Centralized systems are efficient

This type of reliance on third-parties for services over the Internet has given the Internet a seemingly centralized architecture. Where people depend on a supplier rather than access the resource directly from the environment. In this case the environment is the Internet. Centralized systems are efficient, scalable, and feasible, but come with a dependency on people to be honest when tempted with the probability for huge gain through dishonesty. Also, they provide a central access point to sensitive data stored on the network, making a single successful attack powerful enough to cripple the entire network. Because these limitations, centralized systems come with extreme risk and have proven to be a point of failure in our society for the reasons mentioned here. bitcoin blogĀ 

In October 2008 Satoshi Nakamoto released a paper explaining a digital currency called Bitcoin. Along with the description of the digital currency he also explained a protocol for a stable secure decentralized network, where consensus can be successfully established between the nodes. Bitcoin currency is an experiment that has tried the decentralized network protocol implementation. To date Bitcoin has been successful in many areas that the current centralized financial systems have failed. Any weaknesses revealed in the Bitcoin protocol will be a result of new application challenges. In the financial sector, which is complex and demanding, Bitcoin has shown that it’s able to handle many other real world problems we face on the Internet today. Leveraging Bitcoin as a decentralized development platform inside the Linux kernel would allow for an easier more secure, reliable, decentralized implementation of the most popular Internet protocols in use today. Protocols could be incorporated into the heart of operating systems using decentralized technology. This approach would release Internet users from dependency on third-parties to access services like SMTP, VOIP, DNS, and other Internet based services. As a result the Internet based services would be decentralized, less expensive to manage, and their service policies more accessible to user influence.


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