"Filecoin Narrative Cocoon, Story Middle Way Collapses, Where Does the Data Chain Go?" 》
—— The @irys_xyz of Datachain deconstructed in the vernacular
introduction
The lag of infrastructure construction behind technological innovation is a difficult problem that cannot be avoided in the evolution of human civilization, and the infrastructure of the old technology system cannot carry the demand for innovative technology. The Internet has broken through the limitations of dial-up connections, streaming media has replaced traditional cable TV, cloud computing has disrupted the design, distribution and use of software, and new infrastructure has unleashed the full potential of technological innovation.
The same thing will happen in the data layer of Web3.
Encrypted data is an asset class with huge potential value, but current data layer protocols such as @Filecoin / @ArweaveEco / @StoryProtocol face an impossible triangle: programmability, verifiability, and high cost efficiency. @irys_xyz a feasible solution to break through the impossible triangle is given.
<解构 @irys_xyz="">
The core positioning of @irys_xyz is to focus on data storage and unlock the value of data (Datachain), and it is also a sovereign Layer 1 with independent consensus.
Deconstructing the Irys Technology Architecture in the Vernacular:
Irys = uPoW & staking Hybrid Consensus + IrysVM + Efficient Sampling
<Irys vs.="" filecoin="">
Question 1:
One of the problems of @Filecoin is that miners are allowed to commit to unlimited capacity data storage, which leads to excessive resource expansion and profit compression under vicious competition among miners, which affects the stability of the system.
@irys_xyz proposed uPoW & staking hybrid consensus mechanism can balance the supply of data storage and the incentive of miners to a certain extent. uPoW requires miners to verify the data partitions they maintain by generating cryptographic storage proofs, generate blocks, and receive corresponding rewards; Under the staking mechanism, miners need to stake a certain amount of $IRYS tokens as collateral, and if they are unable to perform their data storage duties, their staked assets will be slashed;
In short, @irys_xyz reduces the possibility of vicious competition and subjective evil of miners by introducing economic punishment constraints.
Question 2:
The second problem with Filecoin is that it doesn't have data programmability. FVM VMs don't have native access to stored data to work with data to unlock the value of it.
@irys_xyz Implementing programmable data on top of IrysVM for on-chain computing capabilities and data layer integration means that smart contracts can query, retrieve, and modify stored data in real-time, unlocking more use cases. Such as enforcing ownership, automating royalty payments, managing access, efficiently validating any predefined instructions in smart contracts.
<Irys vs.="" story="">
Question 3:
@StoryProtocol does not store the full IP assets on-chain, only metadata. Story only stores metadata and not the asset itself, which is often stored in IPFS, which introduces trust risk.
@irys_xyz Storing assets intact on-chain eliminates trust risk for third parties. Based on an efficient sampling mechanism, @irys_xyz ensures that the data is verifiable, greatly optimizing the validation process, and the data is always trusted and accessible, all without sacrificing performance.
By deconstructing Irys, one conclusion can be drawn that the technical architecture of Irys can fill in with the shortcomings of existing data storage protocols and make the Datachain narrative still sexy.
<写在最后>
AWS unlocks hundreds of billions of dollars in business, with database, data storage, and compute at its core unifying into a single system to work together;
From this perspective, @irys_xyz is like the web3 version of AWS, based on its Datachain architecture, transforming data into a verifiable, composable, and monetizable resource, unlocking the huge potential value behind data. </写在最后></Irys></Irys></解构>

@broeast_ @irys_xyz Check out my pinned tweet
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