What is IPSX?

IPSX is a new platform which aims to decentralize IP’s along with features such as privacy and security as well as fully automated IP address distribution. It will support all kind of devices like mobiles,laptops and even data centers.

Why do we need IPSX?

Well to be plain and simple we would all like to remain anonymous in the internet with all the spying that’s been going on around . Apart from privacy we also need to access some data which is not available or blocked in a particular geography.

For example you are on a trip to Gulf or China where internet is censored and would like to a upload some pics to Instragram or a tweet to say your relatives that you’re all fine and enjoying your time there. This is where IPSX comes in , you can use the platform to bypass the censorship.

So basically you can IPSX for

VPN applications

Data mining

To provide security layer

Wait what about TOR?

You don’t have to be a nerd to know about TOR.It provides anonymity and provides a way to bypass censorship too.But there are some problems associated with TOR .In some countries you can’t setup TOR without a VPN ,I have tried it myself and TOR network is unfortunately slow sometimes

Ipsx ecosystem

So here you can share your IP address of a device and there by remote users can bypass the geographic restrictions.By sharing your IP address you get to earn IPSX tokens which are native to the platform.

The IPSX platform will create a marketplace to rent and share IP addresses and where payments for providing IP addresses will be managed. The users providing and availing IP addresses will be recorded in the blockchain.

For more technical information you can refer the white paper here

Token metrics

Total: 1 800 000 000 (100%);

Funding participants: 900 000 000 (50%);

Incentives for early adopters and strategic partners 495 000 000 (27.5%);

Bounty campaign 45 000 000 (2.5%);

Team and strategic partners 360 000 000 (20%).

There will be no more tokens mined after the ico.

Thoughts

It is definitely a new concept in Blockchain,making IP address decentralized and available for renting. In modern world VPN is used almost on a day to day basis especially in countries where there is heavy censorship. It maybe a niche market which might take some time to get widespread adaption but with data becoming more and more precious and valuable , users would definitely think about safeguarding their data and also find a way to access data beyond their reach for when IPSX provides a decentralized way.

Links

ICO site

ANN thread

Official Telegram

BCT profile