Inery

At its core, Inery features a decentralised data system, built on a unique layer-1 blockchain. This system enables Web3 and blockchain-based projects to achieve true decentralisation, removing the reliance on centralised databases. It focuses on high security, low latency, high throughput, and complete control over data assets by owners. This method of data management is advantageous, offering protection against the single point of failure that centralised systems often face, ensuring data is managed across multiple servers within the network.

The Inery blockchain is a public chain, developed for decentralised data management and operates on a Proof of Stake (PoS) consensus mechanism. This makes it resistant to Sybil attacks, less energy-consuming, and sustainable, while still ensuring high throughput. It's governed by a DAO to maintain decentralisation among stakeholders and is cross-chain interoperable, allowing seamless data exchange between different blockchain networks.

The Inery Decentralised Data System has a wide range of applications in various industries such as government, finance, healthcare, education, and more. It lays the groundwork for Web3 by connecting applications, systems, and blockchains, enabling the creation and launch of metaverse dApps on its platform.

The native utility token of Inery is the £INR, which plays several crucial roles within the ecosystem. It's used for securing the blockchain through staking, transaction validation, and block creation. The token also facilitates access to IneryDB, the decentralised data system, and is essential for engaging with Inery’s products and services.

Inery, founded by Naveen Singh and Ivan Vujic, has its headquarters in Singapore and also operates offices in Dubai, Switzerland, and Serbia.

The official Inery ticker is “INR” and trades under that name on all the exchanges where it has been listed. The designation “INERY” is for CryptoCompare.com only.