IPFS 2.0 HARDWARE PROTOCOL IMPLEMENTATION
The technology used for data transmission between DEX Nodes is based on the IPFS protocol in its hardware implementation, eliminating its drawbacks. IPFS is a P2P protocol that connects connected devices to a network with a shared file system called the InterPlanetary File System. It was introduced by engineer Juan Benet in 2015 and is currently supported by Protocol Labs and the open-source community.
IPFS aims to address the shortcomings of the client-server model underlying the modern internet. The protocol envisions that data is not tied to origin servers and is stored separately, similar to torrents. Cryptographic hashes are used as addresses to access files, documents, and other information.
Support for IPFS has also been integrated into the "Opera" browser for Android, and various websites are adopting it. One of the major Western cloud providers has also joined the IPFS community.
Since IPFS is built on the idea of decentralization, it has attracted interest from blockchain projects. In 2017, the creators of the protocol launched the Filecoin data storage platform.
However, in the IT community, there are concerns that the IPFS protocol is developing slowly and remains unfinished. Even seven years after its launch, its versions still start from scratch and rarely receive major updates. Working with the base protocol without hardware modernization has also posed challenges. Attempts to use IPFS for various projects often result in slow loading times, issues with IPNS (the InterPlanetary Naming System), and difficulties in associating domains with hashes.
Moreover, due to its decentralization, IPFS is not well-suited for handling confidential data. Some projects are emerging to build local storage solutions based on IPFS, but their applicability is also under scrutiny.
The hardware modernization of the protocol and the creation of the DEXNET platform aim to address issues related to address representation and data exchange speed. IPFS is based on hash addressing, where the address is generated by a hash function, resulting in complex and unreadable URLs. DEXNET addresses the performance issues by deploying the protocol on an adapted hardware platform and integrating alternative independent communication channels for service information exchange (SWARM, a closed satellite-based local network, and DEX Wan, a proprietary direct communication channel), eliminating the mentioned shortcomings and setting a precedent for WEB 4.0 technology.
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