Key Points
The majority of people believe that anyone can create an online presence at any time in the huge virtual realm that is the internet. However, IPv4, the most widely used IP at the moment, is nearing its conclusion. Additionally, IPv4 addresses are becoming hard to come by due to the global proliferation of Internet of Things (IoT) devices.
Fortunately, IPv6 has arrived to save the day. Anyone can construct new addresses using this most recent IP version because of its larger and wider address field, which eliminates concerns about security and privacy. The infrastructure of blockchain is analogous to this feature. The options for secret addresses are virtually limitless when you mix the two technologies.
IPv4 vs. IPv6: How Do They Differ?
1. Address
The format of an IPv4 address is x.x.x.x, where x is an octet containing a decimal value between 0 and 255. An IPv6 address, on the other hand, has the format y:y:y:y:y:y:y:y, where y can be any hexadecimal value between 0 and FFFF. A period is used to separate IPv4 address octets, while a colon is used to separate IPv6 address segments.
2. Connectivity
There will always be enough IP addresses for all devices because of IPv6’s 128-bit capacity. As a result, every computer, smartphone, laptop, server, and website can connect to the internet without NATs and have a distinct IP address. In addition, IPv6 enables direct connections between every host and a number of other hosts online via multicast addresses, enabling simultaneous delivery of media streams and other types of data to numerous locations.
Other than these factors, IPv4 and IPv6 differ in security, transaction, and privacy as well.
How Blockchain Will Be Used in IPv6
IP-to-IP Transaction
Blockchain users can send their currencies directly from one IP address to another via IPv6. This new method expedites transaction confirmations by getting rid of middlemen miners. Actual users can now make up the blockchain network, rather than just nodes and miners.
Outdated Software Replacement
A scalable platform for networked systems is essential. Due to its capacity for processing enormous amounts of data and scalability, BSV Blockchain is able to handle this work. It is the ideal blockchain protocol for scaling interconnected systems due to its lack of artificial block size constraints, cheap transaction costs, fast data throughput, and support for simplified payment verification (SPV).
Built-in Secure Key Generation
Each wallet address comes with public and private keys to permit transactions, similar to the blockchain infrastructure, and IPv6 includes a built-in key generation feature. This function makes sure that all IPv6 address-based transactions are legal and secure.
Conclusion
In the upcoming years, there will be an increase in demand for more cutting-edge technologies. As a result, IPv6 and blockchain will play a more important role than previously.
While blockchain can enable frictionless and transparent transactions across a publicly distributed ledger, IPv6 can increase the connectivity of networks and devices.
By working together to thwart assaults by employing one-time-use addresses, they can secure the internet. Users may also be able to assign and publish an address to a well-known DNS server with their help.