#Filecoin Foundation for the Distributed Web

[kalpnetwork]

Cracking the Code: The Essentials of Blockchain Programming

Blockchain programming, as a dynamic field, has opened diverse opportunities for developers. Learning the basics of code lays the foundation for implementing crucial elements such as hashing, Merkel trees, and smart contracts.

To navigate and thrive in this ever-evolving landscape, we bring you blockchain programming in a new light with an exciting set of essentials. We outline key focus areas, offering a roadmap for cracking the code and overcoming challenges to craft your blockchain masterpiece.

Understanding the Conceptual Core

The conceptual core in blockchain refers to the fundamental principles and foundational elements that define the technology’s essence. It is crucial for grasping the inherent design and philosophy driving the functionality of blockchain systems.

Distributed Ledger Technology (DLT): Grasping the concept of a single, shared, and immutable record of data accessible by all network participants is crucial.

2. Consensus Mechanisms: Understand how agreements are reached on the validity of transactions without a central authority, like Proof of Work and Proof of Stake.

3. Cryptography: Encryption, hashing, and digital signatures form the bedrock of blockchain security. Familiarize yourself with these techniques.

4. Smart Contracts: These are self-executing codes stored on the blockchain, governing and facilitating transactions efficiently and autonomously.

Apart from conceptual knowledge, it is equally imperative to know about the technicalities of blockchain too. We will delve into this in our next section.

Understanding the Technical Skills

In the current rapidly evolving technological landscape, honing technical skills is a must. These skills empower blockchain developers to solve complex problems, innovate, and contribute effectively to various projects.

Programming Languages: While specific languages vary depending on the platform (e.g., Solidity for Ethereum, Go for Hyperledger Fabric), object-oriented solid programming skills are fundamental.

Networking and Databases: Understanding distributed protocols and database management systems relevant to blockchain networks is essential.

Development Tools and Frameworks: Students should familiarize themselves with blockchain-specific tools and frameworks like Truffle, Remix, and Geth for Ethereum development.

But before you unleash your inner Satoshi Nakamoto, consider this: mastery begins with the fundamentals.

Solidity, the Ethereum Virtual Machine’s (EVM) native language, is your gateway to this innovative landscape. Understanding its intricacies — hashing, Merkel trees, and the magic of smart contracts — is the bedrock upon which you can build decentralized marvels. Hashing secures your data, acting as a cryptographic fingerprint; Merkel trees ensure tamper-proof record-keeping; and smart contracts, the self-executing agreements that power blockchain, are the symphony conductors of this digital orchestra.

Here are a few trending melodies you should tune your developer ears to:

Layer 2 scaling solutions: Ethereum’s gas fees can feel like high opera tickets. But don’t despair! Layer 2 solutions like Optimism and Polygon are harmonizing scalability with security, opening doors for mass adoption.

Decentralized Finance (DeFi): Be your own bank! DeFi protocols are revolutionizing traditional finance, offering everything from lending and borrowing to tokenized assets and yield farming.

Non-Fungible Tokens (NFTs): From digital art to exclusive access, NFTs are transforming the way we own and interact with digital assets. It is essential to be familiar with NFT platforms to understand the potential of tokenized ownership.

Web3: The future of the internet is decentralized, and blockchain is its backbone. Learn about protocols like IPFS and Filecoin that are building the infrastructure for a new, user-owned web.

Now, imagine wielding all this knowledge in a sandbox designed for innovation and security.

Welcome to Kalp, a regulated Layer 1 blockchain built with developers like you in mind. Kalp isn’t just cost-effective — its focus on compliance and security offers a safe haven for your groundbreaking projects. Kalp also provides a hybrid architecture and multi-cloud support that accommodates the diverse needs of projects. Think of it as the perfect playground for your blockchain symphony, where you can experiment, iterate, and build the future without regulatory fear.

Innovate Projects on Kalp: A Cost-Effective Layer 1 Blockchain

Having equipped yourself with the essentials and explored the trending facets of blockchain, take your knowledge to the next level through innovative projects.

Kalp, a regulated Layer 1 blockchain, provides a conducive environment for developers to bring their ideas to life. With a focus on cost-effectiveness, Kalp empowers you to experiment, iterate, and deploy your creations seamlessly.

Whether you’re envisioning the next DeFi breakthrough or pioneering NFT applications, Kalp stands as a supportive platform for your visionary projects, ensuring that your coding journey is not only educational but also impactful and economically viable. Dive into the future of blockchain development with Kalp, where your creativity meets efficiency.

Need guidance on how to use Kalp? Reach out to us!

[documentcloud]

There were more than 4000 families living in FEMA provided housing (typically trailers) in November 2022. FEMA updates this number weekly in their Daily Operations Briefings but the Briefings are only available as PDFs of slide decks shared to email list. The Data Liberation Project is compiling those PDFs into a searchable repository and extracting the housing counts into a public, structured data set. We’ll look at how Singer-Vine is approaching the project and how you’ll be able to use the tools he is building to develop your own data sets from useful numbers trapped in PDFs 

Join us on January 31 for a conversation with The Data Liberation Project

We're starting our 2023 virtual conversations by chatting with Jeremy Singer-Vine, director of The Data Liberation Project and the voice behind Data is Plural, "a weekly newsletter of useful/curious datasets." Singer-Vine will be chatting with us about his journey, his vision for The Data Liberation Project and his experiences developing an RSS Document Fetcher Add-On for DocumentCloud as part of the Gateway Grant effort he is currently undertaking: creating a real-time archive and public dataset of FEMA housing reports.

RSVP to Join Us

MuckRock’s Gateway Grants support projects that preserve critical document collections

The Data Liberation Project was one of four initial recipients of MuckRock’s Gateway Grants Program. With support from the Filecoin Foundation for the Distributed Web, MuckRock provides grants to explore  ways to leverage technology to preserve access to significantly consequential document collections.

Each grantee has been awarded $10,000 and technical assistance for their projects. The tools they build are open source and available for use by all DocumentCloud users in the form of new capabilities via Add-Ons. DocumentCloud users benefit from the growing library of new functionalities. Any user can write and share a DocumentCloud extension with Add-Ons.

Learn more about our initial grantees.

