Although Bitcoin protocol is described as a simple method to solve the problems puzzling digital currency and traditional currency system, some aspects of the project violate the central idea of technical design: "Keep it simple, ∞ is also referred to as KISS"

Of course, this is most obvious in the design of Bitcoin addresses: 27 to 34 alphanumeric characters provide privacy and security, but it does not allow users to easily exchange payment information. In addition to the sometimes troublesome QR code technology.

This is why the onenote name solution eliminates this pain point and replaces the lengthy Bitcoin payment address with a more streamlined social solution. Once registered on onename, payment is as simple as adding a plus sign in front of the user name (e.g.+pete_rizzo_)

When logging in, all users must save their e-mail addresses and select their user names. Many people have already done so. Onename can interact with users like this Fred Helm, co-founder of Cobamba, and Ben Dulger, a member of the Customs Foundation.

Although onenames looks simple at first, its background is much more complicated. Onename is not an application or a company, but an open source protocol created based on namecoins. You can create your own applications.

When it comes to developers Muneeb Ali and Ryan Shea, onenames aims to let users regain control of their data from centralized companies such as Facebook LinkedIn, Twitter and Co.

Ali explained: "When people use Bitcoin as a metaphor, they still deposit their money in the bank. The bank or a third party is also a company such as Facebook or Linkein. App developers who want to access this data will not go through these companies."

Onename seems to be ahead of most bitcoin startups: it is looking for a way to replace these influential middlemen.

Onename, Shea indicates that users will regain control over their data and can share it with developers. Without the consent of a third party.

Shea said that onename has received the request from developers such as the intelligence department. Let's go. Customers who want to use the open resource system to create alternative payment systems.

Ali added:

"Any application based on Facebook and other applications can be built on the basis of onename, but it is decentralized in nature. There is no limit at all, and it is completely in the hands of developers."

Today, developers are still limited in application development because large enterprises monopolize this data. He believes that companies such as Whatsapp or Snapchat can grow faster because they can use mobile technology without restrictions and can generate image data. "

Shea said that this is the best example that enterprises can fully access user data. He again pointed out that WhatsApp recently sold only $19 billion.

Operation mode of oneName name

Unlike centralized applications where data is stored in the instance, the data in onename directly enters Namecoin Blockchain. Therefore, onename does not save user data.

Therefore, the user name will be sent to the account owner in the block chain, who can move their private keys to the cold or share them as needed. Therefore, a profile means that everyone can move from one account to the corner of another.

Since onename is based on the Namecoin agreement, each user must pay about 7 cents. Must be updated after 250 days.

There: "We will apply the first update and transfer the user profile. This is going to. 8 months. Then, users must update on the Namecoin client, which may be free or just a transaction fee."

To avoid this potentially troublesome task, onenote name has the function of allowing users to update directly on their own pages.

In addition, onename retains the secret sharing of a backup system, Shamir. The developer told reddit that onename has no private key information, but when users lose data, they can recover the data.

The focus now is on how to use innovation for payment.

Sheikha: "Our goal is to help people. At present, users publish their Bitcoin addresses on the web or Twitter, which is a bit troublesome. What we want to improve is."

Previous results

The first launch was not without challenges. The developer emphasized that everything is still in the development stage.

For example, a user directly retains the name of+Gavin, which of course directly asks the room whether it is gavin Anderson, a Bitcoin developer. The team later reserved the name+gavin anderson for Anderson himself.

Onename is running a system that checks whether the user is also the user they pretend to be. Prevent name abuse through Twitter or Github accounts.

"Simply put, Twitter users can see a message linking to their profile and confirm that they are the same person."

However, the future looks like onename for easy to understand purposes. Developers told us through Reddit that a few wallets are already using onename. They said that the details are based on.