AMA Recap: CRYPTO MINERS X INERY BLOCKCHAIN
Inery is the first-ever decentralized database management and blockchain solution. Our vision is to enable a decentralized, secure, and environmentally sustainable foundation of database management to activate an upgradable way of accessing data. Inery’s ecosystem comprises two core products - IneryDB and Inery blockchain. IneryDB leverages blockchain functionalities to allow a decentralized, secure, low-cost, and immutable way for database management. The database management solution enables users and enterprises to remain in control of their data assets facilitating owner-controlled assets. One of the core characteristics of its reliable architecture is the synchronization of distributed databases in real-time. Inery enables a decentralized, secure, and trusted foundation for database management. Leveraging blockchain technology. Inery introduces a decentralized and distributed infrastructure for database management. The platform integrates key functionalities of blockchain that facilitate immutability, security, and user-controlled data assets with the distributed database infrastructure to enable high throughput, low latency, and complex query functions.
We hosted an AMA session with Inery Blockchain on 5th March.
Mr. Ramsy was the host from Crypto Miners and Mr. Vincent was the guest. He shared delightful knowledge and unique features of Inery Blockchain.
Segment 1️⃣: Introduction
Hello everyone 👋 and welcome to the Crypto Miners AMA session With Inery Blockchain
To help us learn more about the featured project of this AMA session, we are lucky to be joined By Mr Vincent
Hello everyone it’s a pleasure to be here 😄
Hello there 👋
Thanks for bringing Us Inery Blockchain ❤️
Thank you for having me here 👍🏼
How are you going today mate?
Im doing Great and you? 😄
I'm Good 🤝
I'm pretty sure that our Community is very much excited to learn more about Inery Blockchain ✌️
So let's get started if you're ready!!
Im as Ready as someone can be 🙌🏼
So let's go 🥂
First of all Please give us a brief explanation about 'Inery Blockchain' .What popped up in your mind to create such a platform in this Space?
Our initial inspiration for Inery stemmed from creating a more democratized place for data access and control of our assets as well as empowering users and organizations to manage their database on a secure network. So what we did was combine the conventional database management properties with blockchain functionalities. This enabled us to create a more secure, immutable, decentralized and owner-controlled architecture for database management.
Inery is a layer-1 blockchain that addresses solutions for database management. Inery is designed to tackle the current challenges faced by other blockchain networks such as energy inefficiency, poor interoperability between different networks, limited performance and immature governance mechanisms. Our solution is designed to enable cross-chain interoperability to allow data transactions without compromising its security.
Further, we have also designed its architecture to be eco-friendly and environmentally sustainable to achieve high throughput and performance with tps up to 4800. The governance mechanism of a decentralized DAO allows cleaner and quicker resolutions and upgrades to the overall ecosystem.
Thanks Vincent for this awesome start about Inery 👌
Now let's see our second question from this segment...
Q2) So what are your main features and advantages that discern you from other Projects?
We are different from other blockchains in 3 ways:
The first one is that our solution is designed to enable cross-chain interoperability to allow data transactions without compromising its security.
Secondly, we have also designed its architecture to be eco-friendly and environmentally sustainable to achieve high throughput and performance with a tps up to 4800
Further, the governance mechanism of a Inery is designed to be a decentralized DAO that allows cleaner and quicker resolutions and upgrades to the overall ecosystem.
Q3) How has the experience and background of your team been effective in the success of your project so far?
Well, we have an excellent team. We have our CEO Naveen Singh Suhag, a Switzerland-based entrepreneur with over 15 years of entrepreneurship experience. But before starting his illustrious IT career, Mr. Singh was an Olympic-style wrestler, representing both India and Switzerland at the national level. In the past 15 years, he worked with both startups and large-scale companies and as a blockchain-enthusiast closely observing developments in this field.
We also have our CTO Ivan Vujic who has over 10 years of experience in the IT and blockchain fields. Apart from leading a team to develop several IT projects, he has also served as a business advisor for multiple companies. Our team is quite diverse. We have members who are well-versed in the crypto and blockchain industry which is definitely a huge advantage for us.
Great experienced team 👌
It'll be helpful for Inery in future 👍
4) Now Share us about your Native tokens, What are the some of utlities of $INR in Your Ecosystem? And if possible share to us the Tokenomics
There will be in total 800 million $INR tokens. Our token’s economic value derives from several purposes including access to the overall ecosystem, participating in the governance system, access staking rewards, engaging with the products, and more.
You can find $INR token distribution and vesting schedules from our whitepaper:
Let's move to our last question from this segment
Q5) So how long did it take to develop this project? What plans do you have for the future? And what can we expect from Inery Blockchain? If possible could you please share road map with us.
