DAS Rebranding as .bit
226 days have passed since July 22th, 2021 when the first .bit account was registered. During these days, DAS has grown faster than we expected. More than 40 DApps have integrated with DAS; the number of registered .bit accounts has exceeded 60,000.
During these days, we never stop thinking about what kind of product we want DAS to be. And we think it’s necessary to share our thoughts with the community. So here we are, telling you guys exactly what DAS is by rebranding it as .bit.
What’s new after brand upgrading:
New official website and new account manager;
New domain for official website: did.id;
New brand name: .bit ; DAS is no longer used;
New Github organization name and Twitter username: dotbitHQ.
.bit in our eyes
We want to emphasize some concepts about .bit:
1 .bit is NOT a domain.
.bit is a three-character suffix, which looks like .com/.net. Some people often refer to it as “.bit domain” or “the decentralized domain .bit”. But we need to clarify that it’s NOT an internet domain. It’s NOT our intention to improve the mature domain system we already have, though users can visit centralized websites deployed on IPFS through .bit.
2 .bit is a DID (Decentralized Identity).
DID is one of the key infrastructures of Web3.0. It’s essential for any identity system to have a set of globally-unique and human-readable identifiers. Think of the phone numbers, email addresses and Facebook accounts we have. But they are all centralized identity systems. .bit, a set of smart contracts on blockchains, however, is a decentralized system. On top of providing globally-unique and human-readable identifiers, .bit system allows anyone to register .bit accounts as their Web3.0 identities without a number limitation. The registration can be done WITHOUT permission, and the accounts can NOT be deleted by any third party. So we call .bit a DID (Decentralized Identity) system.
3 .bit is a self-sovereign data container.
You can think of your identities / accounts as data containers. Your Twitter account is your identity in this app, in which all of your data in Twitter is stored. In Web2.0, you have different accounts in different apps, which means your data is distributed. And the service providers can delete or temper your data at any time. You do NOT own your data.
.bit accounts are also data containers, where you can store any type of data. What makes it special is that apps can only read data from it. The only one who can manage the data inside is you yourself. To put it technically, .bit accounts is a Key-Value database. Any application has read access to it, but only the user has write access to it. So we call .bit a self-sovereign data container.
4 .bit serves the entire Web3.0 ecosystems rather than one specific public chain.
We have kept this key opinion the whole time that Web3.0 is much more than just blockchains, and the blockchain doesn’t just mean one specific public chain or EVM-compatible chains. The leading technical architecture of .bit system allows users to manage their accounts with any public chain private key (technically any asymmetric encryption private key). In other words, .bit is able to serve the entire Web3.0 ecosystems rather than one specific public chain. This is the key feature that distinguishes .bit from other naming systems such as ENS or Unstoppable Domains.
5 .bit is a community.
The core of .bit is a set of smart contracts. But the actual .bit is a community consisting of so many roles such as .bit team, registrars, marketplaces, data providers, app developers, end-users, etc. Today, this community has already taken shape and is constantly expanding.
It’s .bit community’s shared vision to help everyone take back their data sovereignty by providing them with their own DIDs. We hope the brand new official website and brand image will convey such vision.
What we have achieved so far:
integrated with public chains such as Ethereum, Tron, BSC, Polygon, Mixin;
integrated with dozens of leading wallets such as TokenPocket, imToken, MathWallet, Huobi Wallet;
integrated with more than 40 DApps such as Jike App, NFTGo, NFTSCAN, WePiggy;
released .bit Alias;
launched the marketplace for .bit;
integrated with IPFS;
cooperated with many third-party registrars;
more than 60k registered accounts.
New functions and features that will be launched in 2022:
Multi-chain: .bit will integrate with more popular public chains, including but not limited to Bitcoin, Polkadot and Solana.
Multi-language: .bit will support registration in any language.
.bit Alias: Users can assign one .bit alias for each popular public chain contract address or ordinary address. This will effectively enhance the security in Web3.0.
Sub-accounts: A .bit account is able to create countless sub-accounts at a low cost. The decentralized and low-cost sub-accounts will serve as an efficient management tool for DAO.
Newly-designed .bit data management tool: Allow users to manage their data conveniently and efficiently. Also, developers can have write access to .bit if authorized by users.
Establishing a system of registrars with global coverage.
Release more accounts for registration. Release previously reserved accounts.
Release more accounts for registration
In consideration of fairness, only 35% of .bit accounts are randomly registrable for now. As .bit integrating with more DApps and .bit’s brand visibility enhancing, we think it’s time to release more accounts. With our brand upgrading, we hereby reveal the plan for accounts releasing.
Plan for accounts releasing:
2022–03–21 12:00PM(UTC+0), release to 40%；
2022–03–28 12:00PM(UTC+0), release to 45%；
2022–04–04 12:00PM(UTC+0), release to 50%；
2022–04–11 12:00PM(UTC+0), release to 55%；
2022–04–18 12:00PM(UTC+0), release to 60%；
Parameters for each release:
release to 40% = 1717986918
release to 45% = 1932735282
release to 50% = 2147483647
release to 55% = 2362232012
release to 60% = 2576980377
The rest 40% will be released gradually according to the number of owner addresses in the future.
Like before, which account names are available is randomly decided by the name themselves. If you want to know whether your favored account name is registrable, you can get the answer by calculating with the above algorithm and parameters.
The registration is fair as the contract is impartial. The accounts that are not yet released for registration are not in the possession of or reserved for anyone in the .bit team. We promise that .bit team cannot register those accounts earlier than any other users. Not releasing all accounts does not help boosting the number of registration, but we still have to do it in pursuit of fairness. Learn more about fairness: https://talk.did.id/t/written-before-the-launch-of-das/334
Thanks for reading .bit Team Blog! Subscribe for free to receive new posts and support our work.