There have always been problems in the storage and processing of blockchain data. Like Ethereum, storing hundreds of KB of data costs tens of thousands of dollars, and the data cannot be saved for a long time. Currently, there is no good solution. The project @ irys_xyz, known as the "cloud computing base" in Web3, solves the data storage and processing problems in the blockchain field through the concept of "data+execution integration". The following are the key concepts and characteristics of Irys: Irys' core philosophy 🔸 Data+Execution Integration: Irys provides a built-in EVM compatible execution environment, allowing data to be read, used, and combined directly on the same chain. This solves the problems of cross chain and offline operations, improving the composability and availability of data. 🔸 Dual ledger architecture: Newly submitted data will be quickly processed (Submit Ledger) and then enter permanent storage (Publish Ledger) after verification. This architecture ensures both upload speed and data persistence. Irys' advantages 🔹 High throughput: Attractive for DApps that require high concurrency or frequent data. 🔹 Decentralization: A decentralized environment that reduces the risk of being restricted by the platform. 🔹 Composability: allows more data, protocols, and services to be gathered together, giving rise to more innovative applications. Comparison with traditional cloud computing Irys is likened to "AWS on the chain," but it does not directly compete with AWS, but rather provides an on chain environment that does not rely on centralized access and operates at cost. Compared to AWS, Irys places more emphasis on decentralization and composability, allowing various applications to freely combine. Just like AWS packages various common requirements into cloud services, helping developers solve large-scale on chain storage and computing problems in one stop, lowering the development threshold. Moreover, Irys has recently implemented cloud based data storage on the testing website, which does not require a subscription and provides complete privacy. Follow up on the team's progress in this area @ tryloft Financing situation and team background At present, the demand for "big data+blockchain" in the blockchain industry has increased significantly. Irys has raised about $10 million in seed rounds and is currently conducting Series A financing. Its investors include well-known venture capitalists such as Lemniscap, Primitive, and Framework. Irys' team has successfully developed Bundlr, Arweave's L2 project, which helped expand the trading volume of Arweave's network. Finally, Irys, as an emerging project in the blockchain field, is expected to solve the current challenges of on chain data storage and processing. Irys proposed the concept of "data+execution integration", which has high throughput, can achieve efficient storage and convenient use of data, and is regarded as the "AWS on the chain". However, for Irys to become a true "AWS on the chain", it still depends on the implementation of the ecosystem@ cn_irys_xyz