ONUS Name Service (ONS) is the first distributed, open, and extendable naming system on the ONUS Chain, providing decentralized digital identity and ownership to domain holders.
The function of ONS is to convert names that can be read by humans, such as “team.onus,” into names that can be read by computers, including EVM-compatible addresses, addresses for other cryptocurrencies, content hashes, and metadata. With the use of ONS’s “reverse resolution” feature, it is also feasible to link ONUS Chain addresses to metadata like canonical names or interface descriptions.
However, because of the possibilities offered by the ONUS Chain, ONS has a fundamentally different design from DNS, the Internet’s Domain Name System. Similar to DNS, ONS uses a system of domains – dot-separated hierarchical names – in which the domain’s owner has complete control over its subdomains.
Top-level domains, such as “.onus,” are controlled by smart contracts known as registrars, which also define the policies dictating how their subdomains are distributed. Anyone can get domain ownership for their own use if they abide by the restrictions imposed by these registrar contracts. Additionally, ONS allows users to import their existing DNS names for use with ONS. Because ONS is hierarchical, anyone who controls a domain at any level may set subdomains as desired, either for themselves or for others.
ONS is the native token of the ONUS Name Service platform that empowers its holders with the following utilities:
ONS rises 195.833% after 24h, 24h trading volume increased tenfold!
In the past 24 hours, ONS has increased by 195.833% and is currently trading at 709 VNDC, which is 2.4 times the Launchpad price.
With a trading volume of 897.58 billion VNDC, the ONSVNDC trading pair is currently holding the 1 position in Top trading pairs with the highest 24-hour volume on ONUS Pro.