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January 29, 2025

Irys’s Programmable DataChain: A New Era for AI and Blockchain

Irys’s Programmable DataChain: A New Era for AI and Blockchain

Unveiling the Programmable DataChain

Irys just launched its testnet for a programmable datachain, which is a Layer-1 blockchain that seamlessly combines low-cost, scalable storage with EVM-compatible execution. This is all about fixing some major bottlenecks we see when trying to merge AI and blockchain technologies. Now, in theory, this opens some remarkable doors for all those AI-driven applications.

You have probably seen Ethereum and Bitcoin do wonders with smart contracts and payments. But when it comes to providing storage, they start to struggle. On the flip side, these early datachains like Filecoin and Arweave are storage kings but can’t handle smart contracts. And with the growing AI ecosystem, we really need something more robust. Irys could potentially solve that problem, providing the massive data support required for decentralized AI agents, training datasets, and inference workflows.

What Sets Irys Apart

Native Storage Meets Execution

Irys has introduced a native EVM-compatible execution layer, called IrysVM, which connects directly with a low-cost storage layer. This allows for programmable data, which means you can actually embed logic into verifiable data. Smart contracts then get to read and execute this logic, which makes the data itself a player in the game of network effects across a range of sectors.

The IrysVM Advantage

The IrysVM is an upgrade over the traditional EVM model. You can keep using the tools and workflows you’re used to; the only catch is that programmable data opcodes require minimal extra code, which doesn’t sound too daunting.

Flexible Storage Options

The flexibility here is pretty amazing, as Irys supports both temporary and permanent storage. It has a multi-ledger system, which means you can add new ledgers whenever you need them.

A Unique Consensus Model

The hybrid consensus model is also a first. It combines a useful Proof of Work (PoW) with staking. This aligns the mining efforts with the real contributions of storing accessible, verifiable data on the network. You get strong security, verifiable storage, and decentralization, all without sacrificing scalability.

Testnet Performance Metrics

The performance of the testnet has been impressive, to say the least.

  • Throughput: 100x higher than current systems, which is huge for scaling transaction volumes.
  • Latency: 100x lower than Filecoin, making data access nearly instant.
  • Data Transactions: 100,000 transactions per second. That’s about 6,000 times faster than Filecoin.
  • Storage: Infinite capacity at 16 times cheaper than Arweave.

Implications for AI and Blockchain

Irys’s programmable datachain could change the game for AI and blockchain integration. The ability to program data and make it scalable enables AI agents to communicate and share memory, breaking free from isolated silos. This should contribute to the exponential improvement of AI intelligence.

Expanding Possibilities

Are we looking at a future where decentralized AI agents, training datasets, and inference workflows are common? Irys’s architecture supports that, increasing the programmability of data and enhancing AI-driven applications.

Strategic Partnerships

Irys has teamed up with industry leaders like Berachain, a16z, Eclipse, Injective Labs, Livepeer, and Linea to push this forward. These partnerships are expected to enhance the development and deployment of AI-driven applications on the Irys platform.

Industry Feedback

“Irys stands out for its potential to unlock new possibilities for blockchain development”, Smokey the Bera, Co-Founder of Berachain, noted.

Summary

With the testnet now live, projects building on Irys as a Layer-1 versus using it solely for storage are likely to increase significantly. Irys seems to be gearing up for a big role in the future of decentralized intelligence.

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Egor Romanov
About Author

Egor Romanov is an experienced crypto analyst, professional trader, and author of trading strategies and the Cryptorobotics blog, where he shares his knowledge about cryptocurrencies and financial markets.

Alina Tukaeva
About Proofreader

Alina Tukaeva is a leading expert in the field of cryptocurrencies and FinTech, with extensive experience in business development and project management. Alina is created a training course for beginners in cryptocurrency.

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