IPFS - decentralized storage

Why use IPFS?

IPFS allows use to store files in a decentralized manner leveraging a peer to peer system. This is seen as a benefit in the NFT space as we can’t change the artwork or remove it after the fact. Even if we don’t pay for hosting or the project is “dead” the artwork will be available, because it is decentralized, can’t be changed and is stored hopefully permanently. There is no guarantee of permanence though for a fully permanent solution please see Arweave.

Why is IPFS not permanent? Because no one is checking, whether or not your file is still stored by someone on IPFS. Arweave solves that by leveraging distributed ledger (DLT/Blockchain) technology.

For more check the ipfs website.

What is IPFS?

A peer-to-peer hypermedia protocol designed to preserve and grow humanity’s knowledge by making the web upgradeable, resilient, and more open.

When you add a file to IPFS, your file is split into smaller chunks, cryptographically hashed, and given a unique fingerprint called a content identifier (CID). This CID acts as an permanent record of your file as it exists at that point in time.

For more check the ipfs website.