BTCName

Wiki Powered byIconIQ
BTCName

Social Profiles:

We've just announced IQ AI.

Check it out

BTCName

BTCName is a decentralized identifier (DID) standard designed to record names on the using the Protocol in a plain text format. [1]
GSazq9RXkAAO_7d.jpeg

Overview

BTCName aims to provide a perpetual decentralized identifier (DID) system on the mainnet through the Protocol. Unlike traditional domain names, .btc domains do not require renewals and stay with the owner until transferred. The .btc standard operates without governance, tokenomics, , or , and only requires miner fees. It focuses on community ownership and simplicity, avoiding features like whitelists, bidding, and additional fees.

Ordinals has revived interest in decentralized domain names by enabling text inscriptions on the , starting with the first .btc inscription on February 9. This straightforward system adheres to the "first is first" principle, ensuring uniqueness and community control. Innovations like the .sats domain, which introduced JSON code, contributed to the development of tokens. Despite these developments, .btc domains remain notable for their alignment with decentralized ethos.[2][3][4][5][8]
GOFmy4_WwAA6Y9d.jpeg

6D Meta

6D Meta encompasses 6-digit .btc names ranging from 000000.btc to 999999.btc, which can be minted for free under the "First is First" rule. The first three digits represent vertical coordinates, while the last three indicate horizontal coordinates, aiming to promote fair participation.

The range from 000000.btc to 099999.btc is designated as the ocean, 100000.btc to 899999.btc as open space, and 900000.btc to 999999.btc as volcanic veins. This framework allows users and project teams to develop freely within the 6D Meta system.[7]

See something wrong?

Average Rating

Based on over 3 ratings

How was your experience?

Give this wiki a quick rating to let us know!

Edited By

Profile picture of Anonymous userTara

Edited On

July 16, 2024

Loading...

REFERENCES

HomeCategoriesRankEventsGlossary