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You may have heard of IPFS thanks to it’s genius creator, Juan Benet, or through the much talked about Filecoin which recently held an ICO that was restricted to only Angel investors, but we are still waiting for it’s product. Luckily for us, it is not the only platform allowed to use IPFS.
Shift has been building their blockchain platform on top of the IPFS protocol for some time now.
Shift is a delegated proof of stake blockchain that allows for 101 nodes to get paid for maintaining the network. The Shift blockchain is also turing complete, meaning it supports smart contract for fast development and use of dApps.
Here’s an easy way to understand how IPFS and platforms like Shift and Filecoin interact:
Imagine IPFS is the backend and projects like Shift are the front end. IPFS is the foundation on top of which Shift can build a place for decentralized, distributed storage, marketplaces, dApps, and social media… just to name a few.
Shift has a working platform that is easily accessible by the public. Even though the current transactions are happening on the Shift test network, you can check the transaction on their official website under the “Tools” tab and select the “Explorer” option. Here’s the cool part, Shift will very soon be making the move to their main network. Meaning their platform will officially go live. The first dApp that will be live on Shift is called Phantom, it’s a decentralized storage app.
If you’re interested in building dApps on this platform you’ll be happy to know that you can earn a passive income by the side chain fees your app creates.
For those of you who are ready to begin experiencing what IPFS can do I suggest heading over to the Shift website and getting started already!
If you learned something from this post kindly leave an up vote, and share this one with your friends so we can all nerd out over IPFS together If you’re new to this channel consider giving me a follow so you can get your weekly fix of all things crypto.
So which platform pay the best for decentralized storage solution and crypto data mining ?
gigigi i love the permanent in come nice:p
Great review! Thank you for a good work!
Mind telling us what the hell it is apart from the fact that there's an ICO called shift ?
did filecoin have discount for VCs in the ICO? Does it have a lock in period for them? please reply
SUB will be better
cutie
Just use Sia. It is completely decentralized cloud storage and has a working product. IPFS works on top of BitTorrent and is meant to be a voluntarist network. It's not going to work with Shift either, because the problem is actually very complex. FileCoin is an attempt, but it's basically a clone of Sia with insane ICO and years away from a working product.
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Quick info for all. Good luck.
Can you do a video evaluating substratum network? Substratum is still in ICO and the beta version will be released for testing in a few weeks. SUB is attempting to decentralize web hosting.
Why wait for Filecoin when you can use Sia?
You didn't include the link to shift in the description. It's https://www.shiftnrg.org for anyone else wondering.
Cool Tip ! i'm gonna try it out
. thanks
thank you miss
Opinion on Etheroll and DICE? working gambling dapp on ethereum that pays investors dividends
I'm buying anything she's selling. lol I love the lo-cals that you film at…
Deep stuff. They say it is a new internet rising.
do u know when filecoin willbe on x-changes?
Thanks for the head's up on this upcoming project. Looks interesting.
are you standing in the ocean?
ciao scusami se ti ho offeso .il mio era solo un complimento alla tua bellezza !! seguo il tuo canale e mi piace !! perdonami se ti ho recato offesa
Thanks this looks interesting. Any idea when we will see social networks based on the blockchain and/or using IPFS? Do you have any resources for developers looking to get started with IPFS?
Your reports are the best. Love the channel. Cheers and happy travels!
you are beautiful you have an angelic face wowwwww
PS: Indo looks so beautiful!!!
I HAVE A SH*TLOAD OF SHIFT COINS!!!!! WHOOOO HOO!!! BLAST OFF, SHIFT!!!!
I'm seeing WAY too much RED @ CoinMarketCap…. WTF
Look at me. I am a tool and mindless puppet. I can read a script and talk into the cameria. Pound that hand.
hi I need buy bitcion
Nice