Irys

Irys is a Layer 1 datachain that combines onchain data storage and smart contract execution into one network. Unlike traditional smart contract chains that mainly focus on financial transactions, Irys allows for larger-scale data operations by integrating storage and smart contracts. Users can choose from temporary or permanent storage options, both offered at competitive prices. The Irys token, $IRYS, is used for paying storage and execution fees, as well as validator staking.

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