Let R be a domain that is not a field. R is Noetherian and local, and the maximal ideal is principal. Then R is called a "Discrete Valuation Ring". Further, if $(t)$ is the maximal ideal, then $t$ is the uniformization parameter.
This is from Fulton's Algebraic Curves, question 2.24 (b).
Show that $\{F/G\in k(X)\mid \deg(G)\geq \deg(F) \}$ is a Discrete Valuation Ring, with uniformization parameter $t = 1/X$.
To do this I want to show that it is a Noetherian ring first, but even if it were a Noetherian ring, I don't see how $(1/X)$ is the maximal ideal.
For if $\alpha/\beta$ is non-unital, we can take $\tfrac{X}{(X+1)(X+2)}$ and this will not be expressible as $ut^n$ for unit $u$ and nonnegative $n$, if I am not mistaken.
For $f\in k[X]$, $\deg(f)$ is the order of the pole at $\infty$
For $h=f/g \in Frac(k[X])$ then $v(h) = \deg(g)-\deg(f)$ is a discrete valuation on $k(X)$
and $O_v=\{ h \in k(X), v(h) \ge 0\}=k[X^{-1}]_{(X^{-1})}$ is a DVR with uniformizer $X^{-1}$ of valuation $1$.
$k(X)=O_v[X]$ means it is a PID with ideals $(X^{-n})$ so it is noetherian