Bitcoin Soars, Filecoin Grows, & What is IPFS?

Bitcoin Soars, Filecoin Grows, & What is IPFS?

Bitcoin Breaks $50K,

It Appears Primed To Make Milestone Look Irrelevant
Everybody watched Bitcoin make an assault on $50K assuming a successful outcome. At last check, Tuesday, 8 a.m. (EST), per CoinGecko, BTC was $50,250 and climbing. New key-level markers ($52K-$54K) are being bandied about.

And then there is PlanB’s S2F supply-centric model sticking by its forecast that $100K could happen as soon as April.

Before BTC can convert “halfway-to-six-figures” into a phrase no one will ever remember, there was the business of unquestionably breaching the coveted threshold. Early on Mardi Gras Tuesday (EST), BTC did it, briefly reaching $50K, before easing back, Decrypt said.

Filecoin Now Has a Global Capacity of 2.5 Billion Gigabytes


The Filecoin network continues to grow—now its storage capacity equals thousands of copies of Wikipedia and tens of copies of the Internet Archive.

Interplanetary File System (IPFS).

The InterPlanetary File System 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.

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IPFS provides high throughput, low latency, data distribution. It is also decentralized and secure. This opens up several interesting and exciting use cases. It can be used to deliver content to websites, globally store files with automatic versioning & backups, facilitate secure filesharing and encrypted communication. SOURCE : https://hackernoon.com/a-beginners-guide-to-ipfs-20673fedd3f

Below are a few interesting projects being built on IPFS:

Akasha, a Next-Generation social network

Balance3, a triple-entry accounting platform

BlockFreight, an open network for global freight

Digix, a platform for tokenizing physical gold

Infura, an infrastructure provider for DApps

Livepeer, a decentralized live-video streaming platform

Origin, a peer-to-peer marketplace for the sharing economy

uPort, a self-sovereign identity system

The variety of these applications demonstrate the versatility of IPFS for several different use cases. It is also being used as a complementary file system for public blockchains and other p2p applications.

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