Author: Tyler H 2018-04-21 12:35:28
Published on: 2018-04-21T12:35:28+00:00
Tyler Hawkins has proposed a new method called Numerifides which allows for the registration of human-readable names and arbitrary data on the Bitcoin network. This includes mapping such as username to GPG key, domain to IP address, and Lightning node Alias to URI. The proposal includes a new transaction type called "numerifides" transactions which require locking up Bitcoin for a certain amount of time to discourage "namesquatting". Transactions also include a puzzle to allow for community consensus revocation of highly contested names or "squatted" name mappings. The transactions are Replace-By-Fee (RBF), allowing for censorship resistance and high-fee transactions. Numerifides aims to solve Zooko's triangle by being secure, decentralized, and human meaningful. Tyler Hawkins has shared the full working spec for Numerifides on GitHub and is looking for feedback and possible enhancements. It is proposed that a P2WSH defining the mapping that is gossiped about outside of the Bitcoin network could be a possible change to incentivize filling blocks with data like this.
Updated on: 2023-05-20T05:26:17.639787+00:00