The Essential Guide to Web3 by Vijay Krishnan

Author:Vijay Krishnan
Language: eng
Format: epub
Publisher: Packt Publishing Pvt. Ltd.
Published: 2023-11-28T00:00:00+00:00

Introducing IPFS

IPFS is a protocol and network that’s developed to facilitate a decentralized way of storing and sharing multimedia content in a distributed filesystem. Initially conceptualized by Juan Benet, it has now evolved into an open source project with contributions from the wider community. IPFS aims to solve some of the limitations of the traditional client-server model of the internet, where web content is hosted on centralized servers. Instead, IPFS allows for a distributed web, where files can be stored and served by any node in the network, making it more resilient to censorship and downtime.

IPFS achieves this by using a content-addressed system, where files are given unique hashes based on their content, rather than their location. When a file is requested, the IPFS network uses the hash to locate and retrieve the file from the nearest node with a copy of it. This means that files are cached locally on nodes, reducing the amount of bandwidth required to serve them and increasing the speed of access.

IPFS has potential applications in various areas, including decentralized file sharing, content delivery networks, and distributed data storage.

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