What is Inter Planetary File System (IPFS) ?

Created by Juan Benet, The Inter Planetary File System (IPFS) is a protocol and peer-to-peer network for storing and sharing data in a distributed file system. IPFS uses content-addressing to uniquely identify each file in a global namespace connecting all computing devices.

IPFS allows users to not only receive but also to host content, in a similar manner to BitTorrent. As opposed to a centrally located server, IPFS is built around a decentralized system of user-operators who hold a portion of the overall data, creating a resilient system of file storage and sharing. Brave (browser solution) and Filecoin (co-operative storage solution) have used IPFS protocols for designing their services and offerings.

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