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
Mineable
A cryptocurrency is said to be "mineable" when it has the system thrugh which miners can be rewarded with newly-created cryptocurrencies for creating blocks.
YTD
Acronym for Year-to-date
SHA-256
Abbreviation of "Secure Hashing Algoritm - 256", SHA-256 is part of the SHA2 that allows one-way hashing of any data into a 64 character string.
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
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