenticity and reliability of data storage. Provide verifiable proof (Merkle Root+uploader/timestamp record). This is the underlying design guarantee to ensure that 'on chain data can be verified and called'. 3. IrysVM: Virtual Machine Born for Data Unlike EVM, which focuses on executing logic, IrysVM supports native interaction between data attributes and smart contracts Directly call the ownership, authorization, profit distribution and other attributes of data; • Avoid competing for gas with storage and contracts like ETH; Make data a part of the contract logic, rather than an 'attachment'. 🌟 Irys' unique advantages and innovative points 🧠 Programmable: Data can carry metadata and automatically execute logic such as authorization, transactions, copyright, etc 🔐 Verifiability: Upload → Verify → Store full chain verification, data cannot be forged 🏗️ Easy to develop: storage and execution integration, reducing the deployment threshold for developers 💰 Cost predictability: Storage price anchored sliding average, clear and controllable 🧱 High scalability: Multi ledger+module scalable architecture, supporting complex ecological requirements 🌐 Truly decentralized: hybrid consensus mechanism ensures no node monopoly My expectation for it: Building a data-driven on chain future If Bitcoin is a 'decentralized store of value' and Ethereum is a 'decentralized code execution', then Irys is becoming a 'decentralized data activation engine'. Programmable data will give rise to: Autonomous NFT/copyright distribution platform; On chain infrastructure for Data as a Service (DaaS); • Native data source for Web3 search and AI training; Content platforms, social products, etc. with autonomous execution capabilities. Irys is not just a storage chain, it is a key engine that transforms on chain data from "passive archives" to "active assets". I think Irys is the "Internet based" revolution of data on the chain Just as the Internet has evolved from a static web page to a dynamic ecosystem, Irys is leading blockchain data from the "end of storage" to the "starting point of innovation". In this future where everything is programmable, data is no longer just 'existence', it will act, make decisions, and change the rules of the game. @josh_benaron @KaitoAI kaitoyapper @DMacOnchain @misterwestwolf @cn_irys_xyz