Space Meridian

Julian Gruber

Interplanetary Consensus (IPC) is a framework that enables on-demand horizontal scalability of networks, by deploying ""subnets"" running different consensus algorithms depending on the application's requirements.  IPC is a scaling solution intentionally designed to achieve considerable performance, decentralization and security for dApps.
It achieves scaling through the permission-less spawning of new blockchain sub-systems, which are composed of ""subnets"". 

Subnets are organized in a hierarchy, with one parent subnet being able to spawn infinite child subnets. Within a hierarchical subsystem, subnets can seamlessly communicate with each other, reducing the need for cross-chain bridges.

Subnets also have their own specific consensus algorithms, whilst leveraging security features from parent subnets. This allows dApps to use subnets for hosting sets of applications or to shard a single application, according to its various cost or performance needs.    

IPC (InterPlanetary Consensus)

ipc.space

Filecoin is a peer-to-peer network that stores files, with built-in economic incentives and cryptography to ensure files are stored reliably over time. In Filecoin, users pay to store their files on storage providers. Storage providers are computers responsible for storing files and proving they have stored them correctly over time. Anyone who wants to store their files or get paid for storing other users’ files can join Filecoin. Available storage, and the price of that storage, are not controlled by any single company. Instead, Filecoin facilitates open markets for storing and retrieving files that anyone can participate in.

Filecoin is built on top of the same software powering IPFS protocol, which is a peer-to-peer distributed storage network that leverages content addressing to allow permanent references to the data, and avoids relying on specific devices or cloud servers for addressing the content. 

Julian Gruber

Teams (1)

Space Meridian