Ripple Price Prediction: Why It Matters That Ripple Joined Hyperledger
Crypto Coin Updates
Ripple Price Prediction: Why It Matters That Ripple Joined Hyperledger
Ripple News Update
Earlier this week, Ripple (the company) joined the Hyperledger Consortium—a Linux Foundation-backed collection of enterprise blockchain companies—in a bid to expand its appeal.
It wasn’t alone, either. 13 other companies joined Hyperledger as well, swelling the consortium’s already impressive group of stakeholders. (Source: “Hyperledger Extends Global Reach With Diverse Set of New Members,” Hyperledger, March 28, 2018.)
While this is excellent Ripple news, it’s not exactly a surprise.
Support the show, consider donating:BTC: 1LvYWeH6kxhq3o99yNRRedyMufroWkAMkk ()ETH: 0x8cdb49ca5103Ce06717C4daBBFD4857183f50935 ()
Naming systems are an important component of any networked information system. It’s difficult to imagine how the Internet could have been adopted by the masses had it not been for the Domain Name System, which translates machine-readable IP addresses into human-readable domain names. Blockchains, with their long and complex address formats, suffer from a similar problem. One might think a solution would be to apply the same naming system architecture we have for the public Internet to public blockchains. But DNS, in the eyes of many, is a largely flawed system. Centrally controlled by the Internet Corporation for Assigned Names and Numbers (ICANN), Internet domain names are vulnerable to censorship and barriers to entry are kept artificially high ?'” registering a new Top Level Domain (ex: .epicenter) costs hundreds of thousands of dollars.
We’re joined by Alex Van de Sande and Nick Johnson to discuss their approach to creating an open, secure and decentralized naming system for the Ethereum Network. The Ethereum Naming System (ENS) allows users to register .eth domain names, which can be used in supporting Ethereum wallets and clients. Names are reserved by placing a deposit in a smart contract and can be mapped to any Ethereum addresses. So rather than sending funds to 0x8cd…0935, one would simply need to type a memorable name like epicenter.eth into their wallet. Backed by the Ethereum Foundation, ENS will likely become the defacto standard for name registration in Ethereum.
Topics discussed in this episode:
Alex and Nick’s respective backgrounds and roles in the Ethereum Foundation
How the Internet’s Domain Name System works
The problems and pain points with DNS and how it is governed today
What is ENS and what problems it is addressing
The ENS auction system and how names are registered
The different parties involved in ENS
ENS’s technical architecture and governing smart contract
The current governance model of ENS and future plans for increased decentralization of governance
ENS’s economic model and technical roadmap
Links mentioned in this episode:
Sponsors:
Ledger: Smart card security for your Bitcoins – Get 10% off your first order when you use the code EPICENTER –
Jaxx: Wallets that Unify the Blockchain Experience Across Devices –
This episode is also available on :
Watch or listen, Epicenter is available wherever you get your podcasts.
Epicenter is hosted by Brian Fabian Crain, S?ƒbastien Couture & Meher Roy.
Cointelegraph.com News Circle Publishes Another Third-Party Audit of USD Reserves for Stablecoin USDC Goldman Sachs-backed Circle has published a third-party audit of its USD-pegged stablecoin USD Coin for the second time more info…
bitcoin Price To The Moon T shirt The bitcoin To The Moon Crypto T shirt is perfect for hodlers, traders, or just mild blockchain fans. Made of 100% combed ring-spun cotton it's more relaxed and […]
