IPFS

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High Performance Blockchain

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ChainLink

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IPFS

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High Performance Blockchain

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ChainLink

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What problem does this service solve?

IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.HPB is building an improved blockchain infrastructure based on hardware accelerator chip drivers. It wants to drastically increase the number of transactions that can be processed.ChainLink wants to solve the connectivity problem facing smart decentralized applications. By connecting smart contracts to external data resources, many potential use cases for blockchain can be opened up.

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Company Description

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

High Performance Blockchain (HPB) is a Chinese company that is developing an improved blockchain infrastructure. Their goal is to dramatically improve the speed of transactions and throughput of existing blockchain systems. HPB has been called the EOS of China.
Similar to EOS, HPB uses a delegated Proof of Stake (DPoS) consensus algorithm that will enable parallel processing. It will also aid in improving the performance of their blockchain, and they hope that it will enable the creation of an ecosystem for the creation of decentralized applications.
HPB's platform is based on hardware accelerator chip drivers. The accelerator chips can be customized and will aid in the performance of the blockchain. HPB has the ambitious goal of enabling 1 million transactions per second.
The company's founders are well connected in the blockchain and payment sector in China. NEO is one of the chief investors in the company, and they also works with Union Pay; which is an influential payment network that connects banks in China.

ChainLink is developing the LINK Network, which will enable connected smart contracts. LINK will provide smart contracts with a variety of external data and access to APIs. ChainLink's goal is to solve the connectivity problem that plagues smart contract based systems, and discourages mass adoption. Many decentralized applications are unable to connect with important external data sources due to limitations involving their consensus protocols. The LINK network wants to connect their smart contracts with external systems and APIs by using secure middleware.

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