Published: January 29, 2025 at 4:23 am
Updated on January 29, 2025 at 4:23 am
We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.
The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ...
Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.
Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.
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.
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 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.
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.
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.
The performance of the testnet has been impressive, to say the least.
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.
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.
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.
“Irys stands out for its potential to unlock new possibilities for blockchain development”, Smokey the Bera, Co-Founder of Berachain, noted.
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.
Access the full functionality of CryptoRobotics by downloading the trading app. This app allows you to manage and adjust your best directly from your smartphone or tablet.
News
See moreBlog
See more