Blockstack

Blockstack
Initial release September 2015
Stable release 0.0.10 / March 9, 2016 (2016-03-09)
Development status Active
Website blockstack.org

Blockstack is the first implementation of a decentralized DNS system on top of the Bitcoin blockchain.[1] It combines DNS functionality with public key infrastructure and is primarily meant to be used by new blockchain applications. Blockstack is being developed by a group of engineers and researchers coming from both industry and academia[2] and is released as open-source. Other systems like Namecoin have implemented decentralized DNS using blockchains earlier by using blockchains other than Bitcoin. Blockstack became operational on the Bitcoin blockchain in September 2015.[3] As of March 2016, Blockstack is the largest non-financial system using the Bitcoin blockchain by transaction volume.[4]

Projects using Blockstack

OpenBazaar

OpenBazaar uses Blockstack to provide a human-friendly name for stores.[5] It does this by mapping a Blockchain ID, (Blockstack name in the .id namespace) to the store's hashed address.

See also

References

  1. ↑ Kyt Dotson (Feb 25, 2016). "Blockstack aims to make DNS more secure by building on top of the Bitcoin blockchain". Silicon Angle.
  2. ↑ Blockstack: Design and Implementation of a Global Naming System with Blockchain (PDF)
  3. ↑ Jamie Redman (September 14, 2015). "Onename Drops Namecoin, Switches to Bitcoin". Cointelegraph.
  4. ↑ Opreturn Stats
  5. ↑ "What is an OpenBazaar Handle". openbazaar.zendesk.com. January 29, 2016.
This article is issued from Wikipedia - version of the Tuesday, May 03, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.