[rust-legacy-hack-2022-4p]

@dtolnay’s Rust crates // download

💾 ►►► DOWNLOAD FILE 🔥🔥🔥 Work fast with our official CLI. Learn more. If nothing happens, download GitHub Desktop and try again. If nothing happens, download Xcode and try again. There was a problem preparing your codespace, please try again. If you want to contribute, please read this. See also Rust — Production organizations running Rust in production. See also crates matching keyword 'emulator'. See also Games Made With Piston. See also A comparison of operating systems written in Rust. Rust Embedded focuses on improving the end-to-end experience of using Rust in resource-constrained environments and non-traditional platforms. See awesome-embedded-rust for a curated, and more extended list of embedded Rust resources. See also Are we I DE yet? See [ Machine learning ]. See also Are we web yet? A registry allows you to publish your Rust libraries as crate packages, to share them with others publicly and privately. Skip to content. Star A curated list of Rust code and resources. License CC This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. Branches Tags. Could not load branches. Could not load tags. Launching Xcode If nothing happens, download Xcode and try again. Launching Visual Studio Code Your codespace will open once ready. Latest commit. Git stats 3, commits. Failed to load latest commit information. Remove npm cache. Jul 31, Merge branch 'master' into popularity. Aug 10, Allow toc comment markers. Last fixups for workflows. Aug 8, Add some configurations. Add ToC lint. Forbid trailing whitespaces. Rename primary branch to main. Jun 11, Bump hyper from 0. Jun 17, Upgrade scraper to fix future incompat issues. Feb 26, Add explicit license file to make Github pick up on things. Jan 29, Remove extra blank line. View code. Awesome Rust A curated list of Rust code and resources. MaidSafe — A decentralized platform. Featuring in-depth configuration, variable sample rate and a frequency analysis window. Glicol — Graph-oriented live coding language written in Rust for collaborative musicking in browsers. Polaris — A music streaming application. CITA — A high performance blockchain kernel for enterprise users. Forest - Rust Filecoin implementation Foundry - Foundry is a blazing fast, portable and modular toolkit for Ethereum application development written in Rust. Holochain — Scalable P2P alternative to blockchain for all those distributed apps you always wanted to build. Thus,it is runtime-agnostic, but users must implement basic networking logic, chain interactions, and disk storage. Solana — Incredibly fast, highly scalable blockchain using Proof-of-History. Emulators See also crates matching keyword 'emulator'. Ruffle targets both the desktop and the web using WebAssembly. Forever boys!. OpenTelemetry — OpenTelemetry provides a single set of APIs, libraries, agents, and collector services to capture distributed traces and metrics from your application. You can analyze them using Prometheus, Jaeger, and other observability tools. Scaphandre - A power consumption monitoring agent, to track host and each service power consumption and enable designing systems and applications for more sustainability. Designed to fit any monitoring toolchain already supports prometheus, warp10, riemann Operating systems See also A comparison of operating systems written in Rust. Great Scott! Remacs — A community-driven port of Emacs to Rust. Unmaintained, see cargo-deps cargo-info — queries crates. Implemented in Rust and supports rls out of the box. Fully native, no external test runners or dependencies. Mutation Testing cargo-mutants [ cargo-mutants ] - Finds inadequately tested code by injecting mutations, no source changes required. Libraries perf-monitor-rs — A toolkit designed to be a foundation for applications to monitor their performance. In maintenance mode. Abandoned project. It checks for a new version on Crates. It doesn't require Django, only hashes and validates passwords according to its style. Some of the most common methods you would use on Arrays made available on Vectors. Polymorphic implementations for handling most of your use cases. Helps to organize tournaments. Druid [ druid ] — Druid , a data-first Rust-native UI design toolkit. It also comes with easy mouse and keyboard input. Inspired by Elm. Make your CLIs nicer with minimal effort. Like crontab, but asynchronous tasks are possible. Gotham — A flexible web framework that does not sacrifice safety, security or speed. Saphir — A progressive web framework with low-level control, without the pain. Registries A registry allows you to publish your Rust libraries as crate packages, to share them with others publicly and privately. Has a generous free-tier and is also completely free for open-source. Rust: Hack Without Fear! Build a language VM CodeCrafters. Learning Rust With Entirely Too Many Linked Lists — in-depth exploration of Rust's memory management rules, through implementing a few different types of list structures. Little Book of Rust Books - Curated list of rust books and how-tos. Programming Community Curated Resources for Learning Rust — A list of recommended resources voted by the programming community. Refactoring to Rust - A book that introduces to Rust language. Rust by Example Rust Cookbook — A collection of simple examples that demonstrate good practices to accomplish common programming tasks, using the crates of the Rust ecosystem. Rust for professionals — A quick introduction to Rust for experienced software developers. Rust Gym - A big collection of coding interview problems solved in Rust. How do I start? A beginner only hand-picked resources and learning track. Rust Subreddit — A subreddit forum where rust related questions, articles and resources are posted and discussed RustBooks — list of RustBooks RustCamp Talks RustViz — generates visualizations from simple Rust programs to assist users in better understanding the Rust Lifetime and Borrowing mechanism. About A curated list of Rust code and resources. Topics rust awesome. You signed in with another tab or window. Reload to refresh your session. You signed out in another tab or window.

[thesecrettimes]

Harvard University and Filecoin Foundation for the Decentralized Web Plan to Preserve Digital Information

On July 27, the Filecoin Foundation for the Decentralized Web (FFDW) announced it will be supporting an initiative with Harvard University’s Library Innovation Lab (LIL) called the “Democratizing Open Knowledge” program. With FFDW’s support, LIL plans to explore decentralized technologies that can preserve digital information.

Democratizing Open Knowledge

While there’s a lot of information to consume in 2022, it’s hard to verify what is legitimate and there’s a significant amount of distrust toward mainstream media sources. In the U.S. for example, America’s trust and confidence levels in the media sunk to record lows in a recent Gallup poll published this month. Out of the American adults surveyed, only 16% said they had “quite a lot” of confidence in today’s news publications, and only 11% trusted news on television. Moreover, during the last few years, there’s also been a lot of disinformation and debates over technical definitions. For example, this past week, the term “recession” became a controversial subject over the definition when the White House published two blog posts that show the government’s description of the word’s meaning. Then on July 27, over the course of a 24-hour period, the definition of the word recession on Wikipedia was revised dozens of times. Wikipedia revisions continue to this very day, and the Wiki page notes that “media outlets have circulated an outdated version of this article.” By simply leveraging the data saved on archive.org, for practically any month of the year besides July, the archived data shows that the definition of the word recession has changed a great deal since then. On Wednesday, the Filecoin Foundation for the Decentralized Web (FFDW) revealed that it was working with Harvard University’s Library Innovation Lab (LIL) in order to preserve digital information via decentralized technologies. Harvard’s LIL and FFDW will contribute to the “Democratizing Open Knowledge” program, which aims to help libraries “share knowledge through technology.” Technologies include specific tools like the Filecoin network and the Interplanetary File System (IPFS). The announcement on Wednesday further details that FFDW will help LIL forward the idea of increasing access to information through decentralized technologies. “FFDW is on a mission to preserve humanity’s most important information,” FFDW’s president and chair Marta Belcher explained in a statement. “This collaboration will enable the Library Innovation Lab to explore how decentralized technologies can solve real-world challenges to preserve critical data, and we’re thrilled to support the Library’s Democratizing Open Knowledge program,” Belcher added.

