{"id":57784,"date":"2025-11-25T11:34:58","date_gmt":"2025-11-25T08:34:58","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=57784"},"modified":"2025-11-27T11:36:49","modified_gmt":"2025-11-27T08:36:49","slug":"what-is-irys-irys","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/","title":{"rendered":"What is Irys (IRYS)?"},"content":{"rendered":"<p data-start=\"172\" data-end=\"731\"><strong>Irys<\/strong> is designed as a programmable \u201cdatachain\u201d that combines data storage and smart contract execution into a single <strong>Layer-1<\/strong> architecture. Traditional smart contract networks struggle with large-scale data, while data chains do not natively support smart contracts. Irys bridges this gap with IrysVM, an EVM-compatible execution layer, enabling both storage and computation on the same network. The network offers term (temporary) and permanent storage options and provides low-cost, high-performance infrastructure for developers through near-cost pricing.<\/p>\n<ul>\n<li data-start=\"733\" data-end=\"827\">Data Chain: Combines data storage and smart contract execution in a single architecture.<\/li>\n<li data-start=\"829\" data-end=\"900\">Programmable Data: Allows logic to be written directly into data.<\/li>\n<li data-start=\"902\" data-end=\"976\">IrysVM: EVM-compatible execution layer that enables programmability.<\/li>\n<li data-start=\"978\" data-end=\"1064\">IRYS Token: Used to secure the network and pay for transaction and storage fees.<\/li>\n<\/ul>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/#Team_%E2%80%94_Founders\" title=\"Team \u2014 Founders\">Team \u2014 Founders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/#Investors_and_Key_Partners\" title=\"Investors and Key Partners\">Investors and Key Partners<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/#Project_Idea\" title=\"Project Idea\">Project Idea<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/#How_the_Project_Works\" title=\"How the Project Works\">How the Project Works<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/#Governance\" title=\"Governance\">Governance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/#Roadmap\" title=\"Roadmap\">Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/#IRYS_Token_Use_Cases\" title=\"IRYS Token Use Cases\">IRYS Token Use Cases<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/#Token_Information\" title=\"Token Information\">Token Information<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/#Token_Allocation\" title=\"Token Allocation\">Token Allocation<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/#Ecosystem\" title=\"Ecosystem\">Ecosystem<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/#Features\" title=\"Features\">Features<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/#Official_Links\" title=\"Official Links\">Official Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"1071\" data-end=\"1092\"><span class=\"ez-toc-section\" id=\"Team_%E2%80%94_Founders\"><\/span>Team \u2014 Founders<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1094\" data-end=\"1394\">Josh Benaron (Founder &amp; CEO): The brains behind the project, Benaron dropped out of Surrey University\u2019s Computer Science program. He founded Irys at age 19, focusing on data provenance and verification. Active on LinkedIn and X, he brings experience in team management and visionary leadership.<\/p>\n<p data-start=\"1396\" data-end=\"1527\">West Wolf (CMO \u2013 Chief Marketing Officer): Responsible for marketing strategies and driving the growth of the Irys ecosystem.<\/p>\n<p data-start=\"1529\" data-end=\"1644\">Tiffany L. (VP of Ecosystem): Coordinates partnerships and integrations, strengthening ecosystem connections.