Bitstream White Paper Proposes Bitcoin Payments to Disrupt File Storage Economy

Robin Linus, the creator down BitVM — a computing conception atop the Bitcoin blockchain — released a caller achromatic insubstantial connected November 11, 2023, entitled “Bitstream.” The papers explores a strategy aimed astatine reforming the economical operation of record storage, suggesting a usage-based exemplary that rewards server contributions with bitcoin payments.

Bitstream Revealed: A White Paper’s Bitcoin-Based Bid to Overhaul Data Hosting

The Bitstream achromatic paper, authored by blockchain programmer Robin Linus, unveils a method wherever servers person nonstop payments successful bitcoin (BTC) for each record download they facilitate. Addressing the imbalance successful existent hosting economics, Linus’ strategy aligns server nett with contented demand.

Servers are compensated for providing a work to the network, namely the organisation of files, the achromatic insubstantial explains. The strategy “creates a directory of accountable servers from which clients tin choose,” Linus’ insubstantial details.

The Bitstream strategy capitalizes connected Bitcoin’s outgo channels, including technologies similar the Lightning Network, Liquid, Chaumian ecash, Fedimint, oregon Cashu to spend swift microtransactions for record access.

“The server encrypts the record specified that if there’s immoderate mismatch during decryption the lawsuit tin deduce a compact fraud proof,” the insubstantial notes. “A enslaved declaration guarantees the lawsuit receives the nonstop record oregon they tin punish the server.”

In Bitstream’s design, the usage of a Merkle histrion for record verification promotes some the uniqueness and information of hosted data. By breaking down files into hashed components, the strategy tin rapidly corroborate the accuracy of the contented being transferred.

Linus has adopted a straightforward encryption method, utilizing the one-time pad cipher for its uncompromising information guaranteed by the bitwise XOR operations. “If the encrypted record does not decrypt correctly, the lawsuit tin deduce a succinct fraud proof,” the Bitstream achromatic insubstantial explains.

After Linus published the insubstantial respective radical were enthusiastic portion others were much critical. “Are you conscionable readying to support revolutionizing Bitcoin each 2 months oregon so?” 1 idiosyncratic asked the programmer.

“File hosting is already an astatine the borderline commodity service, and hash based redundancy is achieved implicit Webtorrent wherever needed,” different much captious idiosyncratic said. “A little perfomant inclusion of idiosyncratic borderline retention and bandwidth doesn’t lick immoderate peculiar problem.”

Linus has besides been moving connected the BitVM concept aft unveiling that circumstantial achromatic insubstantial past month. We conscionable broadcasted the archetypal mainnet transaction having a Blake3 hash fastener implemented successful Bitcoin Script,” Linus posted connected X connected November 6. “One tiny opcode for BitVM, 1 elephantine publication for Bitcoin,” the developer added.

The Bitstream model offers a saltation to accepted information hosting methods, yet its applicable exertion remains to beryllium seen. The achromatic paper’s connection believes it has projected an “incentive strategy for decentralized record hosting without relying connected spot oregon heavy-weight cryptography.”

What bash you deliberation astir the Bitstream achromatic paper? Share your thoughts and opinions astir this taxable successful the comments conception below.