InterPlanetary File System - File System for a Decentralized Internet?
Internet in its current form has been around for decades now. While the bandwidth has definitely increased and with rapid improvements in technology, data costs have gone down drastically. However, deep down the framework on the internet remains mostly unchanged. The increased dependence and familiarity of internet among individuals, organizations and governments has made it an irreplaceable piece of technology of the modern day which one can't imagine surviving without. Even though the internet is getting better each passing day, the average overall internet experience across the world....
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OpenBazaar is integrating the InterPlanetary File System (IPFS) into their decentralized online marketplace. While no official announcement about this move has been made, OpenBazaar developer Chris Pacia, who is currently working on the IPFS integration, has shared some of the details related to this change with Bitcoin Magazine. According to Pacia, the main advantage of integrating IPFS into OpenBazaar will be the increased availability of storefronts. Currently, a store operator must maintain his or her own server at all times or pay someone else to do it. What Is IPFS? IPFS is a....
Bluezelle's mainnet R2 file storage system aims to provide a decentralized alternative to IPFS. Bluzelle, a decentralized storage network, has announced the release of its mainnet R2 file storage system designed to enhance the decentralization of nonfungible tokens (NFT) and their corresponding data.The solution was created amid the rise in concerns around the lack of immutability on the InterPlanetary File System (IPFS) protocol, a relatively undiscussed model of storage that currently serves as the gold standard for the majority of NFT assets including Cryptopunks and Beeple.Twitter user....
NFT "rug pulls" can be a serious risk when the file is stored on a centralized platform. Aleph.im, a decentralized file-sharing platform, has launched a dApp that lets users automatically back up the data underlying their nonfungible tokens, or NFTs, on a censorship-resistant and decentralized network.The concept of NFTs has generated considerable buzz in the last weeks due to their application for buying and selling digital art. The immutable token stands in as the unique and non-counterfeitable representation of a specific piece of art, even if the specific art piece is fully digital and....
Jonathan Victor noted that storing data off-chain doesn't mean it's centralized. It's still decentralized when it's done thoughtfully. Nonfungible tokens (NFTs) are advertised as blockchain-based technologies, there are misconceptions about how they are stored according to two experts. They argued that technically, these tokens do not exist in the blockchain but are actually stored elsewhere. In a Cointelegraph interview, Jonathan Victor, the Web3 storage lead at Protocol Labs and Alex Salnikov, the co-founder of Rarible, discussed decentralized storage, the future of the NFT space and....
One of the biggest, still-dormant use cases for blockchain technology is in the field of media – the overarching term capturing a slew of creative professions whose traditional business models have been upended by lightning-fast digital file replication. Across various fields, the problems are clear: writers, photographers and musicians lack the ability to prove and protect ownership of their works and ideas, a prospect that renders monetization in a digital environment difficult. In the face of this challenge, blockchain tech, with its ability to provide provenance, identity and....