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Category: Technology

SIX Name Service (SNS) — A Decentralized Naming System on SIX Protocol

Posted on by Baicha Chalermlak

SIX Name Service (SNS) — A Decentralized Naming System on SIX Protocol

SIX_Name_Service

SIX Network launched the SIX Individual Node program for the first round on March 10, 2023, and the second round on March 14, 2023. One of the key benefits of participating in this program is getting a free one-year subscription to SIX Name Service (SNS), which is a decentralized naming system.

This service allows you to register a unique name of 6–25 characters with the “.six” extension. Today, we’ll deep dive into what SIX Name Service (SNS) is and why it’s important for the users.

What is SIX Name Service (SNS)?

What_Is_SIX_Name_Service

SIX Name Service (SNS) is a decentralized naming system that enables users to register human-readable names to their wallet addresses or public keys on the SIX Protocol blockchain. In simpler terms, SIX Name Service (SNS) provides a way for users to easily associate a unique name with their wallet address, which brings simplicity to the blockchain experience and makes it easier to make a transaction on the blockchain.

 

Traditionally, sending cryptocurrency involved copying and pasting a long, complex wallet address, which could be prone to errors. With SIX Name Service (SNS), users can instead register a name that is easy to remember and share, making the process of sending and receiving cryptocurrency much simpler and more user-friendly.

 

With SIX Name Service (SNS), users can register a unique name with 6–25 characters with the.six extensions. The name is owned by the users who register them in a certain period of time (1 year) and is unique, which means that each public key or wallet address can register with one unique SNS.

Benefits of SIX Name Service (SNS)

Benefits_Of_SIX_Name_Service

Registering your name or business name on SIX Name Service (SNS), has several benefits, including

 

1. User-friendly

Instead of relying on long and unreadable complex text as a wallet address or public key, you can register a name that is easy to remember and share. This makes it easier for you and other users to receive and send digital assets and recognize each other by name.

 

2. Branding and marketing opportunities

Registering your business name on SNS can help you establish a unique online presence and brand on the SIX Protocol blockchain. This can help you reach a wider audience and potentially attract new customers, leading to an opportunity to expand in the blockchain ecosystem.

 

3. Protection against name squatting

By registering your name or business name on SNS, you can prevent others from registering it and potentially using it for fraudulent purposes such as identity theft or phishing. SNS names are unique and owned by the users who register them, giving you full control and protection over your name.

 

Overall, SIX Name Service (SNS) offers a user-friendly, secure, and efficient way to interact with the SIX Protocol blockchain, providing several benefits for individuals and businesses alike.

How to use SIX Name Service (SNS)

How_to_use_SIX_Name_Service

SIX Name Service (SNS) is currently free for one year for SIX Individual Node program participants which you can easily purchase at https://sixprotocol.com/become-a-node.

 

To purchase SIX Individual Node and use SIX Name Service (SNS): you can follow these steps

SNS_How_to_1

1. Purchase a SIX Individual Node by going to https://sixprotocol.com/become-a-node and clicking “PURCHASE NOW” in the Individual Node section

SNS_How_To_2

2. Choose your desired name, which can either be a name you select yourself (between 6–25 characters) or one generated by the system.

 

3. Input the number of nodes you want to purchase.

 

4. After entering the necessary information, the system will automatically generate your SIX Name Service (SNS) and you will receive a free one-year subscription to use it. This service is included with the purchase of your SIX Individual Node.

 

When a user registers a name on the SIX Individual Node program, the name is stored on the SIX Name Service (SNS) along with their wallet address or public key. This creates a permanent link between the user’s name and their address, which can be used to identify and interact with smart contracts, tokens, and other resources on the SIX Protocol blockchain.

SIX Name Service (SNS) and the Future of Web 3.0

SNS_and_Web3.0

As more and more people and businesses adopt blockchain technology, SIX Name Service (SNS) will become an essential component of the Web 3.0 ecosystem. Its ease of use, security, and branding opportunities make SNS a valuable tool for anyone looking to establish a presence on the blockchain. By embracing SIX Name Service (SNS), we can help accelerate the adoption of Web 3.0 and build a more decentralized world for everyone.

 

you can easily purchase one at 👉 https://sixprotocol.com/become-a-node. And if you have any questions, our support team is ready to help. Just reach out to us on Discord and open a support ticket.

Don’t miss out follow us at:

Chalermlak Woraurai
Chalermlak Woraurai

Experience the magic of Blockchain with SIX Network!

