IPFS stands for InterPlanetary File System. It's a way to store and share files on a distributed network, meaning it's not controlled by one single person or organization. It allows for faster and more secure file-sharing.With IFPS, files are stored on a distributed network, enabling the creation of a digital asset ownership. Assets are accessible with a CID generated from content, facilitating access and authenticity verifications, key to NFTs.
Why is IPFS Powerful for storage?
IPFS allows permanent and tamper-proof storage of digital assets. In traditional storage, content is stored on centralized servers, meaning that if the server goes down, assets can be lost. With IFPS, files are stored on a distributed network, enabling the creation of permanent digital asset ownership. Assets are accessible on a URL generated from content, facilitating access and authenticity verifications, which is key to NFTs.
What can you build with IPFS?
You can build decentralized file sharing like WeTransfer, decentralized IPFS websites & applications or NFT (Non-Fungible Token) content storage