InterPlanetary File System (IPFS), designed by Juan Benet in 2014, is a decentralized peer-to-peer network that lets users backup and stores files and websites by hosting them across a network of nodes, eliminating centralized points of failure and circumventing censorship efforts. The storage and file referencing system for Ethereum is frequently compared to peer-to-peer file sharing protocol BitTorrent.
The news of the IPFS upgrade comes in the wake of U.S. Speaker of the House Nancy Pelosi’s visit to the island, the first for a senior-level official since 1997. In an interview with the state-run Central News Agency (CNA) on Tuesday, Digital Minister Audrey Tang said that the ministry launched the new project the same day China began military drills near Taiwan, following Pelosi’s visit. It uses a Web3 structure tied to the global blockchain community and the global Web2 backbone network.#togrp7