ENS_-_the_road_to_the_permanent_registrar.pdf

Transcript

1. Ethereum London April 2019 Makoto Inoue (@makoto_inoue) “May the 4th be with you”
2. • ENS Introduction and history • Permanent Registrar and Short Name Auction • Migration process Agenda
3. 1. ENS Introduction and history
4. What is ENS? 0x5a384227b65fa093dec...
5. What is ENS? matoken.eth
6. What is ENS? matoken.eth
7. Products and services supporting ENS
8. ENS as a collection of smart contracts • Registry • Resolvers • Registrar
9. https://manager.ens.domains
10. Not just Ethereum Address
11. Registrars • Hash Registrar (.eth) • Reverse Registrar • Subdomain Registrars • DNSSEC Registrar(.xyz/.luxe) From “ENS Domain Rankings: The Most Subdomains” https://medium.com/the-ethereum-name-service/ens-domain-rankings-the-most-subdomains-3b4fc8afe35b
12. Hash Registrar Hash Registrar Registration Method Vickrey Auction # of Registration TXN’s 3 (open, reveal, finalize) Duration 5 Days Renewal Not Required Registration fund usage Deposit
13. Timeline To-Date
14. ENS auction with numbers (https://curiousgiraffe.io/ens)
15. ENS auction with numbers (https://curiousgiraffe.io/ens) • 270k owned • 50k resolver set • 82% squatting rate
16. 2. Introducing Permanent Registrar and Short Name Auction
17. Registration Mechanism Hash Registrar Permanent Registrar Registration Method Vickrey Auction FIFO (fixed amount) # of Registration TXN’s 3 (open, reveal, finalize) 2 (register, reveal) Duration 5 Days ~15 min Renewal Not Required Required Registration fund usage Deposit (0.01ETH~) Fee ($5/y~)
18. Permanent Registrar Fee structure • Pricing ◦ To discourage land grabs and squatting ◦ 3 characters - $640/year ◦ 4 characters - $160/year ◦ 5+ characters - $5/year ◦ Fees paid in ETH ◦ ETH/USD exchange rate set using the DAI USD oracle • Use of Funds ◦ Near Term - Held in ENS multisig ◦ Longer Term - TBD ◦ Tax considerations ◦ Possible uses - funding core ENS team & issuing grants to teams building on ENS
19. New registration manager
20. Short Name Auction • One time auction for 3-6 character names • Reservation process will run before auction • Auction will again be a Vickrey auction • Permanent registrar used for 3-6 character names after auction concludes
21. Timeline
22. Short Name Auction - Proposed Reservation Process • Why? ◦ ENS is more useful the less surprising it is ◦ Less surprising means known projects in the crypto space can get the name that best represents them • Who? ◦ Any DNS domain owner ◦ Domain must have been registered before 1 Jan 2019
23. Short Name Auction - Proposed Reservation Process • How? ◦ Submit an application ◦ Prove domain ownership (add text on subdomain) ◦ Oldest existing DNS domain wins • When? ◦ Begins 60 days after permanent registrar launch ◦ Runs 30 days prior to short-name auction
24. Short Name Auction - Proposed Reservation Process • Criteria, the ENS domain being claimed must be either ◦ Exact match (foo.com -> foo.eth) ◦ Concatenation (bit.fish -> bitfish.eth) ◦ Suffix ‘eth’ removed (asseth.fr -> ass.eth)
25. 3. Migration process • Existing name holders • Third party apps • Additional information
26. What do you need to do? - Existing name holders
27. What do you need to do? - after May 4th 2020
28. What do you need to do? - 28 days locking period
29. What do you need to do? - Third party apps • Resolvers = no change required • Auction Registrars = Migrate
30. Find out more • AMA https://www.reddit.com/r/ethereum/comments/b9vd11/were_the_ethereum_name_service_ens_team_and_ens • Forum https://gitter.im/ethereum/go-ethereum/name-registry && https://discuss.ens.domains • Blog https://medium.com/the-ethereum-name-service
31. Makoto Inoue (@makoto_inoue) May 4th 2019 http://manager.ens.domains