BitDNS Domain Names
Value Internet ＞Information Internet
In the era of value Internet, the value property of the decentralized domain name project BitDNS is highlighted
Nowadays，it has entered the era of coordinated development of information Internet and value Internet.
Currently, information Internet has realized the global information’s transmission, which is relied on hardware and basic protocols such as TCP/IP, ensuring the realization of global information delivery channels .
The value Internet is a new form of the Internet. Through the information Internet, especially mobile Internet technology, the value of funds, contracts, digital goods and services can be exchanged, traded and converted in a point-to-point way between buyers and sellers based on trust and security, so as to eliminate intermediate links, reduce the cost of value exchange, transaction and transfer, and improve efficiency
Value Internet ＞Information Internet
Generally, people call the first-generation Internet as Information Internet. It solved the problem of information spreading and sharing, and realized the interconnection of information, but it did not solve the problem of the authenticity of data and information, and did not satisfy the society’s value exchange、 transaction and transfer needs on the Internet. The Value Internet mainly solves the problem that funds, contracts, digital goods、 services and other value attributes can not be exchanged, traded, and transferred on the Internet. It can also help us deliver value quickly, safely and efficiently on the Internet, just like the information delivery on the Internet.
The value Internet and the information Internet can not be considered simply as substitution relations. The Value Internet is an advanced Internet form emerging with the in-depth application of a new generation of information technology after the maturity of information Internet. By assigning value attributes to the information Internet, it forms a value Internet with functions of both information transmission and value transmission.
By the popularization and development of the Value Internet, the decentralized domain name project BitDNS emerges
Currently, the world is emerging a new round of scientific and technological revolution. New technologies represented by blockchain technology are accelerating the networking, digitization, intelligence and greening of global economy. From the perspective of application, the application of blockchain technology has been extended to many fields such as digital finance, networking, supply chain management, and digital asset transactions. It also promotes the popularization and development of value Internet in different aspects , and fundamentally boosts the updating and iteration of the Internet.
As the infrastructure of the value Internet, BitDNS domain names focuses on providing blockchain domain names and domain name data analysis services for blockchain networks, helping enterprises and individual users to participate in digital asset transactions more conveniently and safely, and to manage blockchain value data information by themselves. The bottom layer of BitDNS connects many mainstream value blockchain, the middle layer is distributed domain name resolution system, and the upper layer is compatible with traditional Internet in a decentralized way, and supports multiple types of distributed websites and DAPPs as its upper layer applications.
Centralized servers have lots of issues recently, so decentralized cloud servers is inevitable.
Recently, the well-known digital currency exchange Huobi experienced a platform’s failure, and contract transactions showed the state of not displayed and not tradable. All functions were not restored until around 8 o’clock the next day. Huobi officially issued a statement that the failure was caused by the third-party server AWS. The data shows that during this bug, digital currencies such as Bitcoin and Ethereum have risen sharply, and the number of contract liquidation were astonishing. Obviously, this bug incident has become a deep memory of many people in the bull market.
The same situation happened last year on November , third-party supplier error of BitMax platform caused AWS account failure, which resulted in users unable to log in. Same happened with many Internet service companies, including audio and video streaming service platform like Roku, software company Adobe’s Spark multimedia production platform, photo album service Flickr, financial technology company Affrim, and etc. The cause of these service failures is the failure of the Amazon Web service .
The continuous bugs of traditional centralized server made relevant practitioners to constantly think about solutions. For this cause, BitDNS has launched a decentralized cloud computing platform that has a large number of decentralized servers, which are characterized by their distributed features. Of course, what needs to be emphasized here is that BitDNS’s decentralized servers are different from BTC/ETH miners. These servers are not used for hash collision calculations. They are also different from EOS/TRON DPOS node servers. These servers do not perform services for consensus and transactions in the underlying blockchain, but for upper-level applications such as DAPPs, which replace the cloud servers that are now heavily used by DAPPs.
The emergence of blockchain has largely promoted the cannotative development of Value Internet. Blockchain technology has the advantages of decentralization, transparency and credibility, privacy protection, traceability, tamper-proof, self-organization, consensus gathering and etc, which makes up for the defect of untrustworthy data and information on the information Internet, and then meets the demand of data and information trust delivery and value exchange、trade and transfer, and also promotes the creation、exchange、transaction and transfer of social value. With the in-depth development and wide application of blockchain technology, the connotative development of Value Internet will accelerate constantly.
During the development, as the infrastructure of value Internet, the importance of BitDNS is self-evident.