<\/p>\n<h2 data-start=\"1651\" data-end=\"1683\"><span class=\"ez-toc-section\" id=\"Investors_and_Key_Partners\"><\/span>Investors and Key Partners<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1685\" data-end=\"1744\">Irys completed two major funding rounds in 2024 and 2025:<\/p>\n<ul data-start=\"1746\" data-end=\"1861\">\n<li data-start=\"1746\" data-end=\"1804\">\n<p data-start=\"1748\" data-end=\"1804\">2024: $10 million raised in an extended seed round<\/p>\n<\/li>\n<li data-start=\"1805\" data-end=\"1861\">\n<p data-start=\"1807\" data-end=\"1861\">2025: $10 million Series A round led by CoinFund<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1863\" data-end=\"1883\">Notable investors:<\/p>\n<ul data-start=\"1885\" data-end=\"2030\">\n<li data-start=\"1885\" data-end=\"1897\">\n<p data-start=\"1887\" data-end=\"1897\">CoinFund<\/p>\n<\/li>\n<li data-start=\"1898\" data-end=\"1911\">\n<p data-start=\"1900\" data-end=\"1911\">Lemniscap<\/p>\n<\/li>\n<li data-start=\"1912\" data-end=\"1927\">\n<p data-start=\"1914\" data-end=\"1927\">Hypersphere<\/p>\n<\/li>\n<li data-start=\"1928\" data-end=\"1946\">\n<p data-start=\"1930\" data-end=\"1946\">Tykhe Ventures<\/p>\n<\/li>\n<li data-start=\"1947\" data-end=\"1967\">\n<p data-start=\"1949\" data-end=\"1967\">Varrock Ventures<\/p>\n<\/li>\n<li data-start=\"1968\" data-end=\"1980\">\n<p data-start=\"1970\" data-end=\"1980\">Breed VC<\/p>\n<\/li>\n<li data-start=\"1981\" data-end=\"1996\">\n<p data-start=\"1983\" data-end=\"1996\">Amber Group<\/p>\n<\/li>\n<li data-start=\"1997\" data-end=\"2011\">\n<p data-start=\"1999\" data-end=\"2011\">Echo Group<\/p>\n<\/li>\n<li data-start=\"2012\" data-end=\"2030\">\n<p data-start=\"2014\" data-end=\"2030\">WAGMI Ventures<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2032\" data-end=\"2156\">This investor profile indicates the project is seen as a promising infrastructure in the \u201cdatachain + execution\u201d category.<\/p>\n<h2 data-start=\"2163\" data-end=\"2181\"><span class=\"ez-toc-section\" id=\"Project_Idea\"><\/span>Project Idea<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2183\" data-end=\"2499\">The core idea is to unify a data storage layer with a computation (execution) layer. In traditional blockchains, storage and execution are separate. Irys allows smart contracts to access, compute, and derive value directly from large on-chain datasets through IrysVM, a high-performance EVM-compatible environment.<\/p>\n<p data-start=\"2501\" data-end=\"2666\">This enables next-generation on-chain AI, analytics, and automation applications where datasets are not only references but integrated programmatically into logic.<\/p>\n<h2 data-start=\"2673\" data-end=\"2700\"><span class=\"ez-toc-section\" id=\"How_the_Project_Works\"><\/span>How the Project Works<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2702\" data-end=\"2775\">Irys features a two-layer architecture: storage and execution (IrysVM).<\/p>\n<ul data-start=\"2777\" data-end=\"3204\">\n<li data-start=\"2777\" data-end=\"2844\">\n<p data-start=\"2779\" data-end=\"2844\">Users can choose between temporary or permanent storage models.<\/p>\n<\/li>\n<li data-start=\"2845\" data-end=\"2945\">\n<p data-start=\"2847\" data-end=\"2945\">Pricing is designed as \u201cat-cost,\u201d meaning storage fees are close to actual infrastructure costs.<\/p>\n<\/li>\n<li data-start=\"2946\" data-end=\"3042\">\n<p data-start=\"2948\" data-end=\"3042\">IrysVM can read data directly from storage, interpret it, and execute embedded instructions.<\/p>\n<\/li>\n<li data-start=\"3043\" data-end=\"3146\">\n<p data-start=\"3045\" data-end=\"3146\">The network scales horizontally; new validators join as demand grows, distributing data partitions.<\/p>\n<\/li>\n<li data-start=\"3147\" data-end=\"3204\">\n<p data-start=\"3149\" data-end=\"3204\">Data retrieval is instantaneous with minimal latency.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3206\" data-end=\"3292\">This makes Irys a fully integrated Layer-1 network for both storage and computation.<\/p>\n<p data-start=\"3294\" data-end=\"3496\">Irys is the first blockchain that makes data not only storable but programmable. Users can write logic directly into data, allowing smart contracts and AI agents to interact with it natively on-chain.