IPFS

Understanding IPFS

Chainback's innovative approach to decentralized file storage leverages the InterPlanetary File System (IPFS), a protocol that transforms how files are stored and shared in a distributed network. This section of the whitepaper delves into the mechanics of IPFS, its integration into Chainback, and the benefits it brings to users.

Understanding IPFS in Chainback IPFS operates on a peer-to-peer model, creating a distributed network of nodes where each node holds a fragment of the overall data. When a file is uploaded to IPFS through Chainback, it undergoes a process of chunking into smaller pieces, each assigned a unique cryptographic hash. These pieces are then distributed across multiple nodes in the network, enhancing the resilience and availability of the data.

Chainback's IPFS Implementation

In Chainback, when a user uploads a file, it is first encrypted for security, then broken down and distributed across the IPFS network.

This advanced feature allows users to share exclusive content with specific audiences. By leveraging the Ethereum blockchain, we ensure that only individuals holding certain ERC20 tokens or NFTs can access this exclusive content. This method not only heightens the security of the shared files but also adds an element of exclusivity and control over content distribution.

The Benefits of IPFS in Chainback

IPFS offers several advantages over traditional centralized storage systems:

1. Data Loss Prevention: By distributing files across multiple nodes, IPFS mitigates the risk of data loss associated with centralized systems' single points of failure.

2. Efficient File Transfers: Files in IPFS can be retrieved from the nearest node, reducing latency and enhancing download speeds, crucial for quick and efficient document access.

3. Security and Reliability: The decentralized nature of IPFS ensures increased security and reliability, as files are not dependent on a single server or location.