SuiNS (NS): Importance of Naming Service on Sui Network

Sui Name Service (SuiNS) simplifies Web3 interactions by transforming long, complex blockchain addresses into easy-to-remember names while offering unique features like the user-friendly @name format. Additionally, subnames allow organizations and communities to create structured, customizable identities for their members. With community-driven governance at its core, SuiNS is shaped by its community and evolves to meet user needs. With ongoing development and the growth of its community, SuiNS plays an important role in the future of Sui.

 

The importance of naming services

 

Traditionally, blockchain addresses are strings of alphanumeric characters that are difficult to remember. The complexity associated with these complicated addresses often leads to inefficiencies and, at times, even costly errors. Name services, such as SuiNS, help make onchain accounts much simpler to remember and use, allowing users to register specific names to addresses on Sui. 

 

There are two formats for SuiNS names, both of which are equivalent and interchangeable. SuiNS provides both the traditional Web3 format (name.sui) and a more Web2-friendly format (@name), giving users to flexibility to choose the format that best suits their preferences or use case. This dual approach enhances accessibility and smoothens the transition between Web2 and Web3 environments.

 

SuiNS simply maps names to addresses

 

A typical blockchain address looks something like this: 0x02a212de6a9dfa3a69e22387acfbafbb1a9e591bd9d636e7895dcfc8de05f331. With SuiNS, users can replace a complex address with an easy-to-remember name such as @user1.

 

It’s important to note that SuiNS names are simply identifiers associated with a Sui address. This means if a name is deregistered, the Sui address and account remain unaffected. 

 

Layered naming with subnames

 

Beyond simple one dimensional naming, subnames can be created from SuiNS names. Subnames are nested under a primary name but can have their own distinct ownership and autonomy. This allows organizations to give members unique identifiers, all under a primary SuiNS name. 

 

An esports team could register a primary SuiNS name like @team and then assign individual subnames to each team member, such as player1@team, player2@team, and so on. Similarly, an organization might want to compartmentalize its onchain activity by creating specific subnames, like events@company or finances@company. These subnames can also be extended to create more detailed structures, such as creating subnames for individual team members, such as alice.finances@company and bob.finances@company.

 

The flexibility and scalability of SuiNS extends far beyond individual users. Subname capabilities empowers organizaitons and communities to structure their onchain presence in a way that reflects their unique needs. By offering this level of customization, SuiNS ensures that name within Web3 can not only be simplified but also adapt to a wide range of use cases.

 

Community-driven governance

 

As a cornerstone for an accessible Web3 ecosystem, a blockchain name service like SuiNS should be a treated as public resource, designed to empower and benefit all users. For a public resource to thrive sustainably, governance must be decentralized, ensuring that the continued development of the protocol reflects the needs of the community. This is how community governance becomes a crucial part of SuiNS’ success.

 

Through the use of the NS token, SuiNS users can participate in governance and have a direct impact on the protocol’s development and evolution. Community members can participate in SuiNS governance by using NS tokens to vote on proposals. The more tokens an individual holds, the greater their voting power. Additionally, tokens can be locked to increase their voting power, allowing those that are long-term aligned with SuiNS to achieve greater influence on governance proposals.

 

Governance proposals will cover a wide range of decisions, such as the introduction of new features, protocol upgrades, and how treasury funds are spent. Each proposal will allocate a set number of NS tokens as rewards to governance participants, distributed across all the votes cast during the voting period. For example, if a wallet holds 100 NS tokens, that wallet will cast 100 votes in a proposal, and the rewards will be equally distributed among all votes cast. This ensures a fair process where every token used in voting counts toward shaping the future of SuiNS.

 

Active participation in governance is essential to ensure that SuiNS continues to grow and evolve in line with the community’s needs. While onchain governance is a powerful tool, it relies on an engaged community to drive meaningful change. This collaborative decision-making process is not only a pillar of decentralization but also key to ensuring that SuiNS remains a sustainable public good for the long term.

 

Purchasing names and using NS

 

To obtain a SuiNS name from https://suins.io/, follow these steps:

1. Search for an Available Name: Use the SuiNS website to check name availability and view the listed price. Alternatively, SuiNS names can be found on secondary marketplaces. 

2. Choose Registration Duration: Select the desired registration period (1-5 years), with the total price adjusting accordingly.

3. Complete the Purchase: Sign and submit the transaction to finalize the registration, and, if desired, set the name as default. Setting a name to default means that it will be associated with the address purchasing.

4. Manage Your Names: You can own multiple names, but only one can be set as the default for use in apps and transactions. Names and subnames that you own can be registered to other accounts, even those that you are not in control of. Names are like any other NFT, meaning that they can be transferred and traded if desired.

 

Pricing for SuiNS names is based on the length of the name, with shorter names commanding higher prices. At the end of the registration period, users can choose to renew their name or let it return to the marketplace. NS tokens provide a discount for purchasing SuiNS names, offer users the ability to lock in a fixed price for a name, and avoid potential price increases.

 

Shaping the future with SuiNS

 

As SuiNS continues to evolve, its flexibility and community-driven governance pave the way for a more seamless and customizable Web3 experience. By empowering users with both simple names and depth with subnames, alongside the ability to actively shape its development, SuiNS is set to redefine how we operate in Web3.