TL;DR: “We have a BIG announcement coming – IPFS 0.5 is on its way!” InterPlanetary File System (IPFS) developers announced recently. On April 28, 2020 Protocol Labs released the promised IPFS upgrade which includes greater support for Ethereum-based projects, Linux’s Systemd, and more.



InterPlanetary File System (IPFS) Upgrade 0.5

InterPlanetary File System is a “peer-to-peer hypermedia protocol designed to make the web faster, safer, and more open,” its website explains. IPFS is maintained by Protocol Labs, promising “to decentralize the web” and enable “creation of completely decentralized and distributed applications, using content addressing and digital signatures. IPFS makes the web faster, safer, and more open,” the company claims.

📣Come join the IPFS Community for a virtual meetup on **Friday May 1st** at 5pm UTC / 10am PT to dive deeper on our big new release! There will be time for presentations, demos, and Q&A. Hope to see you there! 🙌🎉 Register to attend here: https://t.co/TKuwGjUW4W — IPFS (@IPFSbot) April 23, 2020

Routing content is everything when network speed is considered, and the race to provide, fetch, find, and add data is critical. IPFS devs insist the 0.5 upgrade will improve such processes by at least 2x via fewer dials, faster queries, and less network bandwidth requirements. That’s good news for social network applications and distributed video players, for example.

An IPFS protocol upgrade, considered its largest to date, is also particularly noteworthy for cryptocurrency projects associated with the likes of Brave and the Ethereum Name Service. IPFS is considered part of the much-hyped Web 3.0 movement, supposedly based on greater decentralization combined with faster speeds all around and, in theory, less emphasis and dependence on larger tech companies.

CONTINUE THE SPICE and check out our piping hot VIDEOS. Our podcast, The CoinSpice Podcast, has amazing guests. Follow CoinSpice on Twitter. Join our Telegram feed to make sure you never miss a post. Drop some BCH at the merch shop — we’ve got some spicy shirts for men and women. Don’t forget to help spread the word about CoinSpice on social media.

DYOR: CoinSpice is your home for just spicy crypto things. We’re not affiliated with any cryptocurrency project or token. Each published piece is intended for information purposes only, not investment advice and not in the hope of impacting speculative markets. There are plenty of trading sites and coin-specific advocacy journals out there, we’re neither. CoinSpice strives for rigorous accuracy in our reporting. Information presented here is contingent usually on a host of factors, and the ecosystem moves fast — prices change, projects change, and at warp speed. Do your own research.

DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.