Buy Irys

What is Irys?

Irys (IRYS) is a Layer-1 blockchain platform positioned as the first "datachain"—a decentralised protocol that makes data programmable. Unlike traditional blockchain storage layers, Irys combines long-term data storage with a native, EVM-compatible execution environment, enabling smart contracts and AI agents to interact directly with the data. This architecture allows data to carry embedded instructions and participate actively in on-chain workflows. Irys aims to support high-performance, low-cost storage alongside programmable execution, making it ideal for data-intensive sectors such as AI, DeFi, gaming, and digital rights management.

Unique features of Irys include programmable data, where rules and logic can be embedded directly into stored information; a dual-ledger system consisting of the Submit Ledger for validation and the Publish Ledger for long-term storage; and a hybrid consensus model that blends Proof-of-Work and Proof-of-Stake concepts. The platform is also chain-agnostic, meaning it can integrate with networks like Polygon, Base, and Aptos while preserving a single source of truth on the Irys chain.

How does Irys work?

Irys is built around a structured, data-first blockchain architecture. At its core are ledgers that manage the data lifecycle: the Submit Ledger handles validation and governance rules, while the Publish Ledger stores validated data permanently. There are also time-based storage ledgers designed for use cases that require data to expire after a fixed period. This layered structure supports a scalable and rules-driven approach to on-chain data management.

Execution on Irys is handled by IrysVM, a native virtual machine that is compatible with the Ethereum Virtual Machine (EVM), allowing developers to build smart contracts using familiar tools and languages. These contracts can directly reference or manipulate data stored on the Irys chain, unlocking programmable workflows and automation. The consensus mechanism, often described as a form of "Useful Proof-of-Work," combines security, performance, and energy efficiency, with staking elements contributing to validator participation and network governance.

What are the potential use cases for Irys?

Irys is designed for any decentralised application that relies on efficient, programmable access to data. In the AI space, Irys can serve as an on-chain data layer for machine learning pipelines, enabling AI agents to pull structured, validated data directly into their compute graphs. In DeFi, the chain can store historical trading data, strategy rules, or risk models that smart contracts can reference autonomously.

Other use cases include gaming, where persistent asset metadata and dynamic in-game logic benefit from programmable data; digital rights management, where content can carry embedded licensing rules; and cross-chain applications that require a reliable data source accessible from multiple networks. Thanks to Irys’s chain-agnostic design, developers can build interoperable applications while maintaining data integrity on a single network.

What is the history of Irys?

Irys was conceived by a team focused on bridging the gap between decentralised storage and programmable execution. While specific founder details are not highlighted, the project's early vision centred around making data a first-class, actionable entity on-chain—capable of enforcing its own rules and participating in logic execution. This idea evolved into the platform’s programmable data model and dual-ledger system.

Over time, Irys has reached key milestones such as the launch of its testnet and mainnet, ecosystem partnerships, and initial integrations with other Layer-1 and Layer-2 networks. The development roadmap has included enhancements to the ledger system, performance optimisations, and a focus on "Useful Proof-of-Work" as a novel consensus concept. Tokenomics, including emission schedules and burn mechanisms, have also been part of the platform’s strategic planning.