InterPlanetary File System (IPFS)

The InterPlanetary File System (IPFS) is the first-ever properly decentralized and distributed file sharing and sharing solution. With web2, information over the internet is often stored on servers at specific locations.

IPFS creates a blockchain-like system where the information is stored and distributed altogether. With IPFS all the information is shared within the network. With a peer-to-peer (P2P) storage network, users can seamlessly access the information from the nearest peer.

This significantly increases the speed to access while improving the overall security of the information being stored. IPFS is gradually becoming the industry standard for blockchain-based projects due to its utmost flexibility and ease of use.