InterPlanetary File System as Bitflix Data Storage
Our project ensures that every NFT we create will provide the utmost security. They will be offered online and offline bonuses, providing additional value to each NFT.
There are many non-fungible tokens (NFTs) and collections do not keep the assets they represent permanently and irreversibly due to the prohibitively high cost of permanently storing data on a distributed blockchain. Realistically speaking, the blockchain-based NFT is more akin to a property deed that includes a connection to the data of the actual digital asset being transferred.
Many NFTs and collections do not store the assets they represent in a permanent and immutable manner. In reality, the blockchain-based NFT is more like a property deed that includes a link to the actual digital asset. This can create a problem known as “pulling out the rug” or “rug pull,” a scam where the NFT creator takes all the money and runs.
Think about what would happen if Google decided that any image of Beyoncé violated its terms of service. Or what if Amazon chose to prohibit Leonardo Da Vinci on their site? Although it may seem absurd, they have absolute authority to police their services. Every day, hundreds of businesses close their doors or opt to migrate to a new platform due to this.
Given that an NFT is by definition an irreversible and verifiably unique digital asset, it is in the best interests of its producers to incorporate solutions that account for apparent weaknesses of this kind in their creations. Bitflix’s Star NFTs tackle this problem by depending on IPFS, a decentralized and immutable data storage system that the Internet Archive has developed.
What is an InterPlanetary File System (IPFS)
InterPlanetary File System of IPFS is a peer-to-peer hypermedia network that aims to maintain and increase humanity’s knowledge by making the web more upgradeable, robust, and open to preserve and grow human knowledge. A global community of millions of users contributes to this open-source community-driven project, including reference implementations in Go and Javascript and reference implementations in other programming languages.
Users can browse their IPFS node through any computer on earth by entering its public address into an open browser window.
Here are the benefits of having IPFS as data storage:
· Owners of Bitflix NFTs have access to all images at all times
· The NFTs will never go down due to a localized virus or attack
· Files stored in IPFS cannot be modified without changing the URLs
Bitflix NFTs guarantee that the purchaser will never be impacted by the hypothetical “pulling out the rug” problem in the future.
Bitflix NFTs offers all of its NFT buyers a 100-year data storage warranty on all of their NFT purchases. Our commitment to all investors and buyers of NFT photos and metadata files will be stored on a minimum of 5 independent IPFS nodes located in various geographies for a period of at least one hundred years.
Furthermore, by utilizing the universal content ID (CID), the token holder may also use a commercial pinning service such as pinata (https://pinata.cloud/) to independently pin the material on as many servers as they choose. We think that by integrating the fastest-growing innovative contract-enabled blockchain, Polygon, with the most potent distributed file storage network, IPFS, we will be able to give our consumers the most durable and comprehensive NFT ownership experience currently available in the market.
Conclusion
Bitflix ensures that all of our NFTs are safe and secured. With IPFS as our data storage, we are confident that the investors and purchasers will enjoy and access their collections anywhere and anytime.
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