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It's a wonderful concept to decentralize the internet. However, I am a little skeptical of this concept. Won't IPFS be subject to the same problem as the global
by jadedhacker 9y ago
It's a wonderful concept to decentralize the internet. However, I am a little skeptical of this concept. Won't IPFS be subject to the same problem as the global blockchain for BitCoin? That is, it can't process the kind of transaction throughput the global economy requires. Wouldn't that technical limitation be present for IPFS?
- diggan 9y agoNo, IPFS is not subject to the same problem as IPFS doesn't use or is a blockchain. There is no transactions. There is data, and data is referred via their content hash. People can request that data via the content hash and then it's downloaded. There is no mining or similar things in IPFS itself.
- jadedhacker 9y agoWhat is the role of FileCoin then?
- marknadal 9y agoIPFS is important because all devices need: - Computation - Storage - Bandwidth Ethereum tackles computation and Filecoin storage. Our system IPFS and Ethereum are well recognized because they actually exist and work. Our system, which also exists, and is ranked #2 "Blockchain" by developers on GitHub ( https://github.com/topics/blockchain https://github.com/topics/blockchain ), will be tackling the bandwidth incentive problem. Juan and I met a while back (we all have been doing P2P stuff since before 2014) and I'm trying to convince him + us + ethereum team to partner together, so app developers have a single solution to build any dApp on top of, using real tech (not vaporware!) that already exists. Financial transactions academically must solve the double-spending problem, which Bitcoin addresses, and you are right, requires a form of Strong Consistency (via the CAP Theorem) that bottlenecks global throughput. However, storage (IPFS) and data sync/bandwidth (us) don't have those requirements, so they can be much more scalable.