InterPlanetary File System (IPFS)
By CoinGecko | Updated on Oct 15, 2021
The InterPlanetary File System (IPFS) is a peer-to-peer network and distributed file system protocol for storing and transferring data. In a global namespace linking all computing devices, IPFS employs content-addressing to uniquely identify each file. Rather than relying on a single server like BitTorrent, IPFS is based on a decentralized system of user-operators who each hold a fraction of the overall data, resulting in a robust file storage and sharing system. Using a distributed hash table (DHT), any user in the network can serve a file by its content address, and other peers in the network can find and request that content from any node that has it.
Related Terms
IPO
Initial Public Offering (IPO) refers to the process where a public company offers newly issued shares to the public and as a result raise capital from public investors.
Wallet
Software client that handles storage of cryptocurrencies and allows users to send cryptocurrencies.
Transactions Per Second (TPS)
It is number of transactions done per second. For example, there are 10 transactions of Bitcoin done in 1-minute. The TPS would be 10 transactions/60 seconds = ~0.17 TPS.
Super Staker
A Qtum Core wallet (full node) providing Proof of Stake for delegated addresses, and keeping a small part of each block reward as their fee for providing the staking services.
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