EXIP - A Decentralized Domain Service

cryptoinmind (30)in #exip • 3 years ago

Overview

Today, we can divide the modern technology era into two distinctive periods: before the internet and after the internet, this is how disruptive the World Wide Web has become. The internet boom transformed the way we carry out transactions, communicate, share information, promote business, entertain, study, and so forth.

What is DNS?

The Domain Name System (DNS) is the phonebook of the Internet. Humans access information online through domain names, like nytimes.com or espn.com. Web browsers interact through Internet Protocol (IP) addresses. DNS translates domain names to IP addresses so browsers can load Internet resources.

Centralized DNS has the power to seize, revoke, dismiss, and permanently erase any domain from existence. And they apparently think that they know best about what we should and should not see and read. we should have independence on the internet and we have to make sure it remains independent, and neutral without any outside political bias or affiliation.

EXIP is going to provide real Independence on the internet. ” community should not rent their domains, they should own it”

What is EXIP?

EXIP DNS is blockchain-based, and the owner of the respective domain has full ownership and control of its usage, even the provisioning of new domain names. A Blockchain DNS solution where your domain is identified by an NFT

EXIP is a custom-built echo system to the needs of any individual, private, or government institution. EXIP is a usage token based on the Binance chain. EXIP will be used to buy, sell and auction domains and token holders will get rewarded when domains are purchased.

EXIP Browser

EXIP browser will enable users to access blockchain-based DNS technologies where everything progresses with a zero-knowledge policy, and no one will own the internet but community, only then we can build a genuinely free and open internet. EXIP DNS is blockchain-based, and the owner of the respective domain has full control of its usage, even the provisioning of new domain names and top-level domains (TLD). Giving the security of an intranet meanwhile and providing the connectivity of the internet. EXIP is designed to decentralize the internet and overcome monopolistic control over domain names.

What the EXIP browser aim's to do is provide independence from IANA and ICANN on the internet. Countries and their respective governments should own their domain names. NOT a non-profit corporation in the US, which aids the US government when needed. EXIP browser will enable users to access blockchain-based DNS technologies where everything progresses with a zero-trust policy, and no one will own the internet, only then can we build a genuinely free and open internet.

EXIP NFT Domain

In the EXIP protocol NFT(Non-Fungible Token) or standard ERC 721 tokens are used to track the ownership of a domain. Each domain is an NFT and there can be only one NFT in the EThereum public blockchain in the whole world, where it is universally unique. Initially, the person who creates/mint the NFT owns the NFT(Domain), and thereafter if auctioned the predecessor transfers the ownership of the domain to the successor who buys it.

What is EXIP Token?

EXIP token will be Built on the basis of the Binance chain. Its the compatibility of the token with third-party services wallets, exchanges, etc, and provides easy-to-use integration. EXIP tokens will be used to buy, auction, and sell the domains. Once the domains are purchased by a user, he/she owns them for a lifetime. In case of a domain being in a dormant state, the community can vote and decide to burn the NFT and recreate it for auction.

Usage of EXIP Token

If the community decides to censor a domain or TLD (Top Level Domain), they can do so by acquiring over 51% of the EXIP community vote. Users who own EXIP tokens are eligible for the voting and each token holds one vote. Unlike the traditional DNS system where a single organization decides and shut down an entire TLD within minutes, in EXIP whatever the case, the community decides which domain or TLD has to be on the internet and which ones are to be blocked whatsoever.

Unlike the traditional DNS system users in EXIP can own a TLD (Top Level Domain) which is one of the key characters. Users who own the TLDs can create domains under them and sell or auction them. Users who own the domains own the subdomains as well. Likewise, TLDs also can be sold or auctioned on the EXIP website. Each domain can have multiple children and a parent except the root domain. One domain can have unlimited subdomains where each of them can have its own set of subdomains.

What EXIP aims to provide as security features are of the following:

DNS Spoofing
DNS Hijacking
DNS Flood
Domain Hijacking
Censorship resistance

How does it work?

Once the user either from a web client or mobile client requests for a website, the EXIP browser or browser extension immediately looks up the IP address for the domain name in the local registry. If available it will return the IP address and on request from the browser the webserver would return the HTML files and the browser would render the website. If an IP address is not found in the local registry then the browser would request the IP from the DNS server. The server resolves the IP address and on response, the browser would cache the IP address in the local registry and request for the HTML files from the webserver.

DNS Reservation System

EXIP DNS reservation system is where common EXIP users are able to buy, reserve, sell, auction, and transfer ownership of domains. Users can also host their decentralized static websites via IPFS with a few buttons clicks from the DNS reservation system once they own a domain. Users can access the reservation system via domains.exiptoken.io or via the EXIP website. In the reservation system like other traditional DNS reservation systems such as GoDaddy, users can search domains, subdomains and TLDs.

Once the users have added to cart and checkout on a cart it redirects to user authorization. Users can authorize by signing up with a NIFTRON profile account. Upon completion, the user is navigated back to the cart and the user gets to select which blockchain the domain should be, either Ethereum or Stellar. Users can pay via EXIP coins or fiat. Users don't need to do a KYC

What is NIFTRON?

NIFTRON is a BaaS (Blockchain as a Service) platform that will allow anyone to integrate Blockchain with their projects/products easily and efficiently to improve trust by providing transparency, security, and ownership. NIFTRON is developed in a way that can support any type of blockchain. This will allow Exip to integrate different types of blockchains to issue NFT based domains easily than building each from scratch separately. NIFTRON reduces the cost and the time to integrate with blockchain for EXIP.

Using NIFTRON, EXIP users will gain full control and confidence needed to securely create and store their domain name as well as securely transfer to another user.

Tokenomics

Total tokens: 50,000,000

Token Ticker: EXIP

Initial Token offering : 1,500,000 @ 0.5$

IDO and IEO Sales Offering

Initial Dex Offering : 1,500,000 @ 0.5$

Initial exchange offering 1 : 25,000,000 @0.65$

Initial exchange offering 2 : 12,500,000 @0.75$

Initial exchange offering 3 : 7,500,000 @0.85$

All unsold tokens will be burned at the end of IEO.

Domain Pricing:

The domain price is a lifetime payment and no annual fee will be charged. Also, every token will be able to vote to remove any domains on the internet. In a sense, this could be a governance token also.

Roadmap:

Conclusion:

The internet we know today is not as free and open as it seems. Ever since the creation of domain names, two organizations are responsible for most of their control, IANA (Internet Assigned Numbers Authority) and ICANN (The Internet Corporation for Assigned Names and Numbers). These two organizations have the power to seize, revoke, dismiss, and permanently erase any domain from existence. What the EXIP browser aim's to do is provide independence from IANA and ICANN on the internet. EXIP browser will enable users to access blockchain-based DNS technologies where everything progresses with a zero-trust policy, and no one will own the internet, only then can we build a genuinely free and open internet.

EXIP - A Decentralized Domain Service

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