Posted in: Press Releases
Published:
March 5, 2020 12:38 AM UTC

RIF Name Services: Easy to Remember Wallet Addresses

The RIF Name Service (RNS) is the first domain name service (DNS) to manage domains from any blockchain available.

For many people, blockchain technology can be very difficult to understand. One of the main challenges when dealing with crypto-assets is the interaction with multiple addresses that are difficult to manage and remember. Wallet addresses are usually just a bunch of letters and numbers compiles, which makes no sense to the human mind, and are almost impossible to remember.

The RIF Name Service (RNS) is the first domain name service (DNS) to manage domains from any blockchain available. Similar to what we use to identify our web pages or our email addresses, the RNS can help us identify any crypto wallet through a much easier name.

Specially designed to bring a much needed user-friendly experience to crypto wallets, RNS provides an architecture that enables the identification of blockchain addresses by human-readable names or aliases. It can be used to identify other personal resources, such as payment or communication addresses.

The RIF Directory Protocol allows users to acquire commercial domains that can be associated with decentralized or centralized resources such as webpages, or an alias that can be uniquely associated with personal resources (e.g. wallet, storage, or communication addresses).

Advantages of RNS

  • Improves the blockchain platform’s user experience with multiple resources associated with a human-readable name.
  • By adding a name resolution service, or “alias”, the probability of errors is significantly reduced.
  • As resource names may change over time, the system is flexible to support frequent changes.
  • Reduction of the apparent complexity of blockchain technology for the end-user.
  • It can be used in wallets, exchanges or dApps to handle user-friendly names instead of complex addresses.

How do I get a .rsk name?

The .rsk domains can be acquired via RNS Manager. This dApp allows the purchasing of a .rsk domain name, as a DNS domain. Just type in the name to do a basic search for the availability, and if it is available, you can register it. If you want to learn more details about the RIF name registration process, you can check this post for more information.

You can use any web browser wallet but it is recommended to use the Metamask wallet to set it up with the RSK network. Another good option would be the Nifty wallet. RNS uses the RSK blockchain to maintain and control access to the name information. Therefore, RSK blockchain ensures the decentralization and security of the RNS data.

The name registry is interpreted as a tree. The root of the tree has control of all possible top-level domain names or TLDs. The children of the TLDs are called domains. In addition, children of domains are called subdomains.

But How Does It Work?

Let’s use a simple example with two users were Bob wants to send money to Alice:

  1. First, Alice sends her RSN name to Bob (alice.rsk).
  2. Then Bob can simply use alice.rsk as the wallet address and press the send button.
  3. The wallet will look up this name in the RNS Registry and proceed by using the address information obtained.
  4. Once located, Bob’s wallet will send Alice the money.

Are Ethereum Name Service (ENS) And RIF Name Service The Same?

The Ethereum Name Service (ENS) is similar to RNS as it provides a human-readable name to identify addresses but with the important difference that ENS only works on Ethereum’s network. Like RNS, ENS gives wallet addresses or smart contract addresses its own domain, making it easier for people to remember.

The main goal of RIF Storage is to facilitate the use of Blockchain technology by making it available for everyone in the most simplistic way possible. Through the usage or the RNS, users will be able to provide their desired domain names to wallet addresses.

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

Last modified: March 5, 2020 7:44 AM UTC

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