IPFS and Filecoin Power Web3.0

Web 3.0: The Internet of the Future. Web3.0 introduces the decentralized Internet, breaks the limitations of data, and solves the problem of data storage and circulation.

Essentially, Web 3.0 technologies provide the basis for P2P communications, payments, services, and marketplaces. Blockchain technology has the characteristics of trustlessness, non-tampering and traceability, which can well meet the technical requirements of web3.0 in data storage, management and application. So, why are IPFS and Filecoin an important part of the Web 3.0 infrastructure?

1. web3.0 requires decentralized storage

At present, data storage in the Internet is centralized, and the main suppliers include Amazon, Google, etc. At the same time, user data generated content is now owned by major platforms. Even if the ownership of personal data can be returned to the user in the future, if it is still stored in a centralized manner, the user cannot ensure that his data will not be used by the application platform or even Utilized or modified by the storage provider.

In addition, with the rapid development of cutting-edge technologies such as 5G, the Internet of Things, and artificial intelligence, the dimension of personal data in the future network will further increase, and the value of data will also increase rapidly. Only by using decentralized storage can the security and privacy of data be further guaranteed.

If there is no decentralized storage technology as the underlying technical support of web3.0, even if decentralized information transmission is realized, the decentralization of data cannot be truly guaranteed. Therefore, decentralized storage will be an essential part of the future web3.0 ecosystem.

2. How does Filecoin support web3.0

At present, in the decentralized storage track, the most representative projects are IPFS and Filecoin. IPFS is an underlying network transmission protocol, which is equivalent to the HTTP protocol in the current Internet world. Compared with the HTTP protocol, the IPFS protocol is more efficient. HTTP is a single-threaded communication, and only one task can be performed on a server at a time, while IPFS uses p2p for multi-threaded downloads, which can save more than 50% of bandwidth costs.

At the same time, the P2P, content addressable, encryption and other technologies adopted by IPFS can well protect the data privacy and security in network communication and prevent user data leakage and theft.

Filecoin is an incentive layer based on the IPFS protocol. Its storage and retrieval functions not only protect data privacy, return data ownership to individuals, but also protect the value of data, allowing owners to profit from data.

Finally, from a personal point of view, the future of Filecoin is worth looking forward to. By then, in the era of Web 3.0, data explosion and 5G popularity, when IPFS+ Filecoin completes massive data storage and realizes real-time data interaction, it will be able to create more possibilities.