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Upfiring

Increasing File Availability. A Reason To Seed.

Upfiring is an incentivized P2P file-sharing desktop application that encrypts and distributes files between peers over a decentralized network. Upfiring allows users to earn cryptocurrency in the form of Upfiring tokens (UFR) by seeding files. The movement of UFR and files on the network is mediated by smart contracts, allowing for trustless exchanges to occur.

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~$258,481
value of tokens sold in ICO
Trading
0.04 USD
From YoBit on 2018-12-14 19:30:06 UTC
Token
Price in ICO
0.0207 USD
ICO start
3rd Oct 2017
ICO end
31st Oct 2017
More on ICO
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About Upfiring

Upfiring is a peer-to-peer (P2P) distributed file-transferring platform designed at its core to enhance the way files are shared between users. By decentralizing the file-sharing process, Upfiring completely removes the middleman and allows users to directly exchange information via the blockchain network. Upfiring utilizes the Ethereum ecosystem as its primary platform for transaction-processing [11]. By encrypting communications on the blockchain and allowing nodes to communicate directly, Upfiring can function as a fully-decentralized exchange for files and value transactions - allowing users to download or seed their own files at will. Distributed networks are able to collaborate in a trustless manner without a single point of failure [1]. In addition, smart contracts regulate all transactions by overseeing the encryption of files, verifying proof-of-ownership, and guaranteeing a seamless transfer of value. The use of smart contracts allows for the objective management of transactions without requiring authoritative supervision. The emergence of these technologies have reflected a much greater attitude shift towards the use of the internet – the growing preference for decentralized, trustless applications over centralized, third-party-controlled services. 

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