Bitcoin sparked the peer-to-peer revolution, in which users no longer depend on intermediaries. However, this revolution has been limited by the insufficient IP addresses in the IPv4 internet protocol. Now, IPv6 is taking over, and according to nChain’s Alessio Pagani, its convergence with Bitcoin lays the foundation for a decentralized future.
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Pagani is the director of research at nChain, the London-based industry leader in enterprise blockchain solutions. At the IEEE COINS Conference, he joined CoinGeek’s Becky Liggero to discuss the intersection of Bitcoin and IPv6 and why they are critical for the Metanet.
At nChain, Pagani’s team is working on IPv6 Bitcoin-certified addresses. He revealed that this is enabled by IPv6’s address size, allowing users to create cryptographically generated addresses and link them to private keys that they control.
“You can now use the same private key to generate a Bitcoin address. Now, you can have a wallet that generates an …