Bitcoin Masterclasses 2 highlights multicast, IP2IP, IPv6 and how they relate to the Bitcoin blockchain
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On February 22nd and 23rd, nChain hosted the second installment of Bitcoin Masterclasses in Ljubljana, Slovenia, at the Intercontinental Hotel.
The workshop was chaired by none other than Dr. Craig Wright, Chief Scientist at nChain and creator of Bitcoin. Over the two days, Dr. Wright led eight sessions covering multicast, IP2IP, IPv6 and how they all tie into the Bitcoin blockchain protocol.
“I’m trying to become aware of how much can be done in Bitcoin and the surrounding technology. So I go through different aspects that are overlooked. It’s not necessarily a deep dive into things like multicast and IPv6, but understanding how they can integrate this and why they should,” Dr. Wright shared with CoinGeek.
“The waste of bandwidth that happens when you send things many, many times and the inefficiencies can go away and you can make much better apps. And as we demonstrated here, there are new ways to do applications that people don’t think about, he added.
While most of the in-person attendees at the workshop were nChain employees by design, there were also a few external guests who greatly admired Dr. Wright’s work and jumped at the opportunity to participate.
“We have followed Craig’s philosophy, mindset, knowledge, genius experience for quite some time,” said Richard Sinivassen of AMG Lux Trades Ltd.
“And today is a great opportunity given to us in Slovenia, in Ljubljana, to finally be able to meet him in person and listen to what he has to share with us, because he is just a wealth of information and we are very grateful .for him to share this information with us, Sinivassen said.
Alessio Pagani, Director of Research at nChain and Head of the Emerging Technology Program, actively participated in the group discussions in the Masterclass.
Within the Emerging Technology Programme, Pagani focuses on linking new technologies to blockchain, including how it can help improve these new technologies and how these new technologies can help improve blockchain.
“One of the programs within this Emerging Technology program is the IPv6 program, which is very interesting, and that’s why I’m here. We want to understand and discuss more about IPv6, understand the potential uses of IPv6 and blockchain,” Pagani said.
Domen Osojnik, Frontend developer at nChain Slovenia, lives a few hours from Ljubljana and commuted in both days of the workshop.
“Today we as a company came here as a little gathering and to learn something new about Craig Wright and what he does and his vision going forward. He is very enthusiastic. When I saw him live, he is what I expected him to be be from what I’ve seen before. So yeah, a really cool guy,” Osojnik shared.
“Everything we’ve learned here today is pretty new to me. So it’s a whole new experiment, and putting it together with blockchain, that’s also something new,” he said.
Luka Topolovec, Regional COO (SLO) at nChain added, “I think that we are all students in the Bitcoin space and I think it is very valuable for people here and our colleagues to learn as much as we can because this gives us a opportunity and competitive advantage in innovation in the future.”
According to Topolovec, Dr. Wright did a wonderful job of communicating with his audience and leading the workshop by creating a “safe space” to share ideas and take in information.
“I think that he is a great professor and he has a lot of patience when it comes to expressing his ideas and his view of the world. And I think that many of our colleagues and friends had an opportunity to learn something new,” confirmed Topolovec.
Cerian Jones, owner and director of Entheos IP, is an intellectual property attorney who has worked closely with Dr. Wright for many years. She traveled from Wales to Ljubljana to learn more about Dr. Wright’s ideas about IPv6 and how IPv6 can be used with the blockchain for various applications.
“So far it’s just been really, really fascinating to start thinking about some of the applications, some of the advantages and benefits that come from this combination of IPv6 plus the blockchain,” she said.
Mihael Šinkec, software engineer at sCrypt, added “IPv6 is an area I think I’m still lacking in. I want to know more. And I think Craig, with his presentations, knows a lot of things and a lot of potential uses for this technology.”
When asked what he learned during the workshop, Šinkec mentioned the ability to delegate groups in IPv6 via multicast and potential use cases discussed around it.
After finishing the masterclasses, each participant clearly walked away with a deeper knowledge of the power of multicast and IP2IP within the Bitcoin blockchain protocol.
Dr. Wright was also pleased with the result and had a final message for the participants, both in person and virtually.
“What I want people to start thinking about is how do you create group-based applications that aren’t based on the way everyone’s been told to do on a central server that monitors everything, where you create an application that people want to use, not you keep data for people,” he challenged.
The third Bitcoin Masterclasses took place this week in Zurich, Switzerland, focusing on accounting and mapping transactions on the chain.
Watch The Bitcoin Masterclasses 2 Slovenia day 1 here:
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Watch Bitcoin Masterclasses 2 Slovenia day 2 here:
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