FFDW Says Harvard’s LIL Already Has a Strong Background in ‘Protecting and Increasing Access’ to Information

IPFS is essentially a peer-to-peer (P2P) system for storing and accessing files, websites, applications, and data in a distributed file system. Filecoin is an open-source blockchain created by Protocol Labs and is built on top of the IPFS distributed network. Filecoin’s native crypto asset filecoin (FIL) has increased 47.3% against the U.S. dollar during the last 24 hours, and FIL is up 67.1% during the past 14 days. At the end of May, Protocol Labs detailed that it was working with the Maryland-based defense contractor and aerospace business, Lockheed Martin, to bring decentralized storage concepts to space. According to FFDW’s announcement last Wednesday, LIL and FFDW plan to fight linkrot, explore the creation of strong dark archives, and protect valuable research data. LIL has already built tools and websites like perma.cc, opencasebook.org, and the LIL Caselaw Access Project. Through collaborative efforts, LIL and FFDW want to address how technology can help establish “trustworthy sources” and the “long-term preservation of digital information.” What do you think about the initiative FFDW and LIL are working on to preserve digital information? Do you think technology can help decentralize access to today’s information and make it more reliable? Let us know what you think about this subject in the comments section below. Read the full article

[cloud-rush-en]

Cloud Rush — Filecoin supports the development of Web3 applications

Filecoin aims to create a decentralized distributed network that stores the most important information of human society.

Fortunately, in the development process of Filecoin, there are currently more than 400 applications developed based on IPFS technology. There are also numerous projects that have reached cooperation with Filecoin. One of the most important things for Filecoin is to create as many high-quality use cases as possible to lay a solid foundation for building a healthy ecosystem.

The reason of Filecoin supports the development of web applications is because it has four important features, namely content-addressable storage, verifiable storage, rapid growth in decentralized storage capacity, and flexible storage options. These four features provide flexible, low-cost, efficient and secure storage solutions for the Web network, and will also help Filecoin continue to attract more developers to use it to build Web2 and Web3 use cases.

Therefore, a long-term deployment in Filecoin can be rewarded.

[warmdevs]

New Post has been published on https://warmdevs.com/moving-towards-web3-0-using-blockchain-as-core-tech.html

Moving Towards web3.0 Using Blockchain as Core Tech

The invention of Bitcoin and blockchain technology sets the foundations for the next generations of web applications. The applications which will run on peer to peer network model with existing networking and routing protocols. The applications where centralized Servers would be obsolete and data will be controlled by the entity whom it belongs, i.e., the User.

From Web 1.0 to Web 2.0

As we all know, Web 1.0 was static web, and the majority of the information was static and flat.  The major shift happened when user-generated content becomes mainstream. Projects such as WordPress, Facebook, Twitter, YouTube, and others are nominated as Web 2.0 sites where we produce and consume verity of contents such as Video, Audio, Images, etc.

The problem, however, was not the content; it was the architecture. The Centralized nature of Web opens up tons of security threats, data gathering of malicious purpose, privacy intrusion and cost as well.

The invention of Bitcoin and successful use of decentralized, peer to peer, secure network opens up the opportunity to take a step back and redesign the way our web works. The blockchain is becoming the backbone of the new Web, i.e., Web 3.0.

History of blockchain

The invention of blockchain came to the mainstream after the boom of the Bitcoin in 2018. Have a look at the graph below; Bitcoin was at its peak around $20000.

  But the technologies that power the blockchain network is not something new. These concepts were researched and developed during the ’90s. Have a look at this timeline.

The concepts, such as proof of work, peer to peer network, public key cryptography and consensus algorithms for distributed computing which powers the blockchain have been researched and developed by various universities and computer scientists during the ’90s.

These algorithms and concepts are mature and battle-tested by various organizations. Satoshi Nakamoto combined these technologies and ideas together and built a decentralized, immutable, peer to peer database primarily used for financial purposes.

Initially, we all thought that blockchain is suitable only for cryptocurrencies and not for other applications. This thought was challenged when Vitalik buterin developed the Etherum cryptocurrency with a new Smart contract feature.

Smart contracts changed everything. The ability to code your own application and run on top of blockchain was the answer to critics who thought that blockchain is only for currencies.

“Cryptocurrency is a small subset of the blockchain, like the Email of the internet.”

The smart contracts open up the wave of new applications. The viral game cryptokitties showcases blockchain can handle large end applications such as games.

Smart contracts are written in Solidity language and can be executed on Etherum network. The protocol and design of Etherum inspired the engineers to build an open source and blockchain agnostic platform to build decentralized applications.

DApps protocols

As I have mentioned earlier, Etherum smart contracts were among the first such technology that can be used to program the decentralized applications. The issue was that smart contracts were written by keeping transactions or money in mind.

Developers need multiple tools to build a full-fledged web application such as storage (database, files, index, etc.), message queues or event queues to facilitate the communication. Etherum address these problems by introducing Etherum Swarm and Etherum Whisper projects.

As you can see in the diagram above, With Etherum Smart contracts for writing contracts and swarm to store files that can be associated with contracts. To make the decentralized apps communicate with each other, Whisper can be used. All of these can run inside the decentralized browser such as Dbrowser.

Swarm is a distributed storage platform for an ethereum stack. The core objective of Swarm is to provide decentralized storage for ethereum public records. Swarm is supposed to save the DApps code base and data associated with it.

Swarm allows public participants to pool their storage and bandwidth resources to make the network robust and get paid in Etherum incentives. Fair deal.

Ethereum whisper, in a nutshell, is a protocol for DApps running on Etherum blockchain to communicate with each other, similar to message queues or event queues. Whisper provides low-level API’s to support communication between DApps. You can learn more about it here.

However, do you sense the limitations here? Well, the main issue is that this is entirely Etherum agnostic, i.e., all apps are written and run on top of Etherum blockchain. This change will increase the size of the chain significantly, and scalability will be an issue.

