It's a lot of technical things talked about in this week's episode of CTT podcast. It was quite enjoyable as well with so much insight and knowledge being shared by the Host,co-hosts and the speakers. This week's episode was quite technical but after some research with what I learned in the space, it made me understand there is a lot more to blockchain development and the likes than I actually know. The speakers talked about how IPFS files and SPK network will work to help Hive level up in its web3 game, where no decentralized system or dapps can come close to it. There were talks about how this things were already in development and what it would mean for Hive in general.
Ok, before I move on, it might already seem like jargon to you guys but trust me it isn't. Let's start with what IPFS means before we digress into my opinion on how this can actually benefit Hive.
IPFS (Interplanetary File System) in simple terms is more like a system that shares files or datas in a distributed file system.
To better understand it check out this definition by Wikipedia.
The Interplanetary File system is a protocol, hypermedia and file sharing peer-to-peer network for storing and sharing data in a distributed file system. IPFS uses content-addressing to uniquely identify each file in a global namespace connecting IPFS hosts.Wikipedia
IPFS in decentralization creates a situation whereby Users can share contents or any form of files and It gets saved automatically for users that view your content. In the case of where IPFS is incentivised. An IPFS host can create a personal token to reward its community users or members. Earning when sharing contents like videos, files and many others is what is meant by incentivising the IPFS system and when this is put into practice it is surely a great way to make a system grow and move forward.
This is where Hive benefitting from all this comes in, an incentivised IPFS file storage is being built and developed under Hive. This groundbreaking initiative will technically promote Hive and give it much value. A situation whereby a Hive user can easily create a token to reward their viewers or vice versa. You literally earn by sharing and storing files in the network. That's a use case that will definitely bring more people to Hive.
Ofcourse, presently this initiative is coming to Hive soon and that will define it as another top level Web3 system. The SPK network will allow sharing of contents and video while the IPFS system is incentivised as well. When a content is shared and it is deleted it is not entirely deleted as the one who already viewed, the content or video will be downloaded automatically.
The creation of this system will allow users who know how to use the File system to use it seamlessly and when one wants to learn as well it can be easily done.
The incentivizing of IPFS and the SPK network will surely bring about a big achievement and development for the Hiv blockchain.