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Global Blockchain Convention Dubai 2022: Why integrating BSV and IPv6 will drive the digital economy

Why is IPv6 so related to the BSV blockchain and vice versa? There’ll quickly be over 100 billion gadgets related to the web. Presently, there are 30 billion, and most of them aren’t related correctly. On the BSV Global Blockchain Convention (GBC) in Dubai in Could 2022, a number of specialists will describe how IPv6 requirements can combine BSV to construct a brand new and higher web that serves each people and “web of issues” (IoT) gadgets to create a real and safe digital economic system.

IPv6 is the new world internet protocol customary and has been creating for many years. It can ultimately substitute the present IPv4, which has been the inspiration of the web because the early Eighties.

Why is IPv6 essential to the digital economic system?

IPv4 is legendary for having an insufficient variety of distinctive addresses to serve the billions of customers and gadgets on the web within the twenty first century. This drawback has resulted in a number of workarounds and address-sharing methods, which have to be changed. Whereas that’s IPv4’s best-known shortcoming, there are additionally inadequacies in the way it handles data, particularly in information packet headers. IPv6 proposals embrace headers that may deal with key trade and different data to effectively route information throughout the community.

That’s the place BSV is available in. Dr. Wright has spoken extensively about how helpful it will be to combine know-how from the BSV protocol into IPv6 requirements. He has presented at a number of IPv6 technical requirements committee conferences, taking a look at the way it could possibly be achieved. BSV and IPv6 will make information touring across the web extra non-public and safe, with larger consumer management over what occurs to it. 

“IPv6 allows end-to-end connectivity, and that was a part of the inspiration of Bitcoin,” said Bitcoin creator Dr. Craig S. Wright on the College of Dubai earlier this yr. This kind of communication that doesn’t depend on third-party middleman platforms is central to the Bitcoin/BSV ethos. And for this to work, a blockchain should scale to fulfill the entire world’s wants. The web wouldn’t work if there have been a number of internets, and blockchain solely works if there’s only one chain.

Why? The BSV blockchain is the world’s ledger. There may be just one ledger recording data, not a number of events, every engaged on their very own. And because the solely blockchain able to scaling to the scale of the worldwide economic system, BSV must be the common document of reality.

That common ledger will substitute our reliance on current untrustworthy techniques, which have persistently failed at defending their customers’ data from hackers and information miners.

“I wish to see a mannequin the place everyone connects with out going by huge Silicon Valley firms,” Dr. Wright stated. Utilizing BSV as a base layer, IPv6 would see blockchain applications that run efficiently, with enhanced privateness and safety controls. This must work on each the wired and wi-fi web, exchanging data, whether or not it comes from a human consumer or essentially the most rudimentary/disposable IoT system, wherever on the planet.

Come to GBC Dubai to seek out out extra

There will probably be three shows on the subject of IPv6 on Day 2 of the World Blockchain Conference. They embrace a keynote on IPv6 and 5G/6G mobile networks and IoT, one other keynote on how IPv6 and BSV can construct a greater web, and a presentation with particulars on how the 2 requirements will interoperate with one another. 

Dr. Wright is central to educating attendees on IPv6/BSV points and will probably be presenting on the conference. The BSV World Blockchain Conference takes place on the Grand Hyatt Dubai from Could 24 – 26, 2022. 

For those who don’t have one already, tickets can be found here. For those who can’t make it to the occasion in individual, you may register for the digital occasion and livestream as nicely.

New to Bitcoin? Take a look at CoinGeek’s Bitcoin for Beginners part, the final word useful resource information to study extra about Bitcoin—as initially envisioned by Satoshi Nakamoto—and blockchain.