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IPFs helps to expand eth, filecoin and defi to create a future, and briefly analyze the strong combination of IPFs and eth

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Eth and IPFs have always been cooperating deeply.

Previously, the founder of Ethereum, V God, tweeted that ethereum.org has fully access to the IPFs network and can be accessed through ethereum.eth ENS; ENS is a domain name system based on Ethereum.

IPFS X ETH

In recent years, not only has the cooperation between IPFs and Ethereum, but also the founder of Ethereum vitalik buterin (V God) and IPAs founder Juan Bennet have a “joint battle” friendship:

friendship

In 2019, the development team behind IPFs, protocol labs, announced research cooperation with Ethereum foundation, designed and developed at least one safe, efficient and available verifiable delay function (VDF) structure. VDF is a set of encrypted primitives. The design and development of the safe and available VDF structure will be a major breakthrough in Applied cryptography and distributed systems, It can even go beyond blockchain.

Vitalik buterin (V God), founder of Ethereum, and Juan Bennet, founder of IPFs, jointly served as a consultant for a project. Akasha, the social software, was the first social network platform to combine Ethereum and IPFs technology. Ethereum provides identity system, micro payment and other support, IPFs (interstellar file system) provides content storage and distribution support, which build a decentralized social network.

decentralized social network

Filecoin uses eth’s eip-1559 as reference Model, Juan Bennet, founder of IPFs, said in a speech in filecoin in eip-1559 that it will continue to welcome the continued discussion of eth community developers.

The protocol lab team will participate in the ethdenver community activities almost every year, and call ethdenver one of the favorite community activities.

Extend Ethereum with IPFs

Expansion is an inevitable part of any successful open source project, which presents many complex challenges, and currently, protocol lab is working with ethglobal.

Ethereum expansion is a 4-week hacker marathon and virtual summit, which aims to enhance the foundation of Ethereum and eth2 by inviting global communities to cooperate around a better Ethereum vision, including seminars, technical lectures, awards and complex problem solutions.

In this project, both IPFs and filecoin projects will demonstrate their support for Ethereum community, which will provide $7500 for allocation to high-quality project founders:

NFT metadata update program, $1875, Mo casting. Best way to manage license and timestamp updates for signatures of NFT metadata stored on IPFs through any L2 chain.

Filecoin turbo retrieval, $1875: the best way to find, manage, warm up, pre check, or otherwise accelerate the payment channel process for easy bulk retrieval from filecoin

CID, $1875: you now publish all content to IPFs by default, providing the best tools, services, websites, or libraries to handle a large collection of IPFs CID.

Filecoin super dispatcher, $1875: against optimistic window pest proves to be an interesting and profitable hobby, which will also impress your friends… The best award for the controversial historical visualization tool, the banner at the top of the page or other panorama of this hot new community.

Filecoin and defi to create the future

The rapid development of decentralized Finance (defi) is precisely because of the ability of decentralized networks to reshape the investment world. Based on the scale of digital assets in blockchain and chain, the decentralized platform has begun to open up new possibilities.

However, the defi platform is not easy to use, and investors need to operate on multiple platforms of different specifications to obtain, move, deposit, coin, destroy and redeem assets. There are also problems such as possible theft or misplacement of assets, which makes the defi have a relatively large limitation in some cases.

Filecoin is trying to make the investment in defi easier by expanding the data processing capabilities of the application. Robust investment needs to be based on data, and filecoin allows analysis of large amounts of data on the original decentralized platform of blockchain.

In addition, the distributed data storage of filecoin can partially relieve the stress on the Ethereum chain. On Ethereum, storing a large amount of data on the chain will lead to the increase of delay, making the transaction slower and more difficult, such as payment schedule and binding curve and other information It can be stored in a distributed way by filecoin. This will allow layer 1’s chain to better handle transactions.

Agreement lab and conssys

Not long ago, filecoin announced through an official blog that “protocol labs has reached cooperation with conssys, one of the most trusted software engineering leaders in Ethereum”, and said that the protocol lab is the organization leading the development of IPFs and filecoin, The cooperation between the two parties will integrate the distributed data storage and retrieval market of filecoin into the Ethereum product stack of consys.

For many years, consys has been leading the distributed storage network integrating IPFs to disperse the financial and Ethereum ecosystems. In 2016, consys’ infra became the first product to provide the IPFs API, enabling anyone who builds applications on Ethereum to store data using the distributed protocol of IPFs.

This time, the cooperation between protocol labs and conssys is a deep cooperation between the two sides standing in a higher field, which helps to promote the rapid growth and efficient development of IPFs, filecoin and consensys.

Whether it is protocol labs, IPFs or filecoin cooperation with eth, this not only highlights the value between the two sides, but also helps to realize the “inclusive” of blockchain technology and distributed storage, and promote the pace of innovation in the times.

标签:ethipfs

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