Bitcoin Forum

Nidaba: a distributed scalable naming system with a stable price for name operations

Abstract:
A distributed PKI (naming system) would solve the problem of trusting the authorities in the key technologies behind the Internet. Its creation is a complex task, since the system has to be scalable, has to provide a stable price for certificate registration and has to prevent cyber squatting.

Nidaba has all the mentioned properties, moreover it protects a blockchain from being forked behindhand and it has the same level of protection as Bitcoin does.

Links:
The Nidaba whitepaper (http://nidaba-pki.org/files/nidaba.pdf)
The Nidata site (http://nidaba-pki.org)

Info:
Some time ago I asked myself how the way we do software would change if each user had a private server. I was thinking about this for a while and came to the idea that a distributed authentication is vital for such realty.

I digged and realised that neither Namecoin nor Twister provide important properties, such as protection from the cyber squatters & vandals, resistance to the tragedy of the commons and scalability. I decided to design a system that doesn't have these disadvantages. This is how Nidaba was born. Besides the mentioned properties Nidaba provides a stable price for certificate operations on the external markets via the supply and demand model.

The paper contains several techniques that can be used with other technologies based on the Bitcoin protocol, or with altcoins.

May I know what do u mean by PKI ?

A repository of public keys accessible by unique names and a set of operations to maintain these pairs (a public key & a unique name).

With the keys they are assigned to you personally. It can be installed or used with card.

The one question I have is how will the keys be distributed and how will they confirm registration?

At first sight Nidaba is very similar to Namecoin. To register a pair of name and key you need to spend internal currency. To resolve the disputes about the names Nidaba suggests to use a penny auction. The other Nidaba's distinguished properties are:

• scalabilty (miners don't need to store the whole blockchain)
• resistance to the tragedy of the commons (mining never will depends on the transaction fee only)
• stable price for registration (price is bound to an average miner's hash rate, if the rate goes up the price follows)

Interesting

I was reading the whitepaper its very interesting, what are your plans?

I want to receive criticism and then to decide if the project is worth to be implemented.

This is a great whitepaper and an interesting project. If you need development we can help you with this project. Here is our portfolio so far:


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Quite similar to our project dotp2p.io!

I've contacted OP offline, we might be able to put this on the fast track to completion.