Universal Name Service
  • 🧰introduction
    • Executive Summary
    • Background
      • Competitive Landscape
    • Introduction
  • 🛞How It Works
    • Multi-Chain Registration
    • Seamless Transfers
    • Integrated Token Swap
    • Automatic Bridging
    • Contract Registration
  • ⚙️Technical Architecture
    • Smart Contract Architecture
      • A. ERC-721-Based Name Ownership
      • B. Custom Smart Contracts for Non-EVM Chains
      • C. Resolver Contracts
      • D. Integration with Decentralized Identity (DID) Standards
    • Name Resolution and Identity Management
      • A. Name Resolution Mechanism
      • B. Identity Management through Decentralized Ownership
      • C. Integration with Decentralized Identity Protocols
  • 💰Tokenomics
    • Tokenomics
      • Utility of $UNS
      • Token Allocation
  • 🚩Roadmap
    • Roadmap
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  1. introduction

Background

As the blockchain industry continues to expand, a multitude of independent blockchain networks has emerged, each with its unique set of protocols, consensus mechanisms, and ecosystems. Major networks such as Ethereum, BNB Chain, Solana, and Base have developed their own communities, decentralized applications (DApps), and digital assets. This growth has allowed users to explore diverse financial opportunities, from decentralized finance (DeFi) to non-fungible tokens (NFTs) and various forms of decentralized governance. However, this proliferation has also led to significant challenges in managing digital assets and identities across multiple blockchains.

One of the core challenges facing blockchain users today is the lack of a unified system for managing wallet addresses. Each blockchain requires its own wallet address, which is typically a long string of alphanumeric characters. For users engaging across multiple chains, this results in the cumbersome process of managing and remembering different addresses. This complexity not only affects individual users but also businesses and developers who seek to build solutions that interact with multiple chains. It creates friction in daily transactions, increases the risk of mistakes, such as sending assets to incorrect addresses, and adds to the overall complexity of blockchain interactions.

Moreover, as blockchain adoption grows, there is an increasing demand for solutions that can facilitate seamless transfers between different blockchains. Many users now expect to be able to move assets across networks without having to rely on third-party bridging services, which often involve significant transaction fees, time delays, and technical complexity. Traditional cross-chain solutions typically require users to manually use bridging protocols or centralized exchanges, which can be time-consuming and carry the risk of security vulnerabilities. The lack of user-friendly, decentralized alternatives has left a gap in the market for a more intuitive, integrated approach to managing blockchain identities and cross-chain transactions.

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Last updated 4 months ago

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