We started with Inery way back in the first quarter of 2020. We have achieved quite a lot of milestones in these two years. On the development front, we have successfully completed several phases including testing core of Inery blockchain API function, value contracts, adding nodes to the ecosystem, testing blockchain deployment on several servers and a lot more.
We have also released two versions of our technical paper, created documentation, branding, and have started community building. Some of our upcoming milestones include mainnet launch, upgrading contracts with all major query types, and our public launch.
You can check out our detailed roadmap on our website: https://inery.io
Thanks Vincent for this well detailed introduction about Inery Blockchain:)
And that's the wrap up of our the first part of the AMA session ✅
Let’s now proceed to our Twitter Questions section
i hope you’re ready for that!!
Yes Lets Go 😄👍
Segment 2️⃣: Twitter Questions
1)I read that the information or data that was once stored in the Inery blockchain cannot be changed or deleted, but really this feature can only be seen in this blockchain? Or in other blockchains, the data cannot be altered or modified ?
No as you’re completely right, data can’t be altered or changed on our Blockchain
We are just combining that feature with our Database Management 👍🏼
2) What kind of partnerships with different projects/platforms/protocols can we expect from INERY in the future? Could you give us some examples of how other projects can leverage INERY?
We are gonna announce all our partnerships as soon as we are allowed to since some of them are still yet to be published 🙌🏼 Pretty much everyone will need our solution since everything revolves around Data management or as in our way database management since that is what we are offering 👍🏼
Check out our Social Media to not miss out on anything:
3)As we all know, IneryBlockchain is a decentralised database management initiative that aims to make networks more transparent. So, will its transparency bring your dream to life only on one blockchain, or will you bring your idea to other chains such as BSC or Solana?
We will definitely not only focus on one Blockchain since our solution is to bring everything together, exactly what no one has ever done in the sphere before 🙌🏼
4)How can I do my research about your project? Do you have any whitepaper released and can you provide me all the social media links and blogs?
You can check our website and on there you will find everything regarding our project from the whitepaper to everything else
5)Security and anonymity are always prioritized by BlockChain projects in the development of project platforms and technologies. So, does you have any technological solutions or plans to enhance user trust in these issues ehm?
Here is our last question from twitter
Since we are focused on making data itself more secure it is our number one priority to fulfill that, we are currently working on the audit and doing many other things as bringing people on board with lot of experience in the space itself 🙌🏼 So our number one priority is to be the most secure and a fully decentralised space there has ever been out there 👍🏼
Check out our social media to not miss out on anything since we are gonna announce some stuff soon 👍🏼
Thanks for Your Valuable Answers❣
And that's the end of our twitter question segment
Now Moving on to our last segment - Live Q&A
Shall We Go mate ?
Lets go brother 😄
Here we go,
Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)
1)👽 Mars Crypto Community 🌔:
STAKING is an area that we care about so that we can provide a sustainable income. Therefore, will we be able to take advantage of the staking feature for your token?
Staking will definitely be possible with our project, just keep updated on our social media so you won’t miss out on that
2) Muhammad Adnan:
How will you promote your houseproject in non english speaking countries ? do you have any amabassador programmes available for marketing?
We already have been in contact with a lot of non English speaking people especially in Europe and are working on that we will make sure to include everything in our social medias so no one will miss out on anything 🙌🏼
Today, "DATA" is the new oil. So how can Inery provide a decentralized infrastructure for database management? Today people are missing out on managing their DATA, how does the Inery project fully fill this gap?
We are fulfilling this gap by using our two core products, our own developed Blockchain called Inery Blockchain and then our IneryDB which will be our core things that we will focus on. If you want to learn more about it, check out our website where you will find our whitepaper aswell 👍🏼
4) 🌹𝕪𝕦𝕦𝕙 𝕘𝕥𝕖𝕗𝕨🌹:
Can you explain how is your Tokenomics Distribution? How many tokens will be minted? How many tokens can be locked by the team? Please, tell us?thanks
You can see our complete Tokenomics in the whitepaper on our website, everything is explained on there 😄
Auditing plays an important intermediary role in the development of projects. What audit methods has #Inery applied in project development? Can you tell us more about it?
We are currently auditing our project so make sure to follow our social media so you won’t miss out on the news as soon as we post something about it 🙌🏼
*This segment ends here*
Thankyou so much Vincent For your valuable answers and information about Inery Blockchain,
It Was Pleasure Hosting An Ama With You
Is there anything else you would like to share or you want us to know ?
It was a pleasure for me aswell, I would say the only thing that I want to share with all of you is that you should make sure to follow our social medias because very big things are coming 🙌🏼
Time To Conclude Our AMA Session
We Wish all the very best for Project
Inery Blockchain And The Entire team behind the project ❤️🤝
Community, if you would like to learn more about Inery Blockchain, here are some useful links for you:
Medium: Inery Blockchain