Comparing Walrus and Irys
First of all, @Walrus has already launched its mainnet, while @irys_xyz is still before its mainnet, so a direct comparison might be difficult. However, since they are among the most emerging projects in the decentralized cloud market, it would be good to compare them and look at them objectively.
Ultimately, such a market may see a single strong player emerge, but according to the spirit of decentralization, I believe that having as many competitors as possible and growing through mutual competition is healthy for the ecosystem and users.
Walrus Protocol Technical Structure
- Modular Design: An overlay structure utilizing the Sui blockchain as a payment layer
- RedStuff: 66% node failure tolerance with a replication rate of 4-5 times
- Delegated Proof of Stake (DPoS): Operating storage nodes through $WAL token staking
- More than 100 independent storage operators are active on the mainnet
Irys Technical Structure
- Monolithic L1: Integrating storage and execution into a single chain
- Hybrid Consensus: Combining useful Proof of Work (uPoW) + staking
- IrysVM: Directly reading/writing data objects on-chain
- Miner operating model per 16TB partition
The pros and cons are structured as above, but since Irys does not yet have a mainnet, it seems we will need to take another look after the mainnet launch.
From a technical perspective, Walrus has very efficient storage management (RedStuff), which excels in cost reduction, and it integrates with the SUI ecosystem, allowing for the integration of Move's smart contracts.
In the case of Irys, it processes files as first-class objects based on programmable data, embedding metadata and policy layers. It also has the advantage of being an independent L1 with no fee market and throughput limitations.
On the other hand, Walrus is already growing while storing over 1.1PB, and its token is already out, while Irys is still in a position where it needs to prove its growth ahead of its mainnet.
Walrus also has a deep connection with the Sui ecosystem, which may allow it to benefit from a halo effect alongside the growth of its mainnet, while Irys, being its own mainnet, has the autonomy to tap in freely. However, it differs in that it does not automatically create a large consumer pool like Walrus.
Personally, I hope that both systems, being relatively new and active, will bring superior performance, functionality, and a new breeze to the decentralized cloud market compared to previous competitors. (Ah, my old mining rigs that have become obsolete.... lol)
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