Irys
Irys is a Tier 1-layer datachain that integrates on-chain data storage and smart contract execution into a single network. Traditional smart contract chains can process financial transactions but lack native infrastructure for processing data at scale. Traditional datachains can handle storage but lack integration with smart contracts.Irys combines both.Irys It bridges this gap by integrating storage and execution, and makes data programmable through its native Irys virtual machine—the EVM execution layer. The network offers flexible storage options: users can choose between term storage (temporary, duration-based) or permanent storage (a one-time payment for permanent retention). Both are priced at cost, enabled by Irys's multi-revenue model, which combines storage fees, execution fees, and programmable data transactions. This design enables Irys to remain price-competitive while maintaining economic sustainability.Irys delivers instant data retrieval and unlimited horizontal scalability. As demand grows, the network scales capacity by adding validators, which continuously maintain proofs of the data partitions assigned to them. The network's native token$IRYS is used to pay all storage and execution fees, as well as for validator staking.
Overview
Irys is a Tier 1-layer datachain that integrates on-chain data storage and smart contract execution into a single network. Traditional smart contract chains can process financial transactions but lack native infrastructure for processing data at scale. Traditional datachains can handle storage but lack integration with smart contracts.Irys combines both.Irys It bridges this gap by integrating storage and execution, and makes data programmable through its native Irys virtual machine—the EVM execution layer. The network offers flexible storage options: users can choose between term storage (temporary, duration-based) or permanent storage (a one-time payment for permanent retention). Both are priced at cost, enabled by Irys's multi-revenue model, which combines storage fees, execution fees, and programmable data transactions. This design enables Irys to remain price-competitive while maintaining economic sustainability.Irys delivers instant data retrieval and unlimited horizontal scalability. As demand grows, the network scales capacity by adding validators, which continuously maintain proofs of the data partitions assigned to them. The network's native token$IRYS is used to pay all storage and execution fees, as well as for validator staking.