In the first session of the second day of The Bitcoin Masterclasses in Slovenia, Dr. Craig Wright talked about Distributed Hash Tables, how they can help create robust, truly decentralized networks, and how the type of networks weve been talking about can wrest back control from the Silicon Valley giants and return it to the individual.
Distributed Hash Tables
Dr. Wright begins the morning session with the concept ofDistributed Hash Tables(DHTs). They serve as a method for distributing information across many servers and are usually linked to corporations and individuals running different services.
Dr. Wright then asks the attendees if any of them have worked on DHTs. One attendee answers that he has worked on Hadoop. He elaborates that this is a standard key-value style database spread acrossmultiple nodes. You push information to it, and its distributed based on the hash. Dr. Wright picks up on this point to emphasize thatdecentralized doesnt mean what people think it does; in a sense, he uses the word, DHTs are decentralized in that they are stored on multiple nodes.
Robust, decentralized networks
Then comes a hypothetical question; what happens if youre in one of the multicast groups discussed earlier and want to get all of the information pushed to you, but you arent online 24/7?
Straightforwardly, you wont get it. You can ask another group member to update you or set up machines to stay online. Dr. Wright likens this to setting up FNet or IRC programs to continue receiving information when youre offline.
He emphasizes that this is what a robust, decentralized network means; if you have one node and it goes offline, thats not good, but if you have two or more, the chances of losing information become much lower. More nodes are better, but there are diminishing returns after the first few.
Imagining an alternative to Twitter, Dr. Wright rightly says we dont want to have to call on our group to give us all of the information we missed while we were gone. Rather than do this, we have our listener responding and saying were away but requesting the information be sent to it anyway. We then connect to this machine with our phone when were online and pull the information.
Such bots would be very cheap and inexpensive to run. Theyll be run onmicropayments. Furthermore, they can be encrypted so that the information in them is accessible only with your key.
Now were getting to the point where we have a better, more robust version of Twitter, Dr. Wright says.
How many servers are we using on Amazon? How many on Google or Bing? Dr. Wright asks. The answer, of course, is none, and thats why none of them will talk about this sort of thing. They dont want users doing any of this because they want to have control over all data. He points out that Twitter or Google (NASDAQ: GOOGL) could join open groups and suck all the information anyway, but its much more difficult when there are so many potential groups.
Do you see how this becomes a different model? Dr. Wright asks rhetorically, smiling as he describes how Silicon Valley firms like Meta and Twitter wont be able to collect data and snoop on us. This is what he meant by decentralization when he spoke asSatoshi Nakamoto.
Accessing distributed data, fostering competition, and restoring privacy
With distributed systems like the ones Dr. Wright outlines, there are solutions to many of the problems big Silicon Valley companies created today. He says that having standards fordata access and accessing them in multiple ways can improve things.
For example, people can make competing apps that can access the data stored on the blockchain, allowing users to migrate from one to another while still having access to the data provided they have the keys to unlock it (like using a seed phrase to switch between wallets).
This competition between app developers will foster innovation, something Silicon Valley hasnt seen for a long time because a few monopolies literally own the networks they operate on. With DHTs, we have a new way of distributing and holding information in a truly decentralized way.
Dr. Wright then delves into how two parties can usepeer-to-peer networkssuch as the one he describes to communicate securely and even pseudonymously. Once again, this cuts out the data harvesters who want access to our communications for various agendas. Privacy means giving back to the individual, Dr. Wright says, hammering his point home.
Circling back to his earlier talks in theLondon Masterclass, Dr. Wright outlines how we can share certain information with interested parties without handing over unnecessary information. This, too, will restore a level of privacy the world has not seen in a long time.
Watch: The Bitcoin Masterclasses Identity & Privacy
New to Bitcoin? Check out CoinGeeksBitcoin for Beginnerssection, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.
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