Other than scalability, adaptability will be an issue as well. We need a smooth shift from the centralized web to decentralized web. A shift where masses do not need to change everything for the sake of the decentralized web.

This is where our new protocol comes in, called the IPFS (Interplanetary file system) stack by Protocols labs.

Protocols labs is dedicated to building the decentralized web which runs in parallel to TCP/IP stack. This will make the shift from existing web to web 3.0 very smooth, and masses do not need to make a significant change to use the web 3.0.

Here is the stack.

Rings a bell? This stack looks pretty similar to TCP/IP protocol layers. Let’s learn about this in detail.

The IPFS stack is divided into three essential layers:

Networking layer.

Data definition and naming layer.

Data layer.

Let’s learn about each of them in detail.

Networking Layer

One of the core challenges in the decentralized web is the peer to peer network and designing the protocols which work in a peer to peer network in parallel to the centralized system.

The Libp2p project addresses this challenge with protocols labs. Libp2p provides the modular stack which one can use to build peer to peer network in conjunction with existing protocols such as WebRTC or any new transport layer protocols. Hence, Libp2p is transported agnostics.

Features of libp2p:

Libp2p is a modular networking stack. You can use all of it or use part of the stack to build your application.

Libp2p provides transport and peer to peer protocols to build large, robust and scalable network application.

Libp2p is transport protocol agnostics. It can work with TCP, UDP, WebRTC, WebSockets, and UDP.

Libp2p offers a number of modules such as transport interface, discovery, distributed hash lookup, peer discovery, and routing.

Libp2p offers built-in encryption to prevent eavesdropping.

Libp2p offers built-in roaming features so that your service can switch networks without any intervention and loss of packets.

Libp2p is the solution upon which the networking layer of peer to peer can be built.

Data definition and naming layer

Content addressing through hashes is widely used in a distributed system. We use hash-based content addressing in Git, cryptocurrencies, etc. The same is also used in peer to peer networking.

IPLD provides a unified namespace for all hash-based protocals. Using IPLD, data can be traversed across various protocols to explore and view the data spread across peer to peer network.

IPNS is a system to create a mutable address to the contents stored on IPFS. The reason why they are mutable because the addresses of the content change every time the content changes.

Data Layer

The topmost layer in this stack is the data layer. Interplanetary file system or IPFS is the peer to peer hypermedia protocol. IPFS provides a way to store and retrieve the data across peer to peer network.

IPFS uses IPNS and Libp2p to create, name and distribute content across peer to peer network.

Anyone can become an IPFS peer and start looking for the content using hashes. IPFS peer does not need to store every data; they only need to store data created by them or the one they have searched in the past.

Features of IPFS:

IPFS provides peer to peer hypermedia protocols for web 3.0.

IPFS can work with existing protocols and browsers. This gives a smooth transition from centralized web to web 3.0.

IPFS uses Libp2p to support peer to peer networking.

IPFS data is cryptographically secure.

IPFS can save tons of bandwidth in streaming services. For in-depth details, read this white paper.

IPFS is under development, and there are some fantastic applications built by developers that are running on top of the IPFS. One of the applications of my choice is d.tube. This is a decentralized version of YouTube with built-in incentive and reward feature provided by Steem blockchain.

IPFS also trying to solve the incentive issue. We can’t expect every person connected to the internet to act as a peer. In order to provide an incentive to those who participate and contribute value to the network, IPFS has created a coin called Filecoin which can be paid to peers in the network by the user.

Conclusion

Decentralized web or Web 3.0 is the future. There is a need to design a robust, secure and peer to peer network to tackle the issue in existing web. Etherum and IPFS are leading the path to develop the development suite for developers like us to start developing core applications that are needed to make a smooth transition from the existing web to decentralized web.

[cladeymoore]

Coinbase Custody to support Celo Gold (cGLD), Filecoin (FIL), Keep Network (KEEP), NEAR Protocol…

Coinbase Custody to support Celo Gold (cGLD), Filecoin (FIL), Keep Network (KEEP), NEAR Protocol (NEAR) & Polkadot (DOT)

With over 300 clients and having topped more than $8 billion in crypto assets stored, Coinbase Custody is the world’s largest and most trusted institutional crypto custodian. Started in 2018, Coinbase Custody offers clients access to the secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange business for more than seven years. Coinbase Custody is an independent legal entity regulated by the New York State Department of Financial Services that is built on Coinbase’s crypto-first DNA. Coinbase Custody offers one of the most sophisticated and reliable crypto custody solutions in the world.

As our client base grows, we are proud to continue adding support for the assets our clients care about. Today, we’re announcing at-launch support for cGLD, FIL, KEEP, NEAR & DOT. This means that our customers will be able to safely store these assets on the Coinbase Custody platform from the moment each of these networks goes live.

Coinbase Custody also continues to provide staking infrastructure at launch for Proof-of-Stake networks, which includes Celo Gold, Keep Network, NEAR Protocol and Polkadot.

Investors in these new networks will be able to benefit from Coinbase Custody’s industry-leading offline storage and insurance coverage. Additionally, Coinbase Custody recently became the first crypto custodian to certify both SOC 1 Type 2 and SOC 2 Type 2 reports.

Support for Custody & Network Participation

As the leading institutional crypto custodian, we are committed to supporting ecosystem development by enabling secure participation in all networks on our platform. Coinbase Custody recently launched Compound Governance and collaborated with Bison Trails for staking.

“For people who custody with Coinbase Custody, and want to stake with secure and highly available Bison Trails validators, this integration is a game-changer,” said Joe Lalloz, CEO of Bison Trails.

Asset Support*

Coinbase Custody now supports more than 50 crypto assets and we’re always adding more. We’re excited to welcome Celo, Filecoin, Keep Network, NEAR Protocol & Polkadot to the platform.

If you’re invested in any of these networks and are interested to store your tokens securely with Coinbase Custody, please visit custody.coinbase.com or get in touch.

About Celo

Celo’s mission is to build a financial system that creates the conditions for prosperity for everyone. Celo’s mobile-first platform provides the opportunity to bring open finance to the 5.6 billion smartphone owners around the world. Celo Gold is a utility and governance asset enabling participation on the Celo platform. Visit celo.org for more information.

“Celo, like Coinbase, has a mission to build an open financial system. We’re delighted that Coinbase Custody, as one of the most trusted and reputable organizations in the ecosystem, has decided to support custody of Celo Gold at launch.” Rene Reinsberg, co-founder of Celo

About Filecoin

Filecoin is a decentralized storage network and marketplace designed to store humanity’s most important information. Miners earn Filecoin tokens by renting open hard drive space, and clients pay miners to store and retrieve their data. Visit filecoin.io to learn more.

