Crypto in the real world: IPFS use in Taiwan

When trading, being able to recognize signs of value is a great way to raise your awareness. One notable indicator of value is when people begin using certain products out of necessity. 

Organizations are generally apprehensive to adopt crypto networks and currencies because of some understandable risks. This is why the decision by Taiwan’s Ministry of Digital Affairs (MODA) to use the IPFS protocol is a powerful demonstration.

The InterPlanetary File System is a contract for a distributed database; It’s a network of computers which are incentivized to store information. The protocol protects web data by hashing it to a compact size, spreading it within the network, and making it easily accessible. This reinforces their government websites from many different kinds of cyberattacks. The data is retrieved from a true data cloud, instead of just coming from one corporate server.

One main difference between IPFS and common databases is that the data is stored based on the content and not the location, utilizing content identifiers (CIDs). The search process for the user is more direct. For example, content-addressing is like entering a grocery store and asking for cereal instead of walking to the aisle you remember it in. Asking specifically for cereal is more reliable.

The IPFS is a primitive proof of concept, and limited in a few ways. The main limiting factor is that the CID is created from the data, not chosen by the user. This means anytime you change the data, you change the searchable hash that identifies the data. The result is that IPFS is best used for storing static data, usually large sizes and for a long time, as opposed to dynamic webapp data which is constantly updated. 

These problems are being addressed by Filecoin, ENS, and other third party projects building apps on top of the protocol and creating an internet which is truly decentralized and censorship resistant. The same way cryptocurrencies have become almost mainstream in global remittances and finance, the infrastructure of our data will be a valuable asset.


Taiwan’s Digital Affairs ministry turns to Web3 to guard against mainland China cyberattacks following Pelosi’s visit


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Here is an extensive comparison of the Layer 1 Networks published by The Block Research and funded by Algorand. This report is a deep dive into the competition of Layer 1 network, the problems that the leader Ethereum is facing, and how other networks are addressing these problems.