#Irys has welcomed a major update, recently the official announced the optimization of its Hybrid Consensus mechanism (PoW+PoS)
This means that storage costs are reduced by at least about 70% compared to traditional blockchains, verification time is shortened to an average of 2 seconds, and security is improved by 15%.
The introduction of IrysVM has increased data computation efficiency by 30%, accelerating the expansion of data programmability.
As the first programmable data chain, continuously building collaborative operations for AI, currently
also reached strategic cooperation with severa