“As the Filecoin mainnet launch approaches, users are deciding which platform allows them to use FIL most easily. We’re thrilled that Coinbase Custody is providing secure custody for FIL. Coinbase has a great track record of building new, innovative tools for its users.” Juan Benet, Filecoin project founder

About Keep Network

Keep is a privacy layer for Ethereum. A “keep” is an off-chain container for private data. Keep helps smart contracts harness the full power of the public blockchain — enabling deep interactivity with private data. The Keep network, powered by KEEP tokens, handles custodianship for tBTC. Keep is a portfolio company of venture studio Thesis. Visit keep.network to learn more.

“We are thrilled Coinbase Custody will support KEEP tokens at launch. This comes at an exciting time for Keep as we build up to our June 8 ‘stakedrop’ where anyone can stake ETH and earn KEEP,” Matt Luongo, Keep project lead

About NEAR Protocol

NEAR’s mission is to enable community-driven innovation to benefit people around the world. NEAR provides a decentralized storage and compute platform that is secure enough to manage high value assets like money or identity and high performing enough to make them useful for everyday people, putting the power of the Open Web in their hands. The NEAR token is a utility which enables the use, operation and governance of the NEAR platform. Learn more at near.org.

“With NEAR on the home stretch of its MainNet rollout, having asset support from Coinbase Custody allows us to rest easy that token holders have one of the best available options for securing their assets as they are distributed.” — Erik Trautman, CEO of NEAR Foundation

About Polkadot

Polkadot is a sharded blockchain that connects several chains together in a single network, allowing them to exchange data securely and process transactions in parallel. In this way, Polkadot solves major scalability issues that have impeded blockchain development. Applications from decentralized finance and energy to IoT and gaming will thrive on Polkadot, challenging the centralized platforms of Web 2.0. Visit polkadot.network for more information.

“As we head into the launch of Polkadot, we are aligning with high-quality leaders in the crypto ecosystem to ensure the success of the protocol. Coinbase Custody is an industry leader and we look forward to collaborating with them throughout the phases of Polkadot’s decentralization and DOT token launch,” said Dr. Gavin Wood, President of Web3 Foundation and Founder and former CTO of Ethereum.

###

This website may contain links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase Custody Trust Company, LLC and its affiliates (collectively, “Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

Unless otherwise noted, all images provided herein are by Coinbase.

*Coinbase is not providing any investment advice and does not endorse or recommend any digital assets.

Coinbase Custody to support Celo Gold (cGLD), Filecoin (FIL), Keep Network (KEEP), NEAR Protocol… was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

from Money 101 https://blog.coinbase.com/coinbase-custody-to-support-celo-gold-cgld-filecoin-fil-keep-network-keep-near-protocol-6b54fc4c183a?source=rss----c114225aeaf7---4 via http://www.rssmix.com/

[cryptoga-blog]

Jamming on Economics: What Comes Soon after Crypto's Summer season of Adore

http://www.cryptoga.com/news/jamming-on-economics-what-comes-soon-after-cryptos-summer-season-of-adore/

Jamming on Economics: What Comes Soon after Crypto's Summer season of Adore

Ryan Zurrer is principal and venture companion at Polychain Capital, where he potential customers investments in decentralized blockchain protocols and distributed tasks.

The subsequent report is an exclusive contribution to CoinDesk’s 2017 in Evaluation.

If 2017 is to be remembered as a time when cryptographic tokens enabled novel distributed community concepts and sizeable capital was elevated, 2018 will convey additional maturity in crypto-financial techniques and decentralized programs.

With that in brain, I have been calling summer season 2017 the “Summer season of Crypto Adore.”

In this article in San Francisco, it was the 50th anniversary of the “Summer season of Adore” – a magical unique instant where artists and intellectuals came alongside one another to investigate new techniques of pondering. But this summer season, which was just as astounding, was defined by everyone’s really like for crypto.

The scope of the effects that blockchain systems will have in reorganizing capital and intelligence (both human and equipment) was acknowledged by enterprise leaders all about the globe. We saw intense enjoyment for tokenized tasks which drove significant valuations in token crowdfunds (ICOs).

Clearly, there have been illustrations of overvaluation in some belongings, but discounting the ICO model as merely a bubble or temporary hysteria would miss the forest for the trees.

When a token is made appropriately and distributed thoughtfully to drive community results, the leverage that a challenge can get from a significant globally distributed trader foundation is remarkable. Crowdfund contributors lead sizeable specialized sources, evangelize and sector the challenge and normally incorporate benefit that is extremely tricky for even a extremely proficient venture capitalist to match.

Capital is no for a longer period a scarce useful resource mainly because personal VCs are no for a longer period the gatekeepers of capital, so traders are being forced to in fact produce benefit-incorporate for tasks beyond creating a cheque.

I see this trend as normally beneficial and the organic evolution of the early-stage funding model.

Tuning up

But though the globe was getting hyped on ICOs, here at the Polychain office environment, we have been expending most of our time “jamming” on crypto-financial models with our portfolio business people. The outcomes have been extremely compelling.

In situation you are unclear on the that means of cryptoeconomics, it is the rising discipline of review of how we use digital incentives to drive distinct sources and behaviors on decentralized networks that guide to some globally ideal result such as safety or community results.

I connect with the brainstorming system of developing the ideal cryptoeconomic model “jamming,” as a suggestion-of-the-hat to the audio development system. I notice that extremely couple of technologists possess the whole suite of competencies required to create a good crypto-financial model on your own. It involves knowledge in game concept, pc science, behavioural psychology, several fields of economics, math, logic, distributed computing, safety and a deep understanding of blockchain systems and their limits.

So as in audio, the greatest outcomes are realized when a wonderful team comes alongside one another and every proficient personal shares their respective expertise in a complementary trend though being open up minded to improvisation.

Anecdotally, this phrase has been inspired by my friend, the good musician and technologist Simon de la Rouviere, who is good to jam with both on audio or on crypto-economics.

The subsequent are some observations that have came from the a lot of jam classes of this year:

The block reward is returning

We are starting up to see additional tasks prepare to offer only a minority of their tokens to fund challenge improvement and rather intend to distribute their token about time to coherently incentivize an array community contributors.

An elegantly made block reward plan (preferably altered periodically by way of a governance model) that incentivizes the unique important gamers – keepers (i.e. miners, validators, etcetera.), core protocol devs, software devs, and the broader ecosystem contributors is an amazingly potent idea and will be important as the battle for developer mindshare intensifies shifting ahead.

