The IoTeX Blockchain Governance Community Votes in Favor of IIP-22 for Simplifying Domain Names
The IoTeX blockchain governance community recently voted with a 94% majority to stake 54 million IOTX tokens in support of IIP-22, aimed at simplifying domain names on the IoTeX blockchain. This move is similar to Ethereum’s ENS and brings several benefits to users.
Key Points:
- Crypto addresses can be long and difficult to remember, leading to input errors. IoTeX aims to make Web3 addresses more user-friendly by introducing human-readable domain names through IIP-22.
- IIP-22, known as INS, allows users to register and manage human-readable domain names for their IoTeX addresses, smart contracts, decentralized websites, and other IoTeX-based resources.
- INS makes it easier to search and navigate the blockchain ecosystem, promoting mass adoption of decentralized services and applications.
- INS provides a unified namespace, enabling the use of the same domain name for multiple services across different dApps and blockchain platforms.
- INS operates on the IoTeX blockchain, ensuring decentralization, security, and user control over domain ownership. It can be seamlessly integrated into popular wallets, exchanges, and decentralized applications.
Hot Take:
IoTeX’s introduction of IIP-22 and the INS domain name service reflects their commitment to simplifying the onboarding process for Web3 adoption. By providing human-readable domain names and empowering users with ownership and control, IoTeX aims to foster a community-driven ecosystem that promotes innovation and collaboration.
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