InterPlanetary File System (IPFS)
By CoinGecko | Updated on Oct 15, 2021
The InterPlanetary File System (IPFS) is a peer-to-peer network and distributed file system protocol for storing and transferring data. In a global namespace linking all computing devices, IPFS employs content-addressing to uniquely identify each file. Rather than relying on a single server like BitTorrent, IPFS is based on a decentralized system of user-operators who each hold a fraction of the overall data, resulting in a robust file storage and sharing system. Using a distributed hash table (DHT), any user in the network can serve a file by its content address, and other peers in the network can find and request that content from any node that has it.
Related Terms
cc0 NFT
A cc0 NFT is a piece of digital content where the IP rights have been relinquished.
Internet of Things (IoT)
It is a system that lets any devices that are connected to internet to comunicate with each other without human-to-human or human-to-devices interactions.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Decentralized Applications (dApps)
Applications that run on decentralized peer-to-peer networks such as Ethereum.
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