In element, Juan Benet and his group at Protocol Labs can be credited for the return of the block reward.

Juan determined to offer only 10 % of his community in his significant-profile SAFT spherical in August and rather prioritized the block reward with 70 % of the filecoin allocation.

I forecast this prudent structure will drive an awesome quantity of professionally operated storage suppliers to the IPFS community, pushing the price for retail end users to retail outlet their data files on IPFS to practically zero.

We stay in the ‘infrastructure era’ … for now

There is a thoughtful discussion all around protocol layer vs software layer as an financial commitment thesis, and we figure out that there is considerable grey region in the classification of tasks inside of the taxonomy of our ecosystem.

On the other hand, I notice that outlier benefit will carry on to accrue further down the decentralized computer software stack recognized as Website3. We even now have a long way to go to have adequate infrastructure for Website3 that will subsequently give a system for customer programs at scale. We even now require many orders of magnitude enhancement on scalability, para-chain deployment, additional sturdy developer resources and programs that make interacting with blockchain systems far a lot less cumbersome for non-specialized end users.

Yet, this field moves faster than any other on the world, and I’m self-assured that we will see the emergence of the ‘application era’ far faster than we would guess these days.

At the core of our thesis, Polychain stays laser concentrated on investing in and supporting the infrastructure layer of Website3, and there are two implications for the year in advance that we draw from this thesis – the emergence of Significant Ecosystems & Meta Protocols.

Significant ecosystems are maturing

Ethereum was the very first “key ecosystem” to emerge beyond bitcoin and present a wealthy topography for open up supply developers to make decentralized programs and bigger-layer protocols.

Getting into 2018, we are seeing the emergence of other key ecosystems that have aggregated lessons discovered and present considerable functionality enhancements previously mentioned what is available these days. These new key ecosystems will spawn their possess communities of developers, business people, scientists, traders, end users, evangelists and so on.

Polkadot, Dfinity, Tezos, and Filecoin are all positioned to trigger a Cambrian explosion of innovation and novel programs throughout the area.

I am amazingly energized to observe this story unfold in 2018 as all 4 of these key ecosystems will go reside and start out to capture developer mindshare and notoriety and some will turn out to be essential elements of the decentralized web.

Meta-protocols are coming

A single of the a lot of awesome contributions to crypto-economics that my good companion and the Founder of Polychain Capital, Olaf Carlson-Wee has made through our jam classes is the idea of the “meta-protocol.”

This is a protocol that is applicable to a lot of unique fundamental blockchains and precise generates further safety and community results by supporting unique ecosystems simultaneously. A good instance of a meta-protocol is 1Protocol, which will be a related tool for staking throughout the area.

Other illustrations of meta-protocols are Truebit for off-chain computational verification, NuCypher for proxy re-encryption and Preserve for personal knowledge administration on-chain.

I give a couple of other predictions for the year in advance:

Governance and DAOs – The next year will convey some significant profile experiments with on-chain governance and we are energized to notice the outcomes. The start of Dfinity and Tezos will be the most significant tries to absolutely deploy on-chain governance. I am cautiously optimistic that we will also see the re-emergence of outstanding DAOs in 2018, which includes DAOs that govern improvement of an fundamental blockchain.

Operating Applications – We are also on the cusp of seeing some definitely compelling programs inside of the ethereum local community. Personally, I am extremely proud of the MakerDAO challenge that launched the Dai steady coin this thirty day period. This is 1 of the oldest tasks in the ethereum local community and is led by a extremely proficient specialized group. Instead of getting distracted with a flashy ICO, the MakerDAO group concentrated on developing their challenge and the result is 1 of the very first dapps that is sturdy and all set to scale.

Stablecoins – are essential to the larger sized crypto ecosystem so that corporations and wise contract techniques can conduct transactions on-chain with no speculating on the fundamental forex. Purposeful dapps will drive a new cohort of end users to the area and speed up the pace of mass  adoption.

A more substantial photograph is forming

Through the emergence of crypto-economics, I consider the review of economics will ahead additional in the next 24 months then has transpired in the previous 24 many years.

While there are so a lot of factors for gratitude as we conclude this remarkable 2017, what I am most grateful for is to be able to come into the Polychain office environment every single day to sign up for a wicked-wise group that is consistently difficult my assumptions and theories on cryptoeconomics as we chart new territory.

I am amazingly blessed and deeply humbled to work intently with the prime specialized groups in the area, who come from all about the globe to jam on their crypto-financial models and share lessons discovered for the continued evolution of our local community. The outcomes of these jam classes is what drives my good optimism for where we are headed in crypto.

Here’s to 2018 and additional jamming on crypto-economics.

Have your possess crypto-financial model? CoinDesk is on the lookout for submissions to its 2017 in Evaluation sequence. Electronic mail news@coindesk.com to pitch your idea and make your sights read.

John Lennon grafitti graphic by way of Shutterstock

The chief in blockchain news, CoinDesk strives to give an open up system for dialogue and dialogue on all matters blockchain by encouraging contributed article content. As such, the views expressed in this report are the author’s possess and do not automatically reflect the watch of CoinDesk.

For additional specifics on how you can submit an viewpoint or assessment report, watch our Editorial Collaboration Manual or email news@coindesk.com.

Disclaimer: This report really should not be taken as, and is not meant to give, financial commitment advice. You should perform your possess complete investigate ahead of investing in any cryptocurrency.

[cloud-rush-en]

Filecoin joins hands with Ethereum to “build the Web3” era

According to Filecoin’s official Twitter release, on July 22, Juan Bennet gave a speech on “Building Web3”: Filecoin+Ethereum is better together”.

The content of this speech includes the major progress of Filecoin 2021, some new ideas and opportunities for the hackathon, and how to get funding for your FIL+ETH project.

In September 2020, Filecoin publicly stated that Filecoin and Ethereum are the only way to the Web3 era. One is to create a network transmission protocol for persistent and distributed storage and sharing of files, and the other is an open source public blockchain platform with smart contract functions. Both are projects with revolutionary technological breakthroughs, and both are important foundations for the development of blockchain.

The combination of IPFS/Filecoin and Ethereum will open new enterances for blockchain applications, enabling blockchain applications to break through the current limitations of light data applications that only involve finance which will then allows more data-related applications to be implemented.

