Blockstack: Difference between revisions
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'''Blockstack''' is a | '''Blockstack''' is a blockchain-based network for decentralized applications<ref>{{citation | title=Blockstack: A New Internet for Decentralized Applications | url=http://blockstack.org/whitepaper.pdf}}</ref>. Blockstack provides protocols and software libraries for [[authentication protocol|authentication]], [[cloud storage|storage]], and [[app store|app publishing]] in a decentralized manner. Blockstack aims to address the centralization at the [[Application_layer|application-layer]] of the internet and provides decentralized alternatives to internet's [[Alternative_DNS_root|domain name system]] and [[Public_key_infrastructure|public-key infrastructure]]. Developers have built [[decentralized application|decentralized apps]] like word processors and spreadsheets<ref>{{cite news |publisher=''[[Wired (magazine)|Wired]]'' |url=https://www.wired.com/story/the-decentralized-internet-is-here-with-some-glitches/ |title=The Decentralized Internet Is Here, With Some Glitches |first=Tom |last=Simonite |date=March 5, 2018}}</ref>, messaging apps<ref>{{cite news |publisher=''[[The Washington Post]]'' |url=https://www.washingtonpost.com/news/the-switch/wp/2018/03/23/the-new-technology-that-aspires-to-deletefacebook-for-good/ |title=The new technology that aspires to #DeleteFacebook for good |first=Brian |last=Fung |date=March 23, 2018}}</ref>, business productivity<ref>{{cite news |publisher=''[[CoinDesk]]'' |url=https://www.coindesk.com/bitcoin-wallet-blockstack-decentralized/ |title=Blockstack's First Business App Wants to Help Employees Earn More Crypto |first=Leigh |last=Cuen |date=July 30, 2018}}</ref>, and social networking apps amongst others, using the software. | ||
Blockstack is often described as a new internet, separate from the traditional internet, with a focus on privacy, security, and data ownership<ref>{{cite news |publisher=''[[The New York Observer|Observer]]'' |url=http://observer.com/2016/09/a-second-internet-coming-soon-courtesy-of-the-blockchain/ |title=A Second Internet, Coming Soon, Courtesy of the Blockchain |first=Brady |last=Dale |date=September 27, 2016}}</ref><ref>{{cite news |publisher=''[[Reason (magazine)|Reason]]'' |url=https://reason.com/reasontv/2017/06/22/blockstack-bitcoin-blockchain-internet |title=Princeton-Trained Computer Scientists Are Building a New Internet That Brings Privacy and Property Rights to Cyberspace |first=Jim |last=Epstein |date=June 22, 2017}}</ref>. Season 5 of the HBO [[Silicon Valley (TV_series)|Silicon Valley show]] partially based their concept of a new decentralized internet on the MaidSafe and Blockstack technologies<ref>{{cite speech |title=Mike Judge, Co-creator of HBO's Silicon Valley in conversation with Cory Doctorow |author=Mike Judge |author-link=Mike Judge |date=April 1, 2000 |location=San Francisco |url=https://www.youtube.com/watch?v=B-5HXDOveGM |access-date=July 31, 2018}}</ref>, and Blockstack founders Muneeb Ali and Ryan Shea were technical advisors to the show<ref>{{cite news |publisher=''[[Fortune (magazine)|Fortune]]'' |url=http://fortune.com/2018/06/08/blockchain-silicon-valley-new-internet-blockstack/ |title=Meet the Blockchain Startup That Inspired HBO’s ‘Silicon Valley’ Season 5 |first=Jen |last=Wieczner |date=June 8, 2018}}</ref>. | Blockstack is often described as a new internet, separate from the traditional internet, with a focus on privacy, security, and data ownership<ref>{{cite news |publisher=''[[The New York Observer|Observer]]'' |url=http://observer.com/2016/09/a-second-internet-coming-soon-courtesy-of-the-blockchain/ |title=A Second Internet, Coming Soon, Courtesy of the Blockchain |first=Brady |last=Dale |date=September 27, 2016}}</ref><ref>{{cite news |publisher=''[[Reason (magazine)|Reason]]'' |url=https://reason.com/reasontv/2017/06/22/blockstack-bitcoin-blockchain-internet |title=Princeton-Trained Computer Scientists Are Building a New Internet That Brings Privacy and Property Rights to Cyberspace |first=Jim |last=Epstein |date=June 22, 2017}}</ref>. Season 5 of the HBO [[Silicon Valley (TV_series)|Silicon Valley show]] partially based their concept of a new decentralized internet on the MaidSafe and Blockstack technologies<ref>{{cite speech |title=Mike Judge, Co-creator of HBO's Silicon Valley in conversation with Cory Doctorow |author=Mike Judge |author-link=Mike Judge |date=April 1, 2000 |location=San Francisco |url=https://www.youtube.com/watch?v=B-5HXDOveGM |access-date=July 31, 2018}}</ref>, and Blockstack founders Muneeb Ali and Ryan Shea were technical advisors to the show<ref>{{cite news |publisher=''[[Fortune (magazine)|Fortune]]'' |url=http://fortune.com/2018/06/08/blockchain-silicon-valley-new-internet-blockstack/ |title=Meet the Blockchain Startup That Inspired HBO’s ‘Silicon Valley’ Season 5 |first=Jen |last=Wieczner |date=June 8, 2018}}</ref>. | ||
