Pinned
100 million handles, Orbee, resolver SDK in 7 languages, Certrelay, Veritas, Subs v0.1, and NIP-SPACES!
Spaces Protocol
167 posts
Spaces Protocol
@spacesprotocol
Joined February 2024
- Spaces are decentralized identities on the Bitcoin blockchain. They are up for grabs through auctions. If you own a Space you can sell subspaces! Think of Spaces as decentralized social handles secured by Bitcoin! Every identity is a name to public key mapping that can be
- Space UTXOs have a minimal footprint on the Bitcoin blockchain. Indistinguishable from standard Bitcoin UTXOs, they offer identical functionality and can be used for payments and refunded as change. Using a Space UTXO for payment effectively renews the Space, making them highly
- Thrilled to be part of @CoinList Seed Spring 2024 batch and special thanks to the @lattice_fund team for their collaboration!Replying to @CoinList8⃣ @spacesprotocol: Scalable & permissionless identities built on Bitcoin Spaces is a naming protocol that leverages the existing infrastructure and security of Bitcoin without requiring a new blockchain or any modifications to Bitcoin itself. 🌐 spacesprotocol.org
- Planning to go live on mainnet at the Bitcoin halving (~April 20)!
- Why was the Spaces Protocol built on #Bitcoin? Because "Bitcoin is the strongest permissionless blockchain in terms of computational security because it has the most resources being expended in order to secure it via a process known as proof of work."
- No new blockchain No token No premine No foundation No protocol changes to Bitcoin 100% cypherpunk permissionless and scalable naming
- The winning bid for a top-level space on the Spaces Protocol is burned. We purposely designed it this way so that there would be no centralized foundation collecting the funds. We considered having it go to miners, but this could cause issues with miners determining the bids.
- Decentralized naming is so important for freedom, that it is inevitable. Did you know that in 2017 the Spanish government took authority of all .cat domain names and raided the offices of puntCAT and arrested CTO Pep Masoliver for sedition?
- An auction for a top-level space lasts for 10 days. If a bid is placed in the last day, it extends the auction for another day. We designed it this way to prevent sniping, but it also prevents attacks on the Spaces Protocol, such as a pinning attack:
- Distribution of names is a difficult problem to solve. @Namecoin and Handshake both had problems with people squatting on large numbers of names for little cost. @ensdomains handles it well for the second-level, but doesn't take into account top-level names. A second-level
- Decentralized naming is so important that it is inevitable. They can seize your domain like they can freeze your bank account. See: samouraiwallet.com
- Replying to @stronicsimpossible to say at this point - we will see! the market will decide
