CNS is live!
What’s CNS?
CNS (Canto Name Service) is a naming protocol that aims to empower Canto and spread the Canto culture. We map human readable names to EVM addresses. The CNS serves as an on-chain identity badge for all the people who share the Canto culture. CNS has been a part of the Canto ecosystem from early days. CNS had the honor to win the DeFi and Infrastructure category of the Canto Online Hackathon #1. We had the chance to dedicate more than four months to CNS before launching, and we now have a long list of features and products we want to bring to Canto. lfg
CNS is live!
CNS is about community, layer 0 is the key layer, we are super grateful towards our early supporters for their patience, we had to postpone our launch a few times, yes, there was some live debugging, and yes, we know it was frustrating. But It was well worth it because yesterday Canto made history. Canto premiered Variable Rate Gradual Dutch Auctions for domain names! We are thrilled that the VRGDAs are working the way we intended to. It is a novel mechanism that came with a mountain of challenges.
CNS hopes the successful implementation of an anti-squatting mechanism for domain name registrations will inspire more projects to use VRGDAs. Anti-squatting mechanism was our core motivation that pushed us to build a domain name registry. ENS is a great registry, but ENS has a love-hate relationship with its earlier backers.
Thanks to VRGDAs, there can only be a love relationship with CNS’ early backers. A core ENS problem was fixed on Canto; that's not a small feature!
Why Canto?
We got attracted to Canto because it has four fundamental benefits:
1/Canto has a “no-VC chain” narrative. CNS is not anti-VC but avoiding the “investors dumping token on retail” part of the cycle is really refreshing.
2/People make their own narrative out of Canto. Canto has no foundation, has no core team, no logo. You make what you want out of Canto.
3/Contract Secured Revenue, this will be a game changer in the coming months. As of right now up to 20% of the on chain fees can be claimed by the contract deployers.
4/The builders chain narrative, the Canto Online Hackathon #5 has already 150 registered builders. Join the fun if you want to build.
Chain activity
Please find few tools that you can use for analytics:
Live debugging
Yesterday, the amount of Canto sent with a reservation transaction was adjusted. Some of you might have noticed that the amount displayed by the UI and the amount showing up in metamask are different. We did not anticipate the early demand for name registration and as such did not account for prices increasing significantly within a few blocks. In response, we updated the amount of Canto sent with a registration transaction. You live, you learn.
Features
Here is what is coming next:
Developer tools so that Canto projects can easily integrate with the CNS
Various UI updates
Already shipped: You can already send $Canto to a .canto address.
Do you even proliferate?
Canto is a project that brings people together. CNS is a social registry. Social signaling on Crypto twitter (CT) goes a long way. Let’s showcase the size of the canto community by displaying our .canto domain names as our friends from UltraSoundMoney agreed to include us in their next domain names ranking. The Canto community has to flip Avalanche, they are currently displaying 378 .avax domain names.
What’s next?
CNS really thinks that Canto will move up from the middle of the second page to the first page of Coingecko. Of course price is not the only measurement for success. TVL, chain activity, innovation, number of wallets, bridge inflow versus bridge outflow are important as well. VRGDAs are a cool experiment delivered by CNS. The pricing of the Canto Name Service is now partially in the hands of the community and we love it.
Reach out to us in DM, if you have any question, please keep in mind that Crypto is crippled by scammers and Canto is not immune to this phenomenon, make sure to stop grifters’ bullets. All the names registered with CNS resolve to .canto .⋐anto and .C@nto. CNS is here to stay and to experiement.