<\/p>\n<p data-start=\"3498\" data-end=\"3695\">Data first enters the Submit Ledger for validation and is then promoted to the Publish Ledger for long-term, verifiable storage. Term-based ledgers allow users to choose custom storage durations.<\/p>\n<h2 data-start=\"3702\" data-end=\"3718\"><span class=\"ez-toc-section\" id=\"Governance\"><\/span>Governance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"3720\" data-end=\"3836\">Irys aims for a fully decentralized governance model in the long term. The IRYS token will eventually be used for:<\/p>\n<ul data-start=\"3838\" data-end=\"3936\">\n<li data-start=\"3838\" data-end=\"3858\">\n<p data-start=\"3840\" data-end=\"3858\">Protocol updates<\/p>\n<\/li>\n<li data-start=\"3859\" data-end=\"3887\">\n<p data-start=\"3861\" data-end=\"3887\">Storage model parameters<\/p>\n<\/li>\n<li data-start=\"3888\" data-end=\"3911\">\n<p data-start=\"3890\" data-end=\"3911\">IrysVM improvements<\/p>\n<\/li>\n<li data-start=\"3912\" data-end=\"3936\">\n<p data-start=\"3914\" data-end=\"3936\">Economic adjustments<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3938\" data-end=\"4052\">Currently, the focus is on technical infrastructure and ecosystem growth, with governance gradually rolling out.<\/p>\n<h2 data-start=\"4059\" data-end=\"4072\"><span class=\"ez-toc-section\" id=\"Roadmap\"><\/span>Roadmap<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"4074\" data-end=\"4133\">Key milestones according to Irys\u2019 official announcements:<\/p>\n<ul data-start=\"4135\" data-end=\"4489\">\n<li data-start=\"4135\" data-end=\"4219\">\n<p data-start=\"4137\" data-end=\"4219\">2024: Data model design, IrysVM development, storage architecture completion<\/p>\n<\/li>\n<li data-start=\"4220\" data-end=\"4302\">\n<p data-start=\"4222\" data-end=\"4302\">2024\u20132025: Testnet phases, validator onboarding, economic model deployment<\/p>\n<\/li>\n<li data-start=\"4303\" data-end=\"4398\">\n<p data-start=\"4305\" data-end=\"4398\">2025: Series A funding, network infrastructure scaling, ecosystem partnership expansion<\/p>\n<\/li>\n<li data-start=\"4399\" data-end=\"4489\">\n<p data-start=\"4401\" data-end=\"4489\">Post-2025: Mainnet, governance launch, programmable-data-focused application layer<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"4491\" data-end=\"4562\">The roadmap emphasizes development phases and ecosystem partnerships.<\/p>\n<h2 data-start=\"4569\" data-end=\"4595\"><span class=\"ez-toc-section\" id=\"IRYS_Token_Use_Cases\"><\/span>IRYS Token Use Cases<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"4597\" data-end=\"4647\">The IRYS token has multiple uses on the network:<\/p>\n<ul data-start=\"4649\" data-end=\"4870\">\n<li data-start=\"4649\" data-end=\"4674\">\n<p data-start=\"4651\" data-end=\"4674\">Staking by validators<\/p>\n<\/li>\n<li data-start=\"4675\" data-end=\"4721\">\n<p data-start=\"4677\" data-end=\"4721\">Execution fees (smart contract operations)<\/p>\n<\/li>\n<li data-start=\"4722\" data-end=\"4765\">\n<p data-start=\"4724\" data-end=\"4765\">Storage fees (term &amp; permanent storage)<\/p>\n<\/li>\n<li data-start=\"4766\" data-end=\"4807\">\n<p data-start=\"4768\" data-end=\"4807\">Fees for programmable data operations<\/p>\n<\/li>\n<li data-start=\"4808\" data-end=\"4848\">\n<p data-start=\"4810\" data-end=\"4848\">Value recovery through token burning<\/p>\n<\/li>\n<li data-start=\"4849\" data-end=\"4870\">\n<p data-start=\"4851\" data-end=\"4870\">Governance voting<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"4872\" data-end=\"4952\">IRYS functions as both an economic security layer and a network utility token.