đšđšđš Decentralized Naming: The Key to Bringing the Next Billion Users to Bitcoin? đšđšđš
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đ Why Decentralization Matters Now More Than Ever
In the wake of the recent Squarespace DNS attack, it's clear that our current domain systems are vulnerable. Spaces Protocol founder Mike Carson emphasizes the need for decentralized domains on the blockchain, highlighting how high-profile social media account blockages also underscore the importance of decentralized usernames.
đ Bitcoin as the Anchor for Decentralized Naming
Carson, a key contributor to Ethereum Name Service (ENS) and Handshake (HNS), argues that Bitcoin is the ideal solution for decentralized domains. He believes that Bitcoinâs security and decentralization make it the perfect platform to anchor decentralized naming systems.
đĄ Why Bitcoin?
- Most secure and decentralized proof-of-work blockchain
- No need for new tokens, premine, or protocol changes
- Cypherpunk ideals: No foundation controlling the system
đ Scaling to the Next Billion Users
Spaces Protocol was designed with scalability in mind, aiming to bring billions of names to Bitcoin while maintaining a minimal footprint on the Bitcoin block space. Carson argues that naming, as a societal cornerstone, could be Bitcoinâs next âkiller app,â just like Bitcoin itself was for money.
đ The Future is Here
With hundreds of millions of domain names and billions of social media users worldwide, decentralized naming anchored on Bitcoin could drive mass adoption of the worldâs most secure blockchain.
đ Is decentralized naming the catalyst for Bitcoinâs next big wave?
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