BNS(Bitcoin Name Service) is the very top layer of Rings Network. It provides an Ethereum private-key-compatible DID (decentralized identity) for both blockchain-based and non-blockchain-based apps.
You can register your own BNS like satoshi.btc, frank.btc, or uniswap.btc. It will become your personal ID in the Web3 world where .btc is a fundamental tool kit. On its way to becoming the industry standard for future webDIDs, .btc enables you to communicate, play and interact with users on all web chains with no barrier.
The Chord Algorithm
Leveraging the Chord algorithm, Rings Network is able to specify the accurate locations of keys, how new nodes join the system, and how to recover from the failure (or planned departure) of existing nodes.
25 marzo, 2023 10:16 pm local time
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