January 2019
Beginner to intermediate
372 pages
11h 17m
English
Content preview from Foundations of Blockchain
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Data storage
One of the significant applications of the P2P networking protocol is the decentralization of data storage. BitTorrent was the first protocol to achieve the decentralization of data storage through P2P networking. The InterPlanetary File System (IPFS) protocol was later implemented to create a distributed filesystem, and it also made use of the Bitcoin blockchain technology in its later implementation.
Several blockchain projects have been created using distributed filesystems, where nodes are incentivized with tokens to contribute to storage on the network. Different consensus algorithms have been introduced that are essential to the storage, the retrieval of data, and the incentivization process.
Some blockchain-based distributed ...