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Irys Joins the IoTeX 2.0 as the Data Provenance Layer

Twitter icon  •  Published 5 months ago on August 7, 2024  •  Hassan Maishera

The IoTeX team announced via X on Monday that Irys has joined the IoTeX 2.0 Modular DePIN Infrastructure as the data provenance layer.

Irys Joins the IoTeX 2.0 as the Data Provenance Layer

The IoTeX team announced via X on Monday that Irys has joined the IoTeX 2.0 Modular DePIN Infrastructure as the data provenance layer. Irys is set to provide robust data integrity for all DePIN builders.

Data provenance is essential for ensuring the integrity and trustworthiness of DePIN data. Since DePIN applications deal with financial incentives, verifying the origin, history, and authenticity of data is paramount. IoTex added that Irys’s cost-transparency and infinite scalability make it the premier choice for DePIN data management.

IoTeX's mission is to be a privacy-centric blockchain managing the entire information lifecycle of an Internet of Things (IoT) network, including data collection, transport, storage, and utilization. IOTX is up by 2% today and is currently trading at $0.03385. 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.