Irys is a Layer-1 programmable datachain that fuses high-throughput storage, data availability, and an EVM-compatible VM so smart contracts can directly stream and compute on on-chain data. Its hybrid PoW + Stake consensus continually proves miners’ storage via HDD-bound sampling and matrix-packed chunks, while a multi-ledger design supports both term and permanent storage with stable, USD-pegged pricing. The IRYS token (10 billion initial supply, 20% circulating at TGE) powers fees, collateral, security emissions, staking/slashing, and a protocol endowment, with allocations across ecosystem growth, foundation, team/advisors, airdrops/incentives, liquidity, and investors.
