HNDL : Bitcoin Handle Naming System
  • Abstract
  • Table of Contents
  • 1.1 Background
  • 1.2 Objectives
  • 1.3 Terminology
  • 2.1 Core Features
  • 2.2 Fee Structure
  • 2.3 Burning Mechanism
  • 2.4 Events and Logging
  • 3.1 Personalized Web3 Identity
  • 3.2 HNDL Wallet
  • 3.3 Ordinals Inscription
  • 4.1 Limitations
  • 4.2 Risks and Mitigations
  • 5.1 Road Map and Future Enhancements
  • 5.2 Summary
  • 5.3 Contact Information
  • 6.1 Connect to Rootstock
  • 6.2 Register Handle/Sub Handle
  • 6.3 Renew Handle/Sub-Handle
  • 6.4 Sub-Handle Mint Permission
  • 6.5 Transfer Handle/Sub-Handle
  • 6.6 Update Token URI
  • 6.7 Inscribe Handle
  • 6.8 Token Bound Accounts
  • 6.9 Logo's
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1.3 Terminology

Handle: This term designates a unique non-fungible token (NFT) ERC-721, which serves as a personalized identifier appended with a .₿ suffix, also known as the Parent Handle. For example: nakamoto.₿

Sub-Handle: This term refers to a unique NFT ERC-721 associated with a parent handle, distinguished by a .₿ suffix. For example: satoshi.nakamoto.₿

Expiration Timestamp: This timestamp is determined using the block.timestamp for the handle. Subsequently, the timestamps are converted to human-readable dates using an appropriate converter.

Example: Timestamp: 1716958039 = Wednesday, May 29, 2024 12:47:19 AM GMT-04:00 DST

Token ID: This represents the token number associated with the handle.

Fee Recipient: This designates the address responsible for collecting registration and renewal fees.

Ownership Transfer: This denotes the process of transferring ownership of handles from one user to another.

Halving: Registraion/Renewal fees are halved every 8 years until the 9th cycles then resets back to initial.

Token Bound Account (TBA): This concept, as outlined in the ERC6551 standard, attaches a smart contract account to every NFT. This enables it to own assets, execute transactions, and interact with decentralized applications (dApps).

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Last updated 1 year ago