Enter the world of easy-to-remember .shib domains and secure transactions with our comprehensive guide.
Learn how SNS is paving the way for a decentralized future.
Contents
Shib Name Service (SNS) Goes Live
On October 31, 2023, the eagerly anticipated decentralized ID platform Shibarium, the "Shib Name Service (SNS)," was launched by the Shiba Inu (SHIB) community.
Shiba Inu's official blog made the announcement about Shib Name Service, revealing plans to create 'The HUB,' a super app that would serve as a gateway for user IDs to access services.
What is Shib Name Service (SNS)?
Shib Name Service (SNS) is Shibarium's distributed identity platform that allows you to manage your own digital identity yourself, allowing you to obtain a digital identity of any string of characters ending in the top-level domain ".shib" in NFT format. It is possible to obtain any string of digital IDs ending in the top-level domain ".shib" in NFT format.
Specifically, it is possible to obtain a digital ID such as "myname.shib", and by associating the obtained digital ID with a wallet address, tokens can be sent to the digital ID.
The conventional wallet address is "0x000…". This is difficult to remember and can lead to problems such as erroneous transfers, but with a digital ID, tokens can be sent using a simple ID such as "myname.shib".
It is also explained that SNS has the potential to be used for "other crypto assets" and "decentralized websites" in addition to Shibarium addresses, and is designed to work seamlessly with various apps and services within the Shibarium ecosystem. The Shibarium address is also designed to work seamlessly with various apps and services within the Shibarium ecosystem.
The SNS is purchased by specifying a "desired name" as well as a "purchase period," and it is explained that "the domains currently available are 'IOUs for reserving a domain' and the actual domain acquisition is scheduled to begin in the first quarter of 2024.
Advantages of Shib Name Service (SNS)
Some highlighted features and benefits of Shib Name Service include:
- Conversion of complex wallet addresses into simple names
- A decentralized system without a central authority
- Potential expansion to other cryptocurrencies and decentralized websites
- A secure and safe environment offered by Shibarium
- Reduction of errors in transactions
- Interoperability with various apps and services within Shibarium
- Resistance to censorship due to its decentralized nature
【Transforming Wallet Addresses into Simple Names】
Shibarium's complex wallet addresses can now be translated into human-readable names, improving the overall user experience and simplifying transactions.
【A Decentralized System Free from Central Control】
Operating on the Shibarium blockchain, SNS ensures an absence of central administration, aligning with SHIB's vision of empowering individuals and eliminating reliance on third-party platforms.
【Extensibility Beyond Shibarium Addresses】
The SNS isn't confined to Shibarium addresses—it potentially extends to other cryptocurrencies and decentralized websites, fostering innovation within the blockchain industry.
【The Security and Assurance of Shibarium】
Built upon Shibarium's secure platform, SNS inherits robust security features, ensuring safe transactions for users.
【Error Reduction in Transfers】
SNS minimizes the risk of sending assets to the wrong address—a common concern with traditional wallets—by allowing the use of straightforward, memorable IDs.
【Seamless Operation with Various Apps and Services】
Designed to work seamlessly with multiple applications and services within the Shibarium ecosystem, SNS enhances interoperability and user experience.
【Censorship-Resistant Due to Decentralization】
By registering names on a decentralized platform, SNS offers resistance to centralized control and deletion, empowering users and protecting identities.
【SHIB's identity "Shibdentity】
'Shibdentity' represents a paradigm shift in the world of decentralized ID solutions, focusing on giving individuals control over their digital identities through self-authenticating, decentralized, verifiable credentials, smart wallets, and compliance with W3C standards for self-sovereign identities.
The Importance of 'Shibdentity'
Shiba Inu's official release emphasizes the significance of 'Shibdentity,' which is vital for:
【Self-contained login systems】
A self-contained login system eliminates the need to rely on a third-party company's platform to manage one's digital identity, whether it is Web3-based wallet authentication or a decentralized social login.
【Decentralized, verifiable credentials】
With Shibdentity, credentials and identifying information can be collected and showcased without the need for a centralized organization. These verifiable credential information will be securely imprinted on the blockchain and will be immutable and accessible to anyone wishing to verify.
【Smart Wallet】
Introducing the "On-Chain Self-Managed Smart Wallet" that goes beyond the traditional concept of a traditional wallet, which is mainly focused on simple transactions. hhibdentity will transform buzzwords such as "enhanced security" and "complete control" with enhanced security and complete asset management into tangible Turning them into benefits.
【Compliant with W3C standards】
Because Shibdentity conforms to the "World Wide Web Consortium" self-sovereign ID standard, it is globally recognized and interoperable with other systems. This ensures that "user IDs can be used across a variety of applications and services, not just on a specific platform.
【Reputation/Karma System】
Digital IDs are closely linked to user reputation, and the SHIB team recognizes the "importance of trust in the digital realm. A reputation system integrated with user IDs will record the good deeds and trustworthiness of users, allowing for organic trust building within the community.
The Ultimate Super App Vision: 'The HUB'
The announcement also talks about the vision for the ultimate super app, The HUB, explaining that 'SNS and Shibdentity are not independent projects, but integral elements of our grand vision.
The HUB is intended to be a super app built on the Shibdentity framework, where your identity is "the key to accessing various services," and the HUB will serve as the central point, enabling a seamless, interconnected experience. The HUB will serve as a central point, enabling a seamless, interconnected experience.
P2P Direct Messaging Capabilities
Also included in the presentation is a description of a feature called "P2P Direct Messaging".
P2P Direct Messaging keeps the content of the conversation confidential between the sender and receiver, and it is also explained that "no centralized organization stores or accesses the messages.
Some of the features and benefits of this messaging feature are listed below.
【Enhanced privacy】
Enhanced privacy and security, as conversations are encrypted end-to-end and only the recipient can read the message.
【Reduction of spam】
The reputation/karma system can also filter out malicious or spammy users, keeping your inbox relevant and secure by eliminating spam and unwanted messages.
【Messages are sent directly between users】
Messages are sent directly between users without intermediaries, resulting in faster, real-time communication and a better overall user experience.
【Integration with Shib Name Service】
Shibdentity is seamlessly integrated with the ".shib Name Service," making it easy and intuitive to send messages using the human-readable ".shib" domain.
How to Acquire a Shib Name Service (SNS) ID
The process for obtaining a Shib Name Service ID is outlined as follows (note that currently available domains act as a reservation and actual domain registration will start in Q1 of 2024):
- Connect your wallet to the SNS site.
- Search for the desired name and click to purchase.
- Select the number of years for purchase.
- Approve the transaction.
- Completion of purchase (purchased names can be confirmed on the 'My Names' list).
Details on the purchasing process and more are available on SHIB's official release page and the Shib Name Service official site.
>> SHIB Official Release
>> Shib Name Service Official Site
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