EOS Names

EOS Names (http://eosnames.net) is fully de-centralized, 100% trustless marketplace for EOS account names.

In Ethereum and Bitcoin (and many others), uniqueness is identified by an address. The address is the public key of an asynchronous cryptographic key pair. The owner(s) of that address is (are) whomever has access to the private key that matches the public key. EOS is different.

EOS account names are the unique identifiers in EOS. It is a 12-digit (or less) string of lower case characters of a-z and 0-5. Accounts are how EOS (and other tokens), RAM, CPU, and Network are assigned and governed on the platform. Each account, upon creation, is assigned an OWNER and an ACTIVE key pair. The public key is available for anyone to see, and the private key is what is used to sign transactions on behalf of that public key. When a transaction is signed accordingly, it is granted the OWNER or ACTIVE authority of that account.

The ACTIVE authority includes the ability to do everything imaginable except for changing the ACTIVE key. That permission is left for the OWNER authority. The intended use case is for the OWNER key to be held offline, under physical lock and key, and only be used when needing to change the ACTIVE key when it becomes compromised. The OWNER key can also be used to sell the account.

How is an account sold?

When an account is listed for sale on EOS Names, the keys are changed to the keys of the EOS Names smart contract. This ensures that the account is protected by the Dapp and tokens cannot be transferred out of that account's possession. Then, when an account is sold, the Dapp collects the funds from the buyer, sends them to the sender, and changes the keys of the sold account to those of the buyer. This ensures fully automated, transparent, trustless transactions between buyers and the sellers.

What if the account is not sold?

At anytime, the account that listed the account for sale can de-list it at no charge. When de-listed, the keys are set back to the keys of the seller. No other account is allowed to de-list the account from EOS Names.

What can I do with an account?

Since accounts can be no longer than 12-characters, and they must be unique, they are inherently scarce. This makes them similar to domain names in that if you register one that will later become popular, you can sell it. You can also pre-configure that account specific balance of tokens to represent an investment strategy. As games become more popular on EOS, we believe that gamers will be able to "unlock" levels, worlds, or achieve access to certain characters, based on their EOS account name. EOS Names allows account owners to then generate value for their hard work by selling them to those interested in those experiences.

What is next for EOS Names?

EOS Names has an ambitious road map that includes account rentals, account auctions, and account subscription tools. Join our Telegram group and let us know what you'd like us to work on: https://t.me/joinchat/GxHoQgzMRLUp7n6xUR3iIw

Who developed EOS Names?

EOS Names was developed by Digital Scarcity, a blockchain development organization that builds Dapps on EOS. See more at http://digitalscarcity.io.