WEB3 and Chia Blockchain, long has this been in my head, so the time has come out for me to come out with my thoughts.
Since the Chia Network launched, I have never consider it to be a rival to Bitcoin, simply did not look at it that way. Although most people from the ecosystem that I interact look at the Chia as the new Bitcoin, and that is legit of course, everyone is entitled to it’s own opinion, mine is that the real rival for Chia is Ethereum. With that in mind all my thoughts are on creating parallels with this two blockchains.
I have picked up on a hype in the crypto community with the web3, so naturally web3 and chia blockchain popped up in mind, since chia network it is the most decentralized blockchain at the moment.
Two things come into my mind:
- There is in existence an Ethereum Name Service, “Decentralized naming for wallets, websites, & more” short ENS. Essentially it is, at the moment, most widely integrated blockchain naming standard. Can Chia Blockchain be used to support blockchain naming standard and it’s own “Chia Naming Service“, and could it be integrated with IPFS, or some other distributed system for storing and accessing files.?
- The previously mentioned IPFS is a distributed system for storing and accessing files, websites, applications, and data. Essentially a decentralized hosting server that keeps your data distributed across the web, keeping them accessible from different locations.
Maybe Chia Network can not distribute space in that way, since the current plots are unable to store any other data besides those needed for Proof of Space and Time, or maybe they can but we just do not know about it yet.
Newer the less, I was willing to replot when the pooling protocol was implemented, I can say for myself, I would be prepared to replot for plots with support for “a distributed system for storing and accessing files, websites, applications, and data”.
WEB3 and Chia Blockchain – Chia blockchain naming standard and it’s own Chia Naming Service
Now, I presume there are a lot of obstacles needed to overcome to implement, or invent the Chia Naming Service, since a blockchain naming standard already exists on Ethereum blockchain. Thus the Chia Naming Service can not be just the same, it has to be something more, eg. faster, more secure and most of all easier to use, maintain and integrate.
Probably a collection of libraries that allow you to interact with a local or remote Chia node using HTTP, IPC or WebSocket will need to be created, if it is even possible for such library to exists.
But my opinion is that such a project could add additional value to chia blockchain and thus to its native XCH coin.
As for distributed system for storing and accessing files, websites, applications, and data
It was clear from the creators of chia that plots are intended only for proof of space and time, and the possibility of using chia plots for additional storage is simply not an option, since the way they are created makes them unable to store data, maybe in the future a new version of plots will be able.