What is IPFS? It is actually similar to http, it is a file transfer protocol. IPFS To run, you need to have so many computer networks (storage device) as a node, generalized say that all participating computers can be called IPFS mining machine.
The IPFS network in order to attract more users to join as a node for the network to contribute, designed to encrypt a currency called filecoin, according to the number of contributions of storage space and bandwidth for distribution to participants (nodes) as a reward. Narrow that special reward for filecoin designed for the purpose of computer, called ipfs mining machine.
YottaChain is based on innovative technology to create the block chain store chain public, by connecting globally dispersed storage resources, to create a vast interstellar scale storage pool, to make sure that everyone's data sovereignty. YottaChain broke through the limitations of many IPFS technology not only provides an efficient incentive scheme for miners, but also provide end to end seamless, high-quality, low-cost, persistent storage and network acceleration solutions for the storage of the original center of the user.
IPFS block chain is a good project, it has only created a status quo block chain store is well known, but it also has some limitations in certain scenarios, such as persistent storage for enterprises.
First, it does not have encryption, so data stored in IPFS, everyone can see.
YottaChain exclusive TruPrivacy technology, will inherit IPFS existing storage design, based on the mechanism of increasing data security.
With TruPrivacy technology, under the premise of data security can achieve data deduplication, YottaChain become the equivalent of a "Space Cube", that is, the miners put 1GB of space, YottaChain 5-10GB of storage capacity can be generated, thus creating resources the purchasing power of suppliers on digital currency effects of more than a miracle of its resources supply. Have storage resources of its people to keep their own data, as with the YottaChain mining, come back to buy the data stored in the storage space with the resulting digital currency mining, not only can save more data can spare some of the digital currency. This mechanism may encourage more people to participate in mining, contribute their storage resources.
Second, it lacks the reliability of data protection, which is stored in the presence of IPFS data loss possibilities.
YottaChain IPFS on the basis of increasing the reliability of data protection mechanisms. Which employs redundant coded, any component data is automatically encoded into N (e.g. 100, determined by the particular digital future Community Administration Board) fragments, in which there is any as long as M (e.g. 70) to restore the data fragments, then these N N fragments are stored in the storage nodes, each node saves a fragment, so long as there is no N-M + 1 (31 in this example) nodes can fail at the same time to ensure data integrity is not lost.
Filecoin is a token on the IPFS, and Filecoin is through the contribution of empty hard as a way to reward miners. Filecoin lack of regulatory policy, but also the supply and demand sides discretionary trading, on-line might be domestic regulatory and examination and sealing of the investment may be impaired.
Construction and YottaChain user ends the global supply and demand, i.e., data storage applications the provider side and the memory space. In view of the regulatory requirements of different regions of the global storage market, YottaChain particular emphasis on the design and technology together convenient regulatory compliance.
YottaChain currency using double mode. One of which is the market of currency in circulation -YTA currency, it is another endorsement of resource assets through certificates. For more information Yottachain mining, may be concerned about small series of micro (dadarider). RESOURCES resources permit strictly anchors miners contribution given, not super fat, the use of pricing mechanisms and systems to automatically increase the weight coefficients, to ensure that resources permit through stable value, is very good and stable currency. Price and exchange ratio of currency in circulation and certificates through resources are fully market-oriented, moderately speculative allowed to maintain liquidity, but a growing number of fixed resources of the total currency in circulation correspond to join the system, the mechanism design from but also to ensure its long-term value is a value-added.
YottaChain oriented enterprise persistent storage market, storage access threshold is higher, relatively safe and controlled. The Filecoin and other similar projects are open to everyone, individual users can access, no threshold, information more messy, there are some political and legal risks.
Secondly, the user buy the right to use the storage space, which is a commodity. In YottaChain, as long as the key documents of masked, naturally you can not access the file, there is no need to delete files.
Finally, in order to comply with local regulations and regulatory requirements, YottaChain will provide technical solutions for local regulatory authorities.