IP exchange – the world’s first decentralized IP sharing network

idhasitha (38)in #bitcoin • 6 years ago (edited)

Introduction

There are about 3.5 billion internet users and 8.4 billion IOT devices connected to the Internet according to Gartner. What all of them have in common are high speed CPUs, memory chips and Internet Protocol addresses called IPs. Let me explain you what IPs are. IPs are just like our own home addresses. An Internet Protocol address or an IP address uniquely identify each device connected to a network making use of the Internet Protocol. There is a huge demand for remote IP usage which results in a market of over 60 billion USD with a yearly growth rate of 16%. Remote use of IP addresses is quite famous among consumers but the challenges are to increase security and privacy. They are mainly used to access geo bought services (services restricted for a certain geo location, and media bypass censorship or any other restrictions. The success of such a project is already proved by the Tor project which currently has over 2.5 million daily users. Tor and other similar projects have main three problems of liabilities, you might encounter with problems when sharing your IP, no controlled economy, no revenue in the IP sharing and IP renting processes which in turn produces the next problem, bandwidth and speed quality. The solution is a block chain based system fully automated ,IP sharing exchange, with full clearing of coins related to the price and distribution based on an offer and demand for IPs. With IP Exchange you will be able to share the IP address of your device or turn it into a data center to share a whole range of idle IPs to win real time peer to peer exchangeable IPSX tokens in a safe and sound way. All connections will be logged in the block chain, as a client you will be able to access in real time IPS from all around the world and use them for a short period of times as five seconds to a whole month. You as a VPN supplier will be able to integrate your own system together with their SDK which will allow your customers to choose from millions and millions of IPs around the world, and help others accessing information in a safe ecosystem.

Features and Functioning

The first and most prominent feature of IP Exchange is that it is decentralized and based on blockchain technology. In fact it is said to be the first truly decentralized IP address sharing and renting ecosystem. IP Exchange is expected to be the global marketplace for renting and sharing IP addresses.
Let’s now discuss how IP Exchange works. Most of us will be using the platform as an end user, to share your IP address what you have to do is simply install an application on your phone, tablet and laptop or if you own a data center, on your data center and share your device's IP in a matter of seconds on the IP Exchange platform. You will also be able to rent an already existing IP from IPSX platform. If you work on the platform using a data center you will not be limited with the type of IP addresses you can share, you can the share a whole range of unused IPs on the IPSX platform.

The IPSX ecosystem will be organized on three chief layers, first comes the blockchain layer and then comes the front layer and VPN connection layer.

How it works

IPSX and the funding period

IPSX is the native utility token of the IP Exchange platform. IPSX is an ERC20 token based on the Ethereum block chain. IPSX will be used for internal payments inside the platform which will be completely sealed for folks who does not have IPSX tokens. You can easily manage IPSX using your Ethereum wallet since IPSX is built on the Ethereum platform. There is a total supply of 1 800 000 000 IPSX tokens. The number of tokens you receive after sending 1 Ethereum to their public address is prominently determined by the hard cap of Ethereum and the price set exactly before the main funding event. The ICO starts on 28th February 2018.

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