The world’s first decentralized database and blockchain management platform

In the 21st century, data is the next fuel with revenues exceeding $1 trillion per year. The amount of data generated, collected and consumed has increased by approximately 5000% in a decade, from 2010 to 2021. According to data projections, the amount of data generated in the next three years will exceed that created in the next 30 previous years. By 2026, the global big data industry is expected to reach $234.6 billion. The need for database management systems has grown as the use, access and relevance of data has increased in both businesses and people.

Inery is the world’s first decentralized database management and blockchain platform. The goal is to create a decentralized and secure database management foundation that will enable a scalable method of data accessibility.

What is Inery Blockchain and how does it work?

The Inery ecosystem is made up of two main components: IneryDB and Inery blockchain. IneryDB uses blockchain technology to provide a decentralized, secure, inexpensive and immutable database management system. Users and businesses can maintain control of their data assets using the database management system, which enables owner-controlled assets. Real-time synchronization of remote databases is one of the key features of its reliable design.

For the implementation of decentralized applications, the platform incorporates a high-speed and scalable blockchain network design. Inery’s blockchain architecture is built with features that provide exceptional speed, cross-chain interoperability, and a durable foundation.

What makes Inery unique among other DeFi ecosystems?

Many blockchain networks have performance limitations, are not scalable, and have inefficient governance structures. Not only did higher power consumption lead to lower performance, but it also led to higher transaction costs.

With its environmentally friendly Proof-of-Stake consensus algorithm, the Inery layer-0 blockchain meets these challenges. Inery is a database that manages data using blockchain features such as immutability, decentralization, and security.

Inery Blockchain Features:

  • Decentralized and Unstoppable: Each Inery node is owned and controlled by a separate entity, enabling a decentralized system with no single point of failure.
  • Immutability: The design of the blockchain prevents the modification or deletion of data after it is recorded on the blockchain. A cryptographic hash function is used to encrypt the data contained on the blocks. Therefore, any attempt to modify the data will be noticed. This protects data integrity and accountability.
  • Security: To add a layer of protection and encryption to the data, Inery has implemented cryptographic methods. Cryptographic proofs ensure that the data that has been encoded on the blocks cannot be tampered with.
  • Database Owner Control: Users regain control of their data thanks to the Inery solution. With the implementation of value contracts, only the owner (or owners) of the value contract has access to the databases.
  • Complex queries: A user can acquire the essential information by using Inery’s sophisticated query system for complex searches to filter the search based on certain requirements. It supports all standard queries such as Advanced Filter/Sort, Select, Parameter, Summary, AutoLookup and Action Queries, as well as creating and manipulating non-relational databases while offering CRUD functionality.
  • High throughput: For the fast and secure operation of the blockchain network, Inery uses the Self-delegated Proof of Stake (SDPOS) consensus method. As a result, the system can have high throughput or TPS (Transactions Per Second), allowing for network scalability.
  • Affordable: to reduce the weight of data and strengthen security, Inery transforms information into encrypted text and places it on the blockchain. Compared to a traditional database stack, this allows Inery to provide a cost effective and low cost database management solution.
  • Byzantine Fault Tolerance (aBFT): Inery adds asynchronous Byzantine Fault Tolerance (aBFT) to the SDPOS consensus protocol for faster realization of irreversibility. In one second, the aBFT algorithm provides 100% proof of irreversibility.

Simplified inter-chain data management:

The metaverse ecosystem will require a cross-chain data management solution to enable next-gen developments. On the Inery blockchain, developers can build and run metaverse DApps. Data published on the Inery blockchain is recorded on many distributed nodes.

The information comes from a decentralized and dispersed network rather than a website, users never lose data when IneryDB is used to extract, because the data is always extracted from IneryDB rather than from a centralized server, users can freely move their data assets from one DApp metaverse to another.

Inery serves a diverse set of use cases across a variety of industries.

  • Companies
  • Government
  • Financial institutions
  • Health care
  • GameFi
  • Aviation
  • Immovable
  • Financial institutions
  • Educational institutions

Inery token utility

The Inery Token (INR) is the native utility token of the Inery blockchain, serving as a governance and utility token. The decentralized data network requires INR to protect and power it.

The INR token gives its users the right to vote, stake $INR, relay transactions, verify, engage with products and services with Inery, stake rewards, access decentralized storage of IneryDB and recurring grants.

Inery Tokenomics

Token symbol $INR
Total supply of INR 800,000,000
Starting public sale price US$0.16
Initial supply in circulation 5,200,000
Public Pre-Sale 176,000,000
Initial Market Cap $832,000

The Inery team

Dr. Naveen Singh – Co-Founder and CEO
Ivan Vujic – Co-founder and technical director
Karanveer Singh – Director of Research
Michael Waechter – Head of Key Strategy
Vincent Irlweck – Marketing Director

Find more details about the project by visiting the links below:

Website | Twitter | Telegram | LinkedIn | Discord | | Youtube

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Maria H. Underwood