Inery is built on a proprietary layer 1 blockchain designed to provide a decentralized database management solution to create a new paradigm for data. It lays the foundation for web3 by seamlessly connecting to Layer 1 systems, applications and networks.
Inery consists of two main products – the Inery blockchain and IneryDBMS, a decentralized data management system. The ecosystem is focused on evolving the essence of Web3 while guaranteeing high throughput (5000 operations per second), cross-chain compatibility, resilience, and top-notch security.
User data is managed through multiple servers on the network, also known as MEM nodes. This ensures high speed, low cost and faster data recovery.
To fully understand how you can become an Inery validator, we first need to look at the Inery testnet and what the developers have already done.
TESTNET
Inery launched its first public testnet on August 10, 2022. By participating in the platform’s public testnet, developers will be able to access features including but not limited to creating smart contracts, transferring $INR tokens, using transactions, and even developing smart value. contracts for tokens and NFTs.
In addition to this, participants can validate blocks and transactions or exchange $INR tokens within the network with a record permanently stored in the database. In addition, developers can register as block producers or validators.
The Inery Testnet allows developers to explore the functionality of the network. Thanks to the feedback received from the developers, the Inery technical team is constantly improving the test network and expanding its capabilities. It goes without saying that the testnet is paramount for testing and experimenting with Inery. This ensures that the deployment of the main Inery network goes perfectly.
Inery Blockchain DNA
Hybrid (public and private) chain – The public chain is optimized for a private decentralized data management solution so that users can build and deploy their applications.
Self-delegated proof-of-stake (SDPOS) is a consensus mechanism that is energy efficient and makes Sybil attacks expensive to implement. Consensus also ensures high throughput and secure network operation, as well as faster completion of data asset transactions.
DAO Governance − Inery is managed by DAO to ensure decentralization and stakeholder cohesion.
Interoperability – The ecosystem has an Inery GUI that allows you to communicate or share data across multiple chains and industries.
Immutability. Data once stored on the blockchain becomes tamper-proof. A history of data is maintained, including changes made, to ensure accountability and credibility.
Low cost, high speed – Inery uses MEM nodes to achieve high performance and low network latency. Converting data into cryptographic texts and storing them on the blockchain allows Inery to provide an affordable database management solution without sacrificing speed or security.
API – Execution on nodes via an API to retrieve data from tables on the blockchain, making it fast and efficient.
Inery has created seven technical challenges, four of which are currently active, to further incentivize developers on the public testnet. After the successful completion of the task, developers are provided with a certain amount of $INR tokens. All announcements of new tasks will be made on Twitter, Discord and Telegram of the project.
BECOME AN INERY VALIDATOR
Validators are randomly selected network nodes running on Proof-Of-Stake blockchains that validate transactions (data sent to be added to the blockchain) on the blockchain. To become an Inery validator, you first need to have your node online.
The first step is to register and create an account. After that, you need to apply to collect 50,000$ INR. Once this is approved, you can download all the necessary files to run node on your computer or server. The next step is to start node and once you have completed all the steps you will be able to create, validate and sign blocks.
In the Inery testnet, validators are master or producer nodes.
If you are not interested in becoming a Master node, but you still want to participate in the test network and earn tokens, you can become a lightweight node on the Inery test network. Lite nodes are peer nodes on the network that help the functioning of the network by making a copy of the registry and listening on all newly created blocks. You can send transactions, read ledgers, and interact with the blockchain