In the development process of Filecoin and Ethereum, Filecoin, through its own decentralized features and distributed storage technology had provides a more secure and effective solution for the application and data storage of the Ethereum ecosystem. Based on the IPFS technology, there have been many applications been implemented. Through practice and exploration, it is proved that IPFS/Filecoin technology is an important cornerstone for the realization of the Web3 era. Together with Ethereum, it will build a stronger, safer and more convenient ecology for the entire Internet.

There are several main points regarding the IPFS/Filecoin process update on last week:

1. Starling Lab uses Filecoin to store content and uses distributed ledger technology to enhance human rights. This includes restoring trust in online information and news, as well as verifying the authenticity of photos and determining whether they have been tampered with.

2. Filecoin block rewards will be distributed according to the benchmark casting strategy, which is a continuous incentive mechanism to maintain the storage capacity baseline.

3. Contentos and ByteBase content creation platform cooperate based on Filecoin network.

4. The LongHashX Web 3 acceleration camp held by Filecoin and Longhash Ventures will promote the Filecoin+DeFi+NFT+data DAO project.

5. The HackFS hackathon starts on July 30th and ends on August 20th.

6. The advancement of multiple Filecoin bridges: Filecoin and ChainX bridges; Filecoin Storage and Filecoin Defi grafting bridges; NEAR-Filecoin cross-chain bridge developed by Textile is in the testing phase.

7. The well-known decentralized oracle Chainlink and Filecoin have reached a cooperation. This integration can realize a two-way connection between the Filecoin network and Ethereum and other blockchains that support smart contracts.

8. The Ethereum smart contract development tool Truffle and Filecoin have reached a cooperation. This cooperation can help Truffle users directly deploy to the Filecoin network.

9. Release of zk-SNARKs mini website.

There are indications that the Filecoin network has established a huge ecosystem. Cloudrush will continue to help IPFS/Filecoin and Ethereum ecological projects to build a more complete Web3 era!

If you are interested in us, you can join us https://t.me/cloudrushglobalization

[cloud-rush-en]

China's mining industry "619 Incident" is a foregone conclusion. What is the future of distributed storage projects?

Since China’s Bitcoin mining “619 Incident”, many large and medium-sized miners have targeted their future overseas. Small miners have sold equipment at a low price to reduce losses. All participants have accepted it and continue in an orderly manner. This may be a historic moment in China's Bitcoin mining industry. It is understood that the Sichuan Bitcoin mining machine, which has a shutdown load of about 8 million kilowatts and accounts for 10% of the entire network, has been shut down. At this point, the average computing power of the entire Bitcoin network has dropped by about 43% from the high point of 181EH/s to 104EH/s. China's computing power has ruled the global Bitcoin mining industry for nearly ten years, and this has come to an end.

Cloudrush, a large American technology company, and Cyxtera, the second largest data center in the United States, successfully assisted Bitcoin miners to complete the site construction, equipment transfer, custody, and maintenance, to solve the problem of going oversea in an all-round way, and to maintain the development of the Bitcoin network. Please contact V for more details.

Bitcoin, as a peer-to-peer token system, is used to replace traditional fiat currency to complete the payment. However, due to the lack of anchoring specific value and the difficulty of controlling the entire network, it was denied and attacked by many countries during the early stage.

In the end, under the high pressure of policy, the era of Bitcoin mining in China has come to an end.

The mining model that relies on hydropower will be eliminated. However, we can see from Filecoin, Chia, and Swarm, the energy requirements of subsequent blockchain projects are getting smaller, and they will gradually deviate from the energy requirements. It is an inevitable trend to move from independent mines to IDC or even data centers.

As the foundation of future storage, the distributed storage is in line with the national strategic development goals. The National Radio and Television Administration has written the leading IPFS of distributed storage into the white paper of blockchain technology application. Besides, many institutions have also established research groups. This shows that the country has a high degree of recognition to this technology.

IPFS is a revolutionary and practical technology targeting the traditional HTTP protocol. As a decentralized network, peers are connected through various methods such as BitTorrent, and shared files are formed. Compared to traditional Web, IPFS files provide services based on the content of the files, while the traditional Web provides services based on the location of the files.

For example, Google will host the privacy policy at the address:

On the Google server "https://policies.google.com/privacy", the policy content does not matter, so it is based on domain name addressing, which we call it as location-addressing (domain addressing) .

However, IPFS uses the hash value to identify the file by its content. For example, if you want to read: "XKCD#327—ExploitsofaMom". Then, its IPFS address is https://ipfs.io/ipfs/QmZVjV5jFV7Jo4Hfj6WPyRnHCxf8kbadkqtQBco2gef64x/. Anyone who cares about XKCD can host it. This makes broken links unlikely. As long as one node stores data, the IPFS network is unlikely to have a "404" error. We call this content-addressing.

Filecoin is the incentive layer of IPFS. Miners store useful files and receive Fil rewards. It is an asset used in the Filecoin network. Thus, Filecoin is very important to IPFS.

Recently, China proposed the biggest engineering strategy named “counting in the east and calculating in the west”, which will establish 8 hub nodes nationwide as the backbone connection point of the country’s computing power network, develop data center clusters, and network cloud computing big data. As the strategic fulcrum, it will promote the orderly transfer of computing resources to the west and promote the solution of the imbalance between the supply and demand of computing power between the east and the west.

With that, both Filecoin and Swarm can build a data center for the local area. This is a new infrastructure to support the development of this national project. Looking from the basic perspective of blockchain, distributed storage will become a new direction this year.

To improve the Filecoin network, Cloudrush, a large American technology company, provides a one-stop storage solution for Filecoin, so that everyone can participate and promote the network construction. Please contact V for more details.

If you are interested in us, you can join us https://t.me/cloudrushglobalization

[warmdevs]

New Post has been published on https://warmdevs.com/moving-towards-web3-0-using-blockchain-as-core-tech.html

Moving Towards web3.0 Using Blockchain as Core Tech

The invention of Bitcoin and blockchain technology sets the foundations for the next generations of web applications. The applications which will run on peer to peer network model with existing networking and routing protocols. The applications where centralized Servers would be obsolete and data will be controlled by the entity whom it belongs, i.e., the User.

From Web 1.0 to Web 2.0

As we all know, Web 1.0 was static web, and the majority of the information was static and flat.  The major shift happened when user-generated content becomes mainstream. Projects such as WordPress, Facebook, Twitter, YouTube, and others are nominated as Web 2.0 sites where we produce and consume verity of contents such as Video, Audio, Images, etc.

The problem, however, was not the content; it was the architecture. The Centralized nature of Web opens up tons of security threats, data gathering of malicious purpose, privacy intrusion and cost as well.