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SIX Network Is Ready to Upgrade SIX Bridge and Individual Node Program: The Schedule and What to Prepare

Posted on by Baicha Chalermlak

SIX Network Is Ready to Upgrade SIX Bridge and Individual Node Program: The Schedule and What to Prepare

We would like to announce that SIX Bridge will be an updated bridge feature to the SIX Protocol chain and Individual Node Staking will be available for you to join very soon. Today we would like to tell you the upcoming schedule of the updates and what to prepare.

 

SIX Bridge Major Update to SIX Protocol Chain

There are 2 major updates coming to the SIX Bridge. On March 1, the SIX Bridge will be upgraded and the bridge feature to the SIX Protocol chain will be available. With this upgrade, you will be able to use the bridge feature to bridge your SIX Token to the SIX Protocol to prepare for joining the Individual Node program. 

 

In order to complete the upgrade, there will be maintenance occurring from 12 PM to 3 PM (GMT+7) on March 1. During that period, the bridge will be temporarily unavailable until the major upgrade is completed. We apologize for any inconvenience this may cause.

 

We suggest you prepare for the upcoming Individual Node program by preparing to bridge your 20,000 SIX Tokens to the SIX Protocol chain when the upgraded bridge is launched. We will provide you with detailed instructions on how to do this soon.

 

Check out: https://bridge.six.network/

 

Individual Node Launch

Individual Node Program will be available on March 10. For individuals who want to support the SIX Protocol network by running a validator node. To ensure the security and performance of the SIX Protocol, SIX Network uses a proof-of-stake consensus mechanism that requires validator nodes to process and validate transactions.

 

By running a validator node on the SIX Protocol, investors can earn rewards in the form of SIX tokens while contributing to the overall security and performance of the network. 

 

To become a SIX Network individual node, investors must stake an initial deposit of 20,000 SIX tokens for each individual node. Individual node staking is a unique and rewarding approach to staking that offers significant benefits for investors looking to support the growth and development of the SIX ecosystem. 

 

Benefits of Participating In Individual Node Program

Being an Individual node staking provides benefits such as improved network security, involvement in the network’s operations, and earning rewards in SIX tokens. 

 

Running a validator node enhances the SIX Protocol’s infrastructure and helps to protect it from fraud from the more decentralized consensus method Moreover, Validators receive rewards based on their performance and it is a rewarding way for investors to support the growth of the blockchain industry while earning rewards.

 

Be Prepared for Updates

In conclusion, Two important updates are being rolled out which will introduce new features and improve the overall user experience for users and the utility of the tokens and network.

 

SIX Bridge Maintenance on Mar 1, 2023

SIX Bridge will be undergoing maintenance on March 1 from 12 PM to 3 PM (GMT+7). This maintenance is necessary to implement upgrades to the bridge. Once the maintenance is complete, you will be able to use the new features of the upgraded bridge. If you are planning to bridge to the SIX Protocol chain, be sure to do so after the maintenance period has ended.



Launch of Individual Node Program on March 10

SIX Network will launch the Individual Node Program on March 10, which will enable users to become a part of SIX Protocol’’s infrastructure and earn rewards. If you are interested in joining this program, you should prepare to bridge your 20,000 SIX tokens to the SIX Protocol chain when the upgraded bridge is launched. By doing so, you will be able to participate in the Individual Node Program easily on the launch date.

 

We will provide detailed instructions on how to bridge your tokens and join the Individual Node Program soon. Stay tuned for more updates on this exciting new development.

 

You can get news and information about SIX Network here:

SIX Network Official Medium: https://medium.com/@sixnetwork

SIX Network Official Website: https://six.network/

SIX Protocol Official Website: https://sixprotocol.com/

Facebook: https://www.facebook.com/thesixnetwork

Twitter: https://twitter.com/theSIXnetwork

Discord: https://discord.com/invite/5gJQCXzcWf

Linktree: https://linktr.ee/Sixnetwork

Don’t miss out follow us at:

Chalermlak Woraurai
Chalermlak Woraurai

Experience the magic of Blockchain with SIX Network!

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Blockchain as Explained in 2022

Posted on by Administrator

Blockchain as Explained in 2022

blockchain-2022

Table of Contents

Hello there SIXers, I’m a writer at SIX Network and today I’d like to talk about the topic, in overview, of blockchain as explained in 2022. Three years ago blockchain was perceived differently from today’s blockchain definition. It changes fast and revolves around the trend of DeFi, NFT, and Web 3.0 during the past years.

