Recently, I heard that many people are discussing how BitDNS challenge ethereum is becoming more possible. After a detailed analyzing of the problem I understood that this challenge is more than real. Let me explain you how BitDNS can challenge Etherium.
BitDNS mainly focuses on simplifying the blockchain domain name resolution
According information taken from BitDNS media, BitDNS is the core infrastructure of the distributed Internet. BitDNS aims to solve the domain name resolution problem of the next generation Internet. In the BitDNS network, users can be absolutely autonomous and their domain names will be completely decentralized. BitDNS builds its distributed domain names through infrastructures like BitUID, wallets, routers, and etc. In addition, BitDNS's wants to connect most mainstream public chains, mainstream engineering technologies such as: IPFS technology, Etherum, EOS, Fabric, R3, IPv8 technology and form the super hub of the next-generation distributed Internet-DWeb4.0 technology.
Ethereum launched ENS a few years ago. The full name of ENS is "Ethereum Domain Name Service". It is a scalable, distributed and open naming system based on the Etherium’s blockchain. However, although ENS is backed by Ethereum, it still limits its application fields. Compared with BitDNS's cross-chain design, ENS has a very narrow application field. BitDNS is more practical than Ethereum's ENS.
Unlike from traditional domain name resolution systems, BitDNS features are more precise
The white paper released by BitDNS can display all basic domain name resolution functions. BitDNS, is a distributed domain name resolution system, which connects the underlying mainstream value of the network and the upper layer of the traditional Internet, thereby technology can help the traditional Internet to achieve complete "decentralization".
ENS is indeed very well-known, but the functions they support are indeed very limited. They only serve users on Ethereum, which can’t fulfill the current large-scale blockchain needs. Many people may ask that the current implementation of many blockchain functions is mainly based on Ethereum, so the domain name resolution system based on Ethereum is understandable and can achieve the fastest benefits. However, in the long distance, the development of blockchain will usher in a broader market.
So let’s see what does DNS aims to do?
BitDNS will build a super hub which will connect the Internet data and the value of blockchain. BitDNS is a domain name resolution system; it may realize one-click decentralization in the future, allowing users to enter the blockchain world from the traditional Internet with one click.
There are also many practitioners who have suggested that BitDNS is carrying out a connection function under the banner of a blockchain domain name resolution system. BitDNS will implement a decentralized cloud computing platform. The platform services will include: elastic computing, edge computing, Internet of Things, distributed AI computing, distributed application components. Platform application scenarios include: websites, APP servers, forums, blogs, chat tools, cloud computers, cloud live broadcasts, cloud games, e-commerce/O2O, etc. Among them, domain name resolution is the core component and key interconnection tool for the realization of decentralized cloud computing platform.
BitDNS ambitions are really big