Bictory Finance launches web3 domains on Concordium to simplify transactions on the blockchain
STOCKHOLM, Sept. 15, 2022 /PRNewswire/ — Bictory Finance, a web3 software program know-how firm, tackling security & regulatory issues throughout chains within the DeFi & NFT area, has launched the Concordium Title Service (CNS), a pockets naming system that maps human-readable names to blockchain addresses for a extra pleasant on-chain expertise.
The Concordium Title Service (CNS) permits customers to mint blockchain domains to switch the prolonged string of alphanumeric characters, which serves as pockets addresses, with human-readable and memorizable names, like john.ccd. This enables to simplify transactions and dapp interactions by giving it human-friendly names.
CNS domains may function a decentralized web site area identify. The names on this service have the “.ccd” top-level area derived from Concordium’s token ticker, and it helps single digit and character combos, equivalent to a.ccd or 0.ccd.
“The highest degree area market (TLD), like .com and .io extensions, that are issued and managed by a centralized authority is now being challenged by the open and free market of blockchain domains. For instance, in contrast to TLD domains, a CNS person has full management over the area, with all information stay on the general public ledger, and the power to earn royalties from secondary gross sales,” says Joha Sulaymonov founder at Bictory.
Apart from, the superior CNS domains on Concordium allow an individual’s distinctive ID to have an genuine, web3 id, which might be the dominating issue when decentralized domains develop into extensively adopted.
Registering a website identify on CNS attracts two charges; a yearly subscription price and community charges. CNS domains begin at $10 per yr for a 6+ character area. Domains with fewer characters are priced increased in subscription charges, the priciest being a two characters area which prices $150 per yr. Single characters might be auctioned out. Mint one in the present day at ccd.domains.
Contact
Bictory Finance
Media staff
[email protected]
https://bictory.io
bictory.ccd
Concordium
Maria Amalia Rojas
[email protected]
https://concordium.com
concordium.ccd
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