Introduction to BNS (Blockchain Name Service)
Introduction to BNS (Blockchain Name Service)
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Introduction to BNS (Blockchain Name Service)
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BNS, which stands for blockchain name system/service, is the cornerstone of Web 3.0 that eliminates the need to copy or type long hexadecimal cryptocurrency addresses within applications and within smart contracts. It is a protocol on the internet that transforms human-comprehensible decentralized website names, such as ‘yourwebsite.eth’ or ‘mywebsite.neo’, into addresses that can be understood by decentralized network machines.
Portal Network provides a singular decentralized BNS standard across all blockchain protocols, allowing users to move away from challenging hexadecimal addresses to human-friendly text and characters to describe their blockchain addresses. The BNS Standard will support naming everything from wallets and smart contracts, to specific resources in tools like IPFS hosted files and Swarm databases. A world-class and robust name service is sorely needed in the nascent blockchain space, and the potential use cases are endless.
BNS standard is the heart value of Portal Network. Two main products, MUMEI and KAIZEN, which are grouped by user classes, are designed around this core.
Domain Name System (DNS) is one of the foundations of the internet. It maps human readable texts (domain) to numbers (IP address) that computers use to communicate with each other. However, the current domain name system is fundamentally broken. Due to centralization, it had led to unprecedented government surveillance, domain censoring, websites seizing, and relentless hacking on the Internet.
Blockchain came out to deal with this issue, but it is facing the same problem, where a hash is just like IP address, not human-recognizable. Blockchain Name System (BNS) not only allows users to use it as a decentralized web domain name but also a decentralized identity and wallet address. Moreover, due to the architecture behind, BNS does have some other functions that distinguish itself from DNS, including enabling users to send cryptocurrencies, interact with smart contacts, and visit dApps, which drives a new wave of adoption.
More and more projects are participating in the development of BNS applications, for more details, please visit here.
