Recently, our company has a project based on the IPFS protocol. Let me explain it to everyone; it really is an incredibly powerful protocol!

IPFS is a protocol for distributed storage, in contrast to the well-known HTTP protocol (which is for centralized storage). Let me try to explain how great distributed storage is:

1. Files are split into fragments and stored on different physical media, which naturally solves privacy issues. Suppose a user stores a password; it will be split into different pieces. Even if you get half of the password, can you log into someone else's QQ?

2. Each fragment has a unique hash value, which is like a fingerprint. If a user stores two identical files, only one will actually be stored, which saves space.

3. IPFS cannot guarantee that your files will be permanently stored (in fact, permanent storage doesn't even make sense). If you want to ensure that your stored files are not regularly cleaned up, you need to pay with FIL tokens, just like you need to pay in RMB to buy Alibaba Cloud servers. The FIL tokens you pay are earned by miners, who are the ones providing storage devices. Isn't that interesting? You can delete files or stop paying at any time.

You can freely imagine the application scenarios. The development of something is never instantaneous. Back in the day, Ethereum came out and was worth a few cents, and nobody wanted it; now you can hardly afford it. With the popularity of Web3 and the development of artificial intelligence, there is a great need for such storage conditions. It is the first project that combines blockchain with physical entities, which is very significant. Even Bitcoin currently has few application scenarios, which is why Musk said that FIL tokens might surpass Bitcoin. I always believe that the cryptocurrency world will eventually return to value investment; a worthless coin, be it some ridiculous Trump coin or shitcoin, after a few rounds of bull and bear markets, will leave you with nothing. Believe it or not.