IPSX: The Technical Approach to the new IP Sharing Platform

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IPSX is being developed to be the world’s first decentralized platform to share IP addresses by bridging the deals between requestors and providers that require dynamic IP’s to make their utilities work around the web at a desired rate of performance. The structure of the IPSX platform also offers developers the framework and the tools required to build their apps in a clear ecosystem regulated by smart contracts and Blockchain Technology that can offer incentive programs based on performance using the IPSX utility token.

Over the next lines, we’ll do our best to explain the technical approach of IPSX to understand how it works.

The main actors under the IPSX platform

The first step in the ladder revolves around the actors of the ecosystem; these are represented by a human user or a bot system that will interact with the IPSX platform to offer or request IP addresses. Lenders will be referred as “providers” while IP users will be called “requesters.” The other actor is the IPSX system built using JAVA/API coding that will offer the main interface for interaction between users on their devices. The last actor will be a VPN application that will enable connectivity. This third party player is meant to smooth transactions while connecting the IP addresses. Their IPSX wallet address will identify each user, and all transactions will be made using the IPSX tokenized utility.

The structure of the system layers

To run every operation with precision IPSX is working with three layers of technology for added security. The first one is based on Ethereum and is where every smart contract will be handled, and all earnings will be directed to their respective wallets. The company is currently looking to add the Raiden protocol to handle micropayments at this stage. The second layer is for the JAVA app where the interface will work to synchronize the communication times of the involved parties on a deal by arranging the matching process and securing the signature of the smart contracts. The third layer is related to the additional services and communication. The IPSX java app will keep paired channels between the involved parties while the VPN facilitates the connection.

The components to handle the IP exchanges

As of this moment, the IPSX platform just needs two main components to be handled properly: the IPSX wallet and the JAVA platform. Each one of them has certain functions and components that make them work, let’s take a quick look at them:

• The IPSX wallet: this tool is used to manage the IPSX tokens that users accumulate, either to buy IP addresses or as rewards for lending their IP. Each wallet offers a distinctive code to each user to be used as an ID within the ecosystem. The wallet creates a registry for the available balance for the tokens that are ready to use to place orders or to be transferred, and for the reserved tokens that users can create to handle future payments.

• The JAVA App: is a tool where users can set up a profile that will keep a listing of their dealings inside the platform as well as their ID number and all the pertinent information regarding his preferences or settings to work inside the ecosystem. A user will also have access to an order book to manage their requests or their offerings, a deal book to keep track of each smart contract signed with detail. The last feature is a matching function that will offer users awareness of deals similar to their previous dealings inside the platform to keep looking for the best IP offering available.

As you can see working with IPSX it’s not so complicated, the friendly interface can be accessed from every device with internet capabilities, and all IP’s can generate rewards. To learn more about IPSX’s offering, you can go to https://ip.sx/, Telegram, ANN Thread, BOUNTY Thread