Ethereum: What problems exist with the alt coin Namecoin and what can be done to fix them?

Ethereum: Discovering the main problems with Namecoin and designing solutions

Namecoin, an altcoin called “ethereum”, has recently gained attention as a result of a unique approach to providing a key business/value that is separated from Bitcoin Blockchain. While the decentralized identity design Ethereum (DIP) is a great promise, there have been several problems that should be solved before it can be considered a real alternative to Bitcoin.

Problem: Bloaking and Consumption of shortcuts

One of the main concerns about NameCoin is to rely on the hash bitcoins in terms of transaction verification. Ethereum, which uses Namecoin as key/values, still consumes a significant number of shortcuts to achieve its decentralized identity goals. This not only increases energy consumption, but also efforts that have already reduced the supply of extraction energy.

Problem: Security and reliability

Another problem with Namecoin is the lack of a solid safety mechanism. Ethereum, which is strongly dependent on cryptographic techniques, suffers from spaces such as re -specialties and zero knowledge evidence. These gaps can lead to significant losses in terms of general network safety.

Problem: scalability

Namecoin scalability is another area in which it is short compared to bitcoins and other altcoins. Ethereum has tried to expand its speed of transactions, causing high fees that prevent users’ legitimate ability to access the network.

Problem: Regulatory Uncertainty

The modification of uncertainty remains a significant obstacle to Namecoin and similar projects such as dip. Governments around the world have taken steps to regulate cryptocurrencies, including the imposition of strict regulations for and from them to obtain a license. This regulatory uncertainty inhibits an increase in decentralized applications (DAPP) and other cases of use that are largely based on the key/value of Namecoin.

Solutions for Ethereum: Solving these problems

You can suggest several solutions to overcome these problems:

1.

2.

3.

4.

application

While Ethereum and DIP have a big promise, several problems should be solved to make profit alternatives to Bitcoins. By studying solutions such as optimization of short -circuit resources, implementation of solid safety mechanisms, increasing scalability and ensuring compliance with regulatory regulations, we can work to create a safer, reliable and scalable platform that can promote the development of decentralized applications.

Recommendations to accept

In short, the unique approach of NameCoin to providing key trade/values ​​when using Hash Bitcoin to secure important questions about its long -term profitability. To make sure his adoption was successful:

1.

• Turn on the community : Support open communication with users, programmers and stakeholders to collect feedback and solve problems.

3.