Today we took a look at Sentivate. Deep in the cryptocurrency world, there is a buzz around this token. Sentivate – By Arity is aiming to change the internet, a very ambitious undertaking. The argument they propose is that:
The internet is and will continue to be the backbone of human progression. To this I agree. The internet is and will continue to be a tool in the progression and perpetuation of the human species into the age of automation.
- That the current state of the web is such that, we are using/repurposing outdated tech/protocols which is causing a strain on our growth and causing losses for business. To this I also agree to an extent.
- We need to think of revolutionary solutions instead of evolutionary.
- That the ultimate solution is a complete overhaul and replacement of existing tech and methods of which the internet operates.
- They postulate that there is a growing bandwidth crisis and that our demand for information is our pacing the networks we have available. To this I can also agree that in the current day, more devices joining the worlds networks is ever growing. We also must think about the coming age of IoT which is approaching, and fast. We also have to take into account the fact that emerging markets will “leap-frog” western countries tech wise. This is how it works. It has always worked this way and likely always will. So the demands of the existing networks will likely see more strain in the coming years. Keeping in mind the exponential effect of the leapfrog effect, because this ultimately means that when emerging markets do successfully leapfrog and adopt new tech, it won’t just be cellphones in everyones pocket, it will be IoT devices, all connected to the world wide grid.
- Sentivate also argues the point that HTTP and DNS protocols are outdated and cannot scale to meet the coming needs and demands of tomorrow. DNS is not fully trustable. The thing is that right now, we have SSL issuers, they are centralized entities and dictate who is credible and who is not. If they don’t like your content you can be easily shut down. We have new projects trying to combat this (such as unstoppable domains). Sentivate also wants to combat this by radically replacing protocols.
- Sentivate argues that the decentralized approach is a flawed approach and this is where I begin to disagree on some levels.
- Sentivate proposes a hybrid network with both centralized and decentralized nodes working within the same network.
Building a new internet
The project aims to completely replace HTTP and TCP with UDSP.
“UDSP is a UDP based low-latency, real-time, bi-directional, encrypted, and reliable Data Transport Protocol. On the Universal Web all communication, streaming, or transferring of any type of data utilizes UDSP. When visiting a site on the Universal Web UDSP is the protocol used instead of HTTP. Specific UDSP client and server modules are required to visit or host a website on the Sentivate Network. UDSP is the backbone and life blood of the Sentivate Network.” – https://github.com/sentivate/Sentivate-Network-White-Paper/blob/master/WhitePaper.md
Sentivate uses a Universal Domain Name System that issues certificates. Domains also act as wallets which can also mine Viat. A topic that has yet to be explained fully at the time of writing this, as it is not within the contents of the existing white paper.
“Domain certificates provide routing, cryptography, and additional details associated with a hostname. Domain certificates are signed by 3 or more keypairs: Ephemeral, Master, an authorized Domain Registrar & decentralized nodes on the network. In order to establish a successful handshake the domain certificate is required.
The domain’s ephemeral certificate also acts as a wallet which stores funds for any puzzles it distributes to clients. A portion of the mined Viat is sent to the ephemeral certificates wallet address. This topic is covered more in the next white paper for Viat.” – https://github.com/sentivate/Sentivate-Network-White-Paper/blob/master/WhitePaper.md
One area that has me questioning Sentivate’s methods is the regulation and domain name system.
“Domains on Sentivate have full extension names and can have single full names for Trademarked entities. The domain rules and regulations are designed to organize the web, free up domain names for new companies, protect trademarks, limit malicious activity, and make extensions more descriptive.” – https://github.com/sentivate/Sentivate-Network-White-Paper/blob/master/WhitePaper.md
“For example, one can navigate to Amazon by simply typing Amazon into the Sentivate browser. Domain rules are stricter on the Sentivate network. Domain squatting is entirely disallowed, there is a use it or lose it policy. Domain content or service must be relevant to the domain extension. For example, Amazon’s store must use the store domain extension, “Amazon.store”. There are shorthand domain extensions available for certain domains. For example, Amazon’s company website must utilize the company extension, Amazon.company or the shorthand variant Amazon.com. Bitcoin, Ethereum, and Litecoin are cryptocurrencies and sites dedicated to them must use the cryptocurrency extension. However, a news site related to say bitcoin must use the news and or blog extension. Any domain that may have random and or arbitrary content must use the abstract extension.” – https://github.com/sentivate/Sentivate-Network-White-Paper/blob/master/WhitePaper.md
This is where things get a little dicey for my tastes. Some of these rules and regulations are a bit strict. Not being able to buy and keep domains in a free and open market. If you decide to buy a domain, the domain should be yours to do with as you wish, wether or not you decide to actually use it or not.
Domain content and/or service has to be relevant to the domain extension which can also be problematic. One reason this could be problematic is sheerly because of human language. So many things are subjective, humans don’t speak in code and there are certain things that could mean something to me, but mean something totally different to someone else. Who decides this? The central authority?
If we use the above example of Amazon, Amazon would have:
amazon.store (for the online store)
amazon.company or amazon.com which is the shorthand for .company (for the company site)
I believe that individuals should have the option to choose to choose TLD’s as they wish. (But thats just my opinion). I cant see bitcoin.com having to change to “bitcoin.cryptocurrency”, nor can I see blockadvisor.io have to exist as “blockadvisor.cryptocurrency” no more than I can see a website with mixed/general content having a “.abstract” extension. This to me just sounds like something that will not be widely adopted in the grand scheme.
Catching wind of this project might look good on the surface as they have more than 19K in their telegram chat. The chart also has some action. However you will probably want to wait for the pull back before making any moves on this one.
However, the token is only available on 3 small exchanges. Liquidity could become an issue, we will also be later taking a closer look at the team as well (as of writing this we have not yet looked into the team and will update upon doing so.)
With this said there have been chats in the telegram suggesting that the team may not be the greatest line up. Also the recent price action sparks the question of if this could be a hype train pump and dump. I guess time will tell if its an early stage gem or not. However, based on the fundamentals I’m not sure I am convinced it is feasible long term.
Categorised in: Cryptocurrency Markets
This post was written by BlockAdvisor