==Overview== | ==Overview== | ||
Blockstack is being developed by a group of engineers and researchers coming from both industry and academia<ref>{{citation |title= Blockstack: Design and Implementation of a Global Naming System with Blockchain |url= http://blockstack.org/blockstack_usenix16.pdf}}</ref> and is released as open-source. Blockstack's blockchain name system (BNS) is the first implementation of a decentralized [[DNS]] system on top of the [[Bitcoin]] [[Blockchain (database)|blockchain]].<ref>{{cite news|title=Blockstack aims to make DNS more secure by building on top of the Bitcoin blockchain |url=http://siliconangle.com/blog/2016/02/25/blockstack-makes-dns-more-secure-by-building-on-top-of-the-blockchain/ |author=Kyt Dotson |date=Feb 25, 2016 |newspaper=Silicon Angle}}</ref> It combines DNS functionality with | Blockstack is being developed by a group of engineers and researchers coming from both industry and academia<ref>{{citation |title= Blockstack: Design and Implementation of a Global Naming System with Blockchain |url= http://blockstack.org/blockstack_usenix16.pdf}}</ref> and is released as open-source. Blockstack's blockchain name system (BNS) is the first implementation of a decentralized [[DNS]] system on top of the [[Bitcoin]] [[Blockchain (database)|blockchain]].<ref>{{cite news|title=Blockstack aims to make DNS more secure by building on top of the Bitcoin blockchain |url=http://siliconangle.com/blog/2016/02/25/blockstack-makes-dns-more-secure-by-building-on-top-of-the-blockchain/ |author=Kyt Dotson |date=Feb 25, 2016 |newspaper=Silicon Angle}}</ref> It combines DNS functionality with public key infrastructure and is primarily meant to be used by new blockchain applications. Other systems like [[Namecoin]] have implemented decentralized DNS using blockchains earlier by using blockchains other than Bitcoin. Blockstack became operational on the Bitcoin blockchain in September 2015.<ref>{{cite news|title=Onename Drops Namecoin, Switches to Bitcoin |url= http://cointelegraph.com/news/onename-drops-namecoin-switches-to-bitcoin |author=Jamie Redman |date=September 14, 2015 |newspaper=Cointelegraph}}</ref> | ||
In May 2017, at | In May 2017, at CoinDesk's "Consensus 2017" blockchain conference in New York, Blockstack released a decentralized [[Browser extension|browser add-on]],<ref name="shin">{{cite news|last1=Shin|first1=Laura|title=Blockstack Unveils A Browser For The Decentralized Web|url=https://www.forbes.com/sites/laurashin/2017/05/23/blockstack-unveils-a-browser-for-the-decentralized-web/#6799150e71cd|accessdate=28 May 2017|work=Forbes|date=23 May 2017}}</ref> described as "a kind of [[Netscape]] for the decentralized internet, running apps on a plethora of blockchains".<ref name="coindesk">{{cite news|last1=del Castillo|first1=Michael|title=Blockstack Releases Blockchain-Powered, Tokenized Internet Browser|url=http://www.coindesk.com/blockstack-blockchain-decentralized-browser/|accessdate=28 May 2017|work=CoinDesk|date=23 May 2017}}</ref> The purpose of this add-on is to allow developers to use Blockstack's tools (decentralized identity, storage, and payments) to "create consumer-facing [[Application software|apps]]". The add-on works with any browser, including [[Google Chrome|Chrome]], [[Safari (web browser)|Safari]], and [[Firefox]].<ref name="shin"/> | ||
==History== | ==History== | ||
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The project was started by Muneeb Ali and Ryan Shea, in 2013, who met at the [[Princeton University]] Computer Science department<ref>{{cite news |publisher=''[[Forbes|Forbes]]'' |url=https://www.forbes.com/sites/laurashin/2017/09/05/blockstack-on-how-to-take-control-from-google-facebook-and-amazon/ |title=Blockstack On How To Take Control From Google, Facebook And Amazon |first=Laura |last=Shin |date=September 5, 2017}}</ref>. While Blockstack is an open-source project, Muneeb and Ryan went through [[Y Combinator]] and raised [[venture capital]] for a [[C Corporation|C-corp]] dedicated to supporting the development of the open-source software<ref>{{cite book |last=Gilder |first=George |authorlink=George Gilder |date=2018 |title=Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy |url=https://books.google.com/books?id=4HwoDwAAQBAJ |access-date=August 8, 2018}}</ref>. | The project was started by Muneeb Ali and Ryan Shea, in 2013, who met at the [[Princeton University]] Computer Science department<ref>{{cite news |publisher=''[[Forbes|Forbes]]'' |url=https://www.forbes.com/sites/laurashin/2017/09/05/blockstack-on-how-to-take-control-from-google-facebook-and-amazon/ |title=Blockstack On How To Take Control From Google, Facebook And Amazon |first=Laura |last=Shin |date=September 5, 2017}}</ref>. While Blockstack is an open-source project, Muneeb and Ryan went through [[Y Combinator]] and raised [[venture capital]] for a [[C Corporation|C-corp]] dedicated to supporting the development of the open-source software<ref>{{cite book |last=Gilder |first=George |authorlink=George Gilder |date=2018 |title=Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy |url=https://books.google.com/books?id=4HwoDwAAQBAJ |access-date=August 8, 2018}}</ref>. | ||
Blockstack Inc. raised $4 million | Blockstack Inc. raised $4 million venture capital Series A round from [[Union Square Ventures]], [[Lux Capital]], [[AngelList]] founder [[Naval Ravikant]], [[Digital Currency Group]], amongst others and [[Albert Wenger]] joined the board.<ref>{{cite news|last1=del Castillo|first1=Michael|title=Bitcoin-Powered Internet Advances With $4 Million Blockstack Funding|url=http://www.coindesk.com/blockstack-4-million-funding-series-a/|accessdate=28 May 2017|work=CoinDesk|date=6 January 2017}}</ref>. In September 2017, Blockstack Inc. converted itself into a [[Public-benefit corporation|Public Benefit Corporation]], switching from Blockstack Inc. to Blockstack PBC.<ref>{{citation |title=Announcing the Blockstack Public Benefit Corp| url=https://blockstack.org/blog/public-benefit-corp |author=Muneeb Ali and Ryan Shea |date=September 20, 2017}}</ref> | ||
In December 2017, Blockstack PBC raised ~$50 million from the sale of a token<ref>{{cite news |publisher=''[[TheStreet.com|The Street]]'' |url=https://www.thestreet.com/story/14415481/1/winklevoss-twins-back-blockstack-ico.html |title=Bitcoin Billionaires The Winklevoss Twins Back Blockstack Initial Coin Offering |first=Tanzeel |last=Akhtar |date=December 9, 2017}}</ref>. [[Winklevoss Capital Management| Winklevoss Capital]], | In December 2017, Blockstack PBC raised ~$50 million from the sale of a token<ref>{{cite news |publisher=''[[TheStreet.com|The Street]]'' |url=https://www.thestreet.com/story/14415481/1/winklevoss-twins-back-blockstack-ico.html |title=Bitcoin Billionaires The Winklevoss Twins Back Blockstack Initial Coin Offering |first=Tanzeel |last=Akhtar |date=December 9, 2017}}</ref>. [[Winklevoss Capital Management| Winklevoss Capital]], Union Square Ventures, [[Kevin Rose]], [[Michael Arrington]], [[Foundation Capital]], and others participated in this token offering.<ref>{{citation |title=Blockstack’s $50M Token Sale| url=https://blockstack.org/blog/blockstack-token-sale-recap |author=Muneeb Ali and Ryan Shea |date=December 5, 2017}}</ref> | ||
==See also== | ==See also== | ||
* | *Alternative DNS root | ||
*[[Zooko's triangle]] | *[[Zooko's triangle]] | ||
* | *Namecoin | ||
*[[Ethereum]] | *[[Ethereum]] | ||
Latest revision as of 02:52, 24 July 2026
| Blockstack Logo | |
| Original author(s) | Muneeb Ali, Ryan Shea |
|---|---|
| Developer(s) | Community, Blockstack PBC. |
| Initial release | 17 February 2015 |
| Written in | Python |
| Engine | |
| Operating system | Clients available for Linux, Windows, macOS |
| Type | Decentralized computing, Blockchain |
| License | GPLv3, MIT |
Search Blockstack on Amazon.
Blockstack is a blockchain-based network for decentralized applications[1]. Blockstack provides protocols and software libraries for authentication, storage, and app publishing in a decentralized manner. Blockstack aims to address the centralization at the application-layer of the internet and provides decentralized alternatives to internet's domain name system and public-key infrastructure. Developers have built decentralized apps like word processors and spreadsheets[2], messaging apps[3], business productivity[4], and social networking apps amongst others, using the software.
Blockstack is often described as a new internet, separate from the traditional internet, with a focus on privacy, security, and data ownership[5][6]. Season 5 of the HBO Silicon Valley show partially based their concept of a new decentralized internet on the MaidSafe and Blockstack technologies[7], and Blockstack founders Muneeb Ali and Ryan Shea were technical advisors to the show[8].