<\/p>\n<h2 data-start=\"4959\" data-end=\"4982\"><span class=\"ez-toc-section\" id=\"Token_Information\"><\/span>Token Information<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"4984\" data-end=\"5006\">Known token details:<\/p>\n<ul data-start=\"5008\" data-end=\"5266\">\n<li data-start=\"5008\" data-end=\"5036\">\n<p data-start=\"5010\" data-end=\"5036\">Deflationary token model<\/p>\n<\/li>\n<li data-start=\"5037\" data-end=\"5094\">\n<p data-start=\"5039\" data-end=\"5094\">Annual validator reward: 2%, halving every four years<\/p>\n<\/li>\n<li data-start=\"5095\" data-end=\"5131\">\n<p data-start=\"5097\" data-end=\"5131\">50% of execution fees are burned<\/p>\n<\/li>\n<li data-start=\"5132\" data-end=\"5171\">\n<p data-start=\"5134\" data-end=\"5171\">95% of term-storage fees are burned<\/p>\n<\/li>\n<li data-start=\"5172\" data-end=\"5266\">\n<p data-start=\"5174\" data-end=\"5266\">Permanent storage fees go to the \u201cIrys Storage Endowment\u201d and are removed from circulation<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"5268\" data-end=\"5328\">This ensures token supply tightens as network usage grows.<\/p>\n<ul data-start=\"5330\" data-end=\"5452\">\n<li data-start=\"5330\" data-end=\"5371\">\n<p data-start=\"5332\" data-end=\"5371\"><a href=\"https:\/\/coinmarketcap.com\/currencies\/irys\/\">Total Supply<\/a>: 10,000,000,000 IRYS<\/p>\n<\/li>\n<li data-start=\"5372\" data-end=\"5405\">\n<p data-start=\"5374\" data-end=\"5405\">Max Supply: Not specified<\/p>\n<\/li>\n<li data-start=\"5406\" data-end=\"5452\">\n<p data-start=\"5408\" data-end=\"5452\">Circulating Supply: 2,000,000,000 IRYS<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"5459\" data-end=\"5481\"><span class=\"ez-toc-section\" id=\"Token_Allocation\"><\/span>Token Allocation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul data-start=\"5483\" data-end=\"5996\">\n<li data-start=\"5483\" data-end=\"5559\">\n<p data-start=\"5485\" data-end=\"5559\">Ecosystem: 30% (~3.0 B) \u2013 Grants, cross-chain projects, integrations<\/p>\n<\/li>\n<li data-start=\"5560\" data-end=\"5631\">\n<p data-start=\"5562\" data-end=\"5631\">Foundation: 9.9% (~1.0 B) \u2013 Core development, audits, education<\/p>\n<\/li>\n<li data-start=\"5632\" data-end=\"5713\">\n<p data-start=\"5634\" data-end=\"5713\">Airdrop &amp; Future Incentives: 8% (~0.8 B) \u2013 Community &amp; developer programs<\/p>\n<\/li>\n<li data-start=\"5714\" data-end=\"5801\">\n<p data-start=\"5716\" data-end=\"5801\">Liquidity &amp; Launch Partners: 8% (~0.8 B) \u2013 Market making and exchange liquidity<\/p>\n<\/li>\n<li data-start=\"5802\" data-end=\"5882\">\n<p data-start=\"5804\" data-end=\"5882\">Team &amp; Advisors: 18.8% (~1.9 B) \u2013 1-year cliff + 36-month linear release<\/p>\n<\/li>\n<li data-start=\"5883\" data-end=\"5996\">\n<p data-start=\"5885\" data-end=\"5996\">Investors: 25.3% (~2.5 B) \u2013 1-year cliff + 36-month linear release (Alpha round: 0.72% vesting variation)<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"6003\" data-end=\"6018\"><span class=\"ez-toc-section\" id=\"Ecosystem\"><\/span>Ecosystem<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"6020\" data-end=\"6071\">Irys targets data-heavy Web3 projects, including:<\/p>\n<ul data-start=\"6073\" data-end=\"6274\">\n<li data-start=\"6073\" data-end=\"6116\">\n<p data-start=\"6075\" data-end=\"6116\">On-chain AI model storage and execution<\/p>\n<\/li>\n<li data-start=\"6117\" data-end=\"6146\">\n<p data-start=\"6119\" data-end=\"6146\">DePIN device data systems<\/p>\n<\/li>\n<li data-start=\"6147\" data-end=\"6205\">\n<p data-start=\"6149\" data-end=\"6205\">On-chain media, NFT licensing, and archiving platforms<\/p>\n<\/li>\n<li data-start=\"6206\" data-end=\"6237\">\n<p data-start=\"6208\" data-end=\"6237\">Data licensing marketplaces<\/p>\n<\/li>\n<li data-start=\"6238\" data-end=\"6274\">\n<p data-start=\"6240\" data-end=\"6274\">Data-intensive DeFi applications<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"6276\" data-end=\"6393\">Through IrysVM, projects can use both their own and other protocol data, enabling cross-chain \u201cdata composability.