AN EXPLANATION OF IRYS

Summary from the TLDR Crypto newsletter

Irys is a programmable datachain that stores data affordably onchain while allowing smart contracts to interact directly with that stored information, differentiating it from traditional blockchains that use expensive storage or rely on pointers to offchain data. Unlike other datachains that simply store data permanently, Irys offers both temporary and permanent storage options with programmable rules attached directly to the data, enabling use cases like event tickets with embedded logic for single-use scanning or IP protection. The platform addresses the high cost of onchain data storage on general-purpose blockchains while maintaining the verifiability and permanence that offchain storage solutions cannot guarantee.