When IPv6 was introduced as a better Internet protocol than IPv4, nobody believed it. Yet, in this day and age, blockchain and cryptocurrencies have changed the entire conversation. It can be said that IPv6 and blockchain go hand in hand. In fact, IPv6 is the backbone of blockchain, IoT, Cloud, 5G, etc.
What is IPv6?
IPv6 is version 6 of the internet protocol with 128-bit addresses which is like sand granules on a beach, unlimited! There are lots of IPv6 improvements over IPv4 that make businesses pick IPv6.
Why IPv6 and blockchain?
IPv6 is efficient and much more secure than IPv4, with in-built IP Security. It also supports a lot of future technologies. For example, when Dr. Craig Wright, the founder of Bitcoin made the structure model, he used IPv6 as the foundation.
Also, in general, blockchain is modeled on the use of an end-end model of the internet, i.e., IPv6. IPv6 brings a lot of end-end encryption as well as transparency to blockchain-led technology exchanges. It gives a secure and simplified internet network.
Advantages of IPv6 and Blockchain:
In a presentation given by Dr. Wright in January 2022 on IPv6 and Blockchain. Dr. Wright spoke that blockchain was initially built with IPv6 integration in mind. In addition, he envisions a stable and secure internet that can be accessed from anywhere and anytime.
Let us take a look at some of the advantages of IPv6 and blockchain:
1. Simplified Internet:
IPv6 simplifies and is instrumental in allowing any number of machines to connect directly. IPv4 is problematic in doing this, as only 2 billion IPs are really usable. In general, IPv4 is actually a complicated network when it comes to future technologies. Exceptions to this rule are to use IPv4 for email marketing, testing, and more.
2. Cryptographic addresses or CGA:
Cryptographic generating of addresses is easy in IPv6 for a combination of routing information. IPv6 is the backbone of the internet. Thus, your business must look to move towards IPv6.
3. Jumbo Packet transfers:
Jumbo packet allows a large number of data transfers between data centers. Hence, IPv6 is perfectly suited for that. Data transfers in fact can be done in fractions of a second with IPv6. There is minimum or no latency, as data is processed together and faster.
4. IoT connections:
In addition, IoT devices all around the world are linked with IPv6. IP v6 facilitates the efficiency of both IoT and blockchain. Dr. Wright hopes to have a world on the internet where peer-peer communication is direct and negates malware. Also, blockchain is read-only and encrypted. Therefore, this removes unauthorized channels, so no more hackers.
5. Overall Integration of Technologies:
We know that cryptocurrencies like Bitcoin are modeled on the blockchain. Hence, IP v6 when combined with blockchain, allows the integration of payment services. It facilitates token-based computing, access control, and more. For example, an IPv6-based cloud allows self-access data securely. Thus, IPv6 can make the internet secure if done the right way.
Conclusion: IPv6 and Blockchain
Both IPv6 and blockchain are at a beginning of an exciting journey. They pave the way for more advanced technologies in the future. These two technologies also ensure that data cannot be altered. Especially, when data reaches from one place to another.
If you want to know more about how your business can be future-ready with IPv6, connect here. Our IPv6 experts will provide you with all the answers to your questions.