\u201d<\/p>\n<p data-start=\"6395\" data-end=\"6519\">Binance Alpha: Irys (IRYS) will debut on the Binance Alpha platform on November 25, allowing users to trade the token.<\/p>\n<h2 data-start=\"6526\" data-end=\"6540\"><span class=\"ez-toc-section\" id=\"Features\"><\/span>Features<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul data-start=\"6542\" data-end=\"7031\">\n<li data-start=\"6542\" data-end=\"6600\">\n<p data-start=\"6544\" data-end=\"6600\">Unified Layer-1 architecture for storage and execution<\/p>\n<\/li>\n<li data-start=\"6601\" data-end=\"6666\">\n<p data-start=\"6603\" data-end=\"6666\">Execute embedded logic on data via IrysVM (Programmable Data)<\/p>\n<\/li>\n<li data-start=\"6667\" data-end=\"6705\">\n<p data-start=\"6669\" data-end=\"6705\">Term and permanent storage options<\/p>\n<\/li>\n<li data-start=\"6706\" data-end=\"6735\">\n<p data-start=\"6708\" data-end=\"6735\">Near-cost storage pricing<\/p>\n<\/li>\n<li data-start=\"6736\" data-end=\"6801\">\n<p data-start=\"6738\" data-end=\"6801\">Triple revenue model: storage + execution + programmable data<\/p>\n<\/li>\n<li data-start=\"6802\" data-end=\"6854\">\n<p data-start=\"6804\" data-end=\"6854\">Horizontal scalability (unlimited data capacity)<\/p>\n<\/li>\n<li data-start=\"6855\" data-end=\"6881\">\n<p data-start=\"6857\" data-end=\"6881\">Instant data retrieval<\/p>\n<\/li>\n<li data-start=\"6882\" data-end=\"6909\">\n<p data-start=\"6884\" data-end=\"6909\">Hybrid uPoW\/S consensus<\/p>\n<\/li>\n<li data-start=\"6910\" data-end=\"6956\">\n<p data-start=\"6912\" data-end=\"6956\">Deflationary token model (high burn rates)<\/p>\n<\/li>\n<li data-start=\"6957\" data-end=\"7031\">\n<p data-start=\"6959\" data-end=\"7031\">Validator structure ensures data integrity through economic incentives<\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"7033\" data-end=\"7036\" \/>\n<h2 data-start=\"7038\" data-end=\"7131\"><span class=\"ez-toc-section\" id=\"Official_Links\"><\/span>Official Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/irys.xyz\/\">Website<\/a><\/li>\n<li><a href=\"https:\/\/x.com\/irys_xyz\">Twitter<\/a><\/li>\n<\/ul>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\">Telegram,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\">YouTube<\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Irys is designed as a programmable \u201cdatachain\u201d that combines data storage and smart contract execution into a single Layer-1 architecture. Traditional smart contract networks struggle with large-scale data, while data chains do not natively support smart contracts. Irys bridges this gap with IrysVM, an EVM-compatible execution layer, enabling both storage and computation on the same<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[13625,25930,25957,25959,4640,25960,25958],"class_list":["post-57784","post","type-post","status-publish","format-standard","hentry","category-altcoin-projects","category-project-review","tag-decentralized-storage","tag-irys","tag-irys-token","tag-irysvm","tag-layer-1-blockchain","tag-on-chain-ai","tag-programmable-data"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Irys (IRYS)? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Irys (IRYS), the programmable datachain combining storage and smart contracts, enabling on-chain AI and low-cost high-performance apps.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Irys (IRYS)? - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Irys (IRYS), the programmable datachain combining storage and smart contracts, enabling on-chain AI and low-cost high-performance apps.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-25T08:34:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-27T08:36:49+00:00\" \/>\n<meta name=\"author\" content=\"Yeliz Akmaca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yeliz Akmaca\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/what-is-irys-irys\/\",\"name\":\"What is Irys (IRYS)? 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