 

The core of blockchain can be explained under many circumstances such as perspective from end-users, corporate, and key product managers, just like SIX Protocol that was launched early in 2022.

Simple Blockchain Guide

 

Spending time reading this article will save you tremendous time questioning while diving deeper into the technology, whether you’re interested in cryptocurrencies or how blockchain works.

 

A blockchain is basically a block tied up together into a long chain. Each block contains digital information and each block relies on the one before. The first working example of blockchain is Bitcoin. It was invented because of the inefficiencies of centralized banking institutions.

 

The specific characteristics of being decentralized make blockchain different and incredibly efficient to use. 

Who runs the blockchain?

Yes, blockchain is decentralized with no custodian, but with no miners there would be no computers running the network and no way to conduct transactions with it. Miners are essential to make the blockchain operational then they are distributed with reward for finding the next open-source block to continue blockchain. This type of algorithm is known as Proof-of-Work (PoW).

 

To this point, this is one example given to you to understand the function of it. And there are several algorithms blockchain uses for running the protocol like: Proof-of-Stake (PoS), Proof-of-Authority (PoA), and Proof-of-History (PoH) for instance.

Storing Blockchain

Continuing with PoW example, the storage conducted by nodes refers to computers storing a copy of the blockchain. It differs from miners where they validate transactions and send back and forth the information for other nodes and miners.

 

To build up the next block, miners are to confirm the block and then add it to the previous block in the blockchain. But how will the chain be created, you might wonder? The series of blocks must be validated. Now nodes will take charge of verifying all transactions, sending the new blocks to other nodes holder as a new copy.

 

Furthermore, I would like to introduce a protocol you might want to have a glance at powered by SIX Network. SIX Protocol chain will contribute to the community in many ways whether business or individual to have access to a friendly protocol.

SIX Protocol as The Chain of Choice 

SIX Protocol is a determinant extension that serves as a blockchain for individuals and the business sector. The protocol is designed to assist projects and businesses enabling the power of Web 3.0. 

 

There are many blockchains to choose from, why is the SIX Protocol beneficial for enterprises and individuals?

It is a notable point to start a mainnet that has the ability to connect with multiple blockchains. The infrastructure feasibility for projects and businesses to create new scalable decentralized apps.

 

Mentioning one of the SIX Protocol’s Toolkits, Token Autonomy Management allows users to create and manage their digital assets whether it is a cryptocurrency or NFT so-called Initial Asset Offering (IAO) service.

 

Governance token on SIX Protocol is fueled by SIX tokens which is the cryptocurrency used for spending transaction fees, governing the system, and redeeming the services on SIX Protocol.

SIX Protocol’s Validation System

Proof of Staked Authority or PoSA is backing up the security system throughout the SIX Protocol chain. It requires verification and approval by the majority of network nodes to validate a new block of transactions.

 

Validators are prone to keep transactions in the blockchain running, it is the most reliable and secure consensus algorithm. SIX Protocol’s Node Validators are selected as trustworthy entities to secure nodes. 

 

NFT Gen 2 by SIX Network 

On top of that, SIX Protocol is eager to introduce the data layer made definitely for NFT. NFT Gen 2 is the on-chain solution of SIX Protocol to enhance the real utility of the NFT for business use.

 

The property for cross-chain functioning on SIX Protocol makes it easy for businesses to transfer NFT for any existing collection of the chain. One interesting feature is the ownership oracles that can screen for original content. Better suited for businesses and brands to be able to verify the ownership even though the NFT Gen 2’s metadata on SIX Protocol can be modified will serve the needs of business campaigns and activities.

 

Learn more >> https://sixprotocol.com/

Summary:

 

SIX Protocol will become an alternative chain of choice for businesses needing to implement Web 3.0, bringing off-chain business to come to the blockchain side of the internet. Implementing SIX Protocol’s toolkits will ease the process of tokens or NFT issuing with the property of cross-chain functions.

 

Therefore, blockchain technology is not something complicated if you understand the working system and the components of a blockchain. Though it evolves in many ways from layer 2 or side chain, all in all, blockchain technology mainly concerns peer-to-peer transactions cutting out intermediaries and inefficiencies.

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We are fascinated to hear from you about your on-chain project, email us if SIX Protocol is your blockchain of choice Email: business@six.network

Don’t miss, out follow us at:

Napathsorn Unchit
Napathsorn Unchit

Content Marketer Specialist
Prepare to fly higher with the new technology and innovation that SIX Network will provide!

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