Since its introduction in 2016, the interplanetary file system has seen significant advancements and adoption by individuals and businesses. This system enables users to freely share files and information. In this blog, we will discuss what an interplanetary file system is and analyze the importance of interplanetary file systems in the blockchain.
1. What is an interplanetary file system?
The Interplanetary File System is essentially a file system that allows you to store files and track versions over time, similar to Git while keeping track of them on a distributed network, similar to BitTorrent.
This storage system enables direct interaction via a secure and global peer-to-peer network. Interplanetary File System allows a permanent new web and augments how we use existing internet protocols, such as HTTP, by combining these two properties.
Interplanetary File Systems work well with extensive files that require a lot of spare capacity to upload and/or download over the Internet. Interplanetary File Systems’ rapid adoption was partially facilitated by its ability to operate across multiple protocols, including FTP and HTTP. IPFS employs a DHT or distributed hash table, to store data.
2. Interplanetary file systems and blockchains
Because blockchain is an immutability decentralized data management platform, it is an excellent choice for supporting metadata for file traceability on a distributed file system, like an interplanetary file system. We can say that the interplanetary file system is the best friend of blockchain because of its striking similarities.
An interplanetary file system ensures that the data in this network is unique (identified by an identifier) and protected from modification, making this data immutable. If this data is changed, a new “hash” identifier is generated that does not match the one stored in the blockchain for the recorded data.
Blockchains are classified into two types: permission and permissionless. A permissionless blockchain (such as Ethereum or Bitcoin) is accessible to the public, and all or most participants must validate each transaction. While only authenticated users can participate in a blockchain (for example, Hyperledger Fabric), validation is done by pre-selected nodes in this type of blockchain. As a result, it outperforms public blockchains in most cases.
Interplanetary file systems and blockchains can coexist because their structures are similar. Interplanetary file systems would link these different blockchains the same way the internet links all websites. Just as a link can connect one page to another, an Ethereum link can connect it to another network, for example.
The future of interplanetary file systems and blockchain are inextricably linked. Everything points to both technologies merging the engine of decentralized finance and applications.
The advantages of interplanetary file systems are revolutionizing the current technology sector, prompting large corporations to incorporate it into their processes. That’s all about the importance of interplanetary file systems in the blockchain we want to share with you. If you need any help with service blockchain development solutions, do not hesitate to contact SmartOSC. Our blockchain experts with many years of experience will always be with you along the way.
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