Inery is a decentralized data system based on a proprietary first-level blockchain.
Simply put, it is a way to truly decentralize Web3 and blockchain-based projects, eliminating the need for centralised databases and related services, while maintaining high security, low latency, high throughput, and guaranteeing the owner full control over data assets.
The Problem
Currently, many blockchain projects have no real application. Either no one has a problem to solve, or they invent hot water and solve a problem for which there are already dozens of solutions available.
Inery solves the very real problem of data system decentralization, data management, security and stability. With Inery’s decentralized data system, the real Web 3 is just one node away.
The network aims to provide businesses and users with a secure and transparent way to manage their data and give them complete control over their data. Inery guarantees users privacy, hack protection, and availability of data storage or data sharing while optimizing performance. Decentralized means it protects user and business data from the single point of failure crisis that plagues centralized infrastructures. This is achieved by managing user data through multiple servers on the network (MEM nodes).
It also prevents central organizations or multiple individuals from manipulating user data for their own benefit. Its functions ensure that only the appropriate user with predefined permissions can access the data. Consequently, users decide who can access their data and how they can use it, and are compensated whenever their data is used. In addition to increasing accountability and trustworthiness of information, it also promotes cross-chain interoperability, allowing different blockchains and metaverses to seamlessly interact and transfer data or assets without compromising security.
Blockchain Inery is…
A public network designed specifically for our decentralized data management system, with a private decentralized data system on top;
Powered by POS (Proof-Of-Stake) consensus mechanism, which makes it resistant to Sybil attacks, less power-intensive and resilient, and provides high throughput;
DAO ensures cohesion and decentralization among stakeholders;
Compatibility between chains – through the Inery graphical interface, we provide data exchange between chains (recording in one chain, minting in another);
Protection against unauthorized access, which means that data once stored in the Inery blockchain cannot be changed or deleted by third parties;
The high speed/low cost that MEM nodes make possible, as well as the high throughput and low latency built into the DNA of the Inery blockchain.
Examples:
Inery can serve various industries including governments, enterprises, financial institutions, healthcare, aviation, real estate, GameFi, educational institutions, etc.
Just think – whether it’s data, transactions, or assets, Inery’s decentralized data system can be used to make it better.
Additionally, developers can take advantage of high performance and scalability to build and run dApp metaverses on top of their blockchain solution. Inery lays the foundation for Web3 by connecting applications, systems and blockchains. Its database management solution enables enterprises and developers to securely store, manage, access and provide data in a distributed infrastructure.
$INR
Inery’s native utility token is $INR and its value is determined by its practical use in the ecosystem. It secures and maintains a distributed data system that serves the following purposes:
Validators: $INR tokens help secure the blockchain through staking. It also provides confirmation verification, transaction relaying, and block validation and completion.
Stake: Token holders can stake their $INR to become a node in the system and earn by verifying transactions and creating blocks.
Vault: $INR tokens act as a unit of exchange for accessing IneryDB, a decentralized data system.
Access: Tokens are vital for interacting with Inery products and services, as well as for incentivizing action within the ecosystem.
Grants: The ecosystem pays periodic grants in the form of its own token in its grant program