"Filecoin Narrative Cocooned, Story Crumbles, Where Should the Data Chain Go?" —— Plain Language Deconstruction of Datachain by @irys_xyz Introduction The lag in infrastructure development compared to technological innovation is an unavoidable challenge in the evolution of human civilization. The infrastructure of old technological systems cannot support the demands of innovative technologies. The internet broke through the limitations of dial-up connections, streaming media replaced traditional cable TV, and cloud computing disrupted the design, distribution, and use of software. New infrastructure has fully unleashed the potential of technological innovation. The same situation will occur in the data layer of web3. Encrypted data is a potentially valuable asset class, but current data layer protocols like @Filecoin / @ArweaveEco / @StoryProtocol face the impossible triangle: programmability, verifiability, and high cost efficiency. @irys_xyz offers a feasible solution to break through the impossible triangle. <Deconstructing @irys_xyz> The core positioning of @irys_xyz focuses on data storage and unlocking data value through the data chain (Datachain), which is also a sovereign Layer 1 with independent consensus. Plain Language Deconstruction of Irys Technology Architecture: Irys = uPoW & staking hybrid consensus + IrysVM + Efficient Sampling Mechanism <Irys vs. Filecoin> Issue 1: One of the issues with @Filecoin is that it allows miners to commit unlimited data storage capacity, leading to resource over-expansion and profit compression due to malicious competition among miners, affecting system stability. The uPoW & staking hybrid consensus mechanism proposed by @irys_xyz can balance data storage supply and miner incentives to some extent. uPoW requires miners to generate cryptographic storage proofs to verify the data partitions they maintain, generate blocks, and receive corresponding rewards. Under the staking mechanism, miners need to pledge a certain amount of $IRYS tokens as collateral, and if they fail to fulfill their data storage duties, their pledged assets will be slashed. In short, @irys_xyz reduces the possibility of malicious competition and subjective misconduct by introducing economic penalty constraints. Issue 2: The second issue with Filecoin is the lack of data programmability. The FVM virtual machine cannot natively access stored data and cannot work collaboratively with data to unlock its value. @irys_xyz implements programmable data based on IrysVM, achieving integration of on-chain computing functions and the data layer, meaning 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 permissions, and efficiently verifying any predefined instructions in smart contracts. <Irys vs. Story> Issue 3: @StoryProtocol does not store complete IP assets on-chain, only metadata. Story only stores metadata and not the asset itself, which is usually stored in IPFS, inadvertently introducing trust risks. @irys_xyz stores assets completely on-chain, eliminating third-party trust risks. Based on the efficient sampling mechanism, @irys_xyz can ensure data verifiability, greatly optimizing the verification process, ensuring data is always trustworthy and accessible, all without sacrificing performance. By deconstructing Irys, one can conclude that Irys's technology architecture can complement the shortcomings of existing data storage protocols, keeping the Datachain narrative appealing. <Final Thoughts> AWS unlocked business worth hundreds of billions of dollars by integrating databases, data storage, and computing into a single system for collaborative work. From this perspective, @irys_xyz is like the web3 version of AWS, transforming data into a verifiable, composable, and monetizable resource based on its Datachain architecture, unlocking the enormous potential value behind data."}]};