Overview
Blockstack is being developed by a group of engineers and researchers coming from both industry and academia[9] and is released as open-source. Blockstack's blockchain name system (BNS) is the first implementation of a decentralized DNS system on top of the Bitcoin blockchain.[10] It combines DNS functionality with public key infrastructure and is primarily meant to be used by new blockchain applications. Other systems like Namecoin have implemented decentralized DNS using blockchains earlier by using blockchains other than Bitcoin. Blockstack became operational on the Bitcoin blockchain in September 2015.[11]
In May 2017, at CoinDesk's "Consensus 2017" blockchain conference in New York, Blockstack released a decentralized browser add-on,[12] described as "a kind of Netscape for the decentralized internet, running apps on a plethora of blockchains".[13] The purpose of this add-on is to allow developers to use Blockstack's tools (decentralized identity, storage, and payments) to "create consumer-facing apps". The add-on works with any browser, including Chrome, Safari, and Firefox.[12]
History
The project was started by Muneeb Ali and Ryan Shea, in 2013, who met at the Princeton University Computer Science department[14]. While Blockstack is an open-source project, Muneeb and Ryan went through Y Combinator and raised venture capital for a C-corp dedicated to supporting the development of the open-source software[15].
Blockstack Inc. raised $4 million venture capital Series A round from Union Square Ventures, Lux Capital, AngelList founder Naval Ravikant, Digital Currency Group, amongst others and Albert Wenger joined the board.[16]. In September 2017, Blockstack Inc. converted itself into a Public Benefit Corporation, switching from Blockstack Inc. to Blockstack PBC.[17]
In December 2017, Blockstack PBC raised ~$50 million from the sale of a token[18]. Winklevoss Capital, Union Square Ventures, Kevin Rose, Michael Arrington, Foundation Capital, and others participated in this token offering.[19]
See also
- Alternative DNS root
- Zooko's triangle
- Namecoin
- Ethereum
References
- ↑ Blockstack: A New Internet for Decentralized Applications (PDF)
- ↑ Simonite, Tom (March 5, 2018). "The Decentralized Internet Is Here, With Some Glitches". Wired.
- ↑ Fung, Brian (March 23, 2018). "The new technology that aspires to #DeleteFacebook for good". The Washington Post.
- ↑ Cuen, Leigh (July 30, 2018). "Blockstack's First Business App Wants to Help Employees Earn More Crypto". CoinDesk.
- ↑ Dale, Brady (September 27, 2016). "A Second Internet, Coming Soon, Courtesy of the Blockchain". Observer.
- ↑ Epstein, Jim (June 22, 2017). "Princeton-Trained Computer Scientists Are Building a New Internet That Brings Privacy and Property Rights to Cyberspace". Reason.
- ↑ Mike Judge (April 1, 2000). Mike Judge, Co-creator of HBO's Silicon Valley in conversation with Cory Doctorow (Speech). San Francisco. Retrieved July 31, 2018.
- ↑ Wieczner, Jen (June 8, 2018). "Meet the Blockchain Startup That Inspired HBO's 'Silicon Valley' Season 5". Fortune.
- ↑ Blockstack: Design and Implementation of a Global Naming System with Blockchain (PDF)
- ↑ Kyt Dotson (Feb 25, 2016). "Blockstack aims to make DNS more secure by building on top of the Bitcoin blockchain". Silicon Angle.
- ↑ Jamie Redman (September 14, 2015). "Onename Drops Namecoin, Switches to Bitcoin". Cointelegraph.
- ↑ 12.0 12.1 Shin, Laura (23 May 2017). "Blockstack Unveils A Browser For The Decentralized Web". Forbes. Retrieved 28 May 2017.
- ↑ del Castillo, Michael (23 May 2017). "Blockstack Releases Blockchain-Powered, Tokenized Internet Browser". CoinDesk. Retrieved 28 May 2017.
- ↑ Shin, Laura (September 5, 2017). "Blockstack On How To Take Control From Google, Facebook And Amazon". Forbes.
- ↑ Gilder, George (2018). Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy. Retrieved August 8, 2018. Search this book on
- ↑ del Castillo, Michael (6 January 2017). "Bitcoin-Powered Internet Advances With $4 Million Blockstack Funding". CoinDesk. Retrieved 28 May 2017.
- ↑ Muneeb Ali and Ryan Shea (September 20, 2017), Announcing the Blockstack Public Benefit Corp
- ↑ Akhtar, Tanzeel (December 9, 2017). "Bitcoin Billionaires The Winklevoss Twins Back Blockstack Initial Coin Offering". The Street.
- ↑ Muneeb Ali and Ryan Shea (December 5, 2017), Blockstack’s $50M Token Sale
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