The invention of Bitcoin and successful use of decentralized, peer to peer, secure network opens up the opportunity to take a step back and redesign the way our web works. The blockchain is becoming the backbone of the new Web, i.e., Web 3.0.

History of blockchain

The invention of blockchain came to the mainstream after the boom of the Bitcoin in 2018. Have a look at the graph below; Bitcoin was at its peak around $20000.

  But the technologies that power the blockchain network is not something new. These concepts were researched and developed during the ’90s. Have a look at this timeline.

The concepts, such as proof of work, peer to peer network, public key cryptography and consensus algorithms for distributed computing which powers the blockchain have been researched and developed by various universities and computer scientists during the ’90s.

These algorithms and concepts are mature and battle-tested by various organizations. Satoshi Nakamoto combined these technologies and ideas together and built a decentralized, immutable, peer to peer database primarily used for financial purposes.

Initially, we all thought that blockchain is suitable only for cryptocurrencies and not for other applications. This thought was challenged when Vitalik buterin developed the Etherum cryptocurrency with a new Smart contract feature.

Smart contracts changed everything. The ability to code your own application and run on top of blockchain was the answer to critics who thought that blockchain is only for currencies.

“Cryptocurrency is a small subset of the blockchain, like the Email of the internet.”

The smart contracts open up the wave of new applications. The viral game cryptokitties showcases blockchain can handle large end applications such as games.

Smart contracts are written in Solidity language and can be executed on Etherum network. The protocol and design of Etherum inspired the engineers to build an open source and blockchain agnostic platform to build decentralized applications.

DApps protocols

As I have mentioned earlier, Etherum smart contracts were among the first such technology that can be used to program the decentralized applications. The issue was that smart contracts were written by keeping transactions or money in mind.

Developers need multiple tools to build a full-fledged web application such as storage (database, files, index, etc.), message queues or event queues to facilitate the communication. Etherum address these problems by introducing Etherum Swarm and Etherum Whisper projects.

As you can see in the diagram above, With Etherum Smart contracts for writing contracts and swarm to store files that can be associated with contracts. To make the decentralized apps communicate with each other, Whisper can be used. All of these can run inside the decentralized browser such as Dbrowser.

Swarm is a distributed storage platform for an ethereum stack. The core objective of Swarm is to provide decentralized storage for ethereum public records. Swarm is supposed to save the DApps code base and data associated with it.

Swarm allows public participants to pool their storage and bandwidth resources to make the network robust and get paid in Etherum incentives. Fair deal.

Ethereum whisper, in a nutshell, is a protocol for DApps running on Etherum blockchain to communicate with each other, similar to message queues or event queues. Whisper provides low-level API’s to support communication between DApps. You can learn more about it here.

However, do you sense the limitations here? Well, the main issue is that this is entirely Etherum agnostic, i.e., all apps are written and run on top of Etherum blockchain. This change will increase the size of the chain significantly, and scalability will be an issue.

Other than scalability, adaptability will be an issue as well. We need a smooth shift from the centralized web to decentralized web. A shift where masses do not need to change everything for the sake of the decentralized web.

This is where our new protocol comes in, called the IPFS (Interplanetary file system) stack by Protocols labs.

Protocols labs is dedicated to building the decentralized web which runs in parallel to TCP/IP stack. This will make the shift from existing web to web 3.0 very smooth, and masses do not need to make a significant change to use the web 3.0.

Here is the stack.

Rings a bell? This stack looks pretty similar to TCP/IP protocol layers. Let’s learn about this in detail.

The IPFS stack is divided into three essential layers:

Networking layer.

Data definition and naming layer.

Data layer.

Let’s learn about each of them in detail.

Networking Layer

One of the core challenges in the decentralized web is the peer to peer network and designing the protocols which work in a peer to peer network in parallel to the centralized system.

The Libp2p project addresses this challenge with protocols labs. Libp2p provides the modular stack which one can use to build peer to peer network in conjunction with existing protocols such as WebRTC or any new transport layer protocols. Hence, Libp2p is transported agnostics.

Features of libp2p:

Libp2p is a modular networking stack. You can use all of it or use part of the stack to build your application.

Libp2p provides transport and peer to peer protocols to build large, robust and scalable network application.

Libp2p is transport protocol agnostics. It can work with TCP, UDP, WebRTC, WebSockets, and UDP.

Libp2p offers a number of modules such as transport interface, discovery, distributed hash lookup, peer discovery, and routing.

Libp2p offers built-in encryption to prevent eavesdropping.

Libp2p offers built-in roaming features so that your service can switch networks without any intervention and loss of packets.

Libp2p is the solution upon which the networking layer of peer to peer can be built.

Data definition and naming layer

Content addressing through hashes is widely used in a distributed system. We use hash-based content addressing in Git, cryptocurrencies, etc. The same is also used in peer to peer networking.

IPLD provides a unified namespace for all hash-based protocals. Using IPLD, data can be traversed across various protocols to explore and view the data spread across peer to peer network.

IPNS is a system to create a mutable address to the contents stored on IPFS. The reason why they are mutable because the addresses of the content change every time the content changes.

Data Layer

The topmost layer in this stack is the data layer. Interplanetary file system or IPFS is the peer to peer hypermedia protocol. IPFS provides a way to store and retrieve the data across peer to peer network.

IPFS uses IPNS and Libp2p to create, name and distribute content across peer to peer network.

Anyone can become an IPFS peer and start looking for the content using hashes. IPFS peer does not need to store every data; they only need to store data created by them or the one they have searched in the past.

Features of IPFS:

IPFS provides peer to peer hypermedia protocols for web 3.0.

IPFS can work with existing protocols and browsers. This gives a smooth transition from centralized web to web 3.0.

IPFS uses Libp2p to support peer to peer networking.

IPFS data is cryptographically secure.

IPFS can save tons of bandwidth in streaming services. For in-depth details, read this white paper.

IPFS is under development, and there are some fantastic applications built by developers that are running on top of the IPFS. One of the applications of my choice is d.tube. This is a decentralized version of YouTube with built-in incentive and reward feature provided by Steem blockchain.

IPFS also trying to solve the incentive issue. We can’t expect every person connected to the internet to act as a peer. In order to provide an incentive to those who participate and contribute value to the network, IPFS has created a coin called Filecoin which can be paid to peers in the network by the user.

Conclusion

Decentralized web or Web 3.0 is the future. There is a need to design a robust, secure and peer to peer network to tackle the issue in existing web. Etherum and IPFS are leading the path to develop the development suite for developers like us to start developing core applications that are needed to make a smooth transition from the existing web to decentralized web.