What is .SOL domain - Solana Naming Service

Table of contents

• Introduction
• Understanding Sol Domains
• Use Cases of .sol Domains
• How to buy .SOL domain?
• .SOL Subdomains
• Twitter Handle with a Sol Domain

Introduction

Solana stands out as a high-performance blockchain platform known for its speed and scalability. Sol domains is an essential component that brings convenience to the decentralized world.

Understanding Sol Domains

Sol domains ".sol", serve as unique identifiers such as ".com" or ".org". They provide a human-readable way to interact with on-chain data.

Imagine you have a Solana wallet address like "abcdef...123xyz". While this address is functional, it's not easy to remember or share with others. Sharing a Sol domain like "goosefx.sol" serves as a memorable alias for your wallet address.

Sol domains simplify the UX by replacing strings of characters with easy-to-recall names. They play a crucial role in decentralized identity management, offering a more user-friendly interface for interacting with the blockchain.

Use Cases of .sol Domains

• Human-Readable Addresses
• Easy Fund Transfers
• Identity Verification

In summary, Sol domains bridge the gap between complex addresses and user-friendly interaction, unlocking a wide array of applications within the Solana ecosystem.

How to buy .SOL domain?

1. Visit https://www.sns.id/ and connect wallet
2. Search for your desired sol domain

3. Click continue cart or ⚡Quick buy.

4. Click 'edit' to edit your storage to 1kb and click update size.
   1. 1kb is enough for non-advanced users (using .sol domains for transactions)
   2. 10kb is suggested for advanced users (to resolve to an IPFS hosted website)

5. Now click checkout

6. Use your desired token like 20 USDC or SOL to buy the domain or use FIDA token and avail 5% discount

Voila! Now you own a .sol domain associated to your sol address.

.SOL Subdomains

Subdomains are like branches stemming from the main trunk of a domain tree, offering a structured way to organize and navigate within a parent domain. In the Solana Name Service (SNS), subdomains play a crucial role in enhancing user experience.

Picture a parent domain like "mydomain.sol". Now, imagine breaking it down into smaller sections. For example, you could have subdomains like "bonk.mydomain.sol" or "degen.mydomain.sol". Each subdomain serves as a unique identifier for a specific function.

Subdomains offer several benefits

• Organization
• Navigation

Creating and managing .SOL Subdomains

If your parent domain is "mydomain.sol" and you want to create a subdomain for your products, you could create "goose.mydomain.sol".

• Visit your profile page on the Solana Name Service website.

• Select the parent domain for which you want to create a subdomain.

• Click on the "Create subdomain" icon associated with the chosen domain.

• Enter the desired name for the subdomain.
• Approve the wallet transaction.
• Once approved, the subdomain will be created and displayed under the "Subdomains" section of your domain.

Manage Subdomains

If you decide to rebrand your products, you can easily rename or delete the corresponding subdomain to reflect the updates.

• Subdomains can be managed from your profile page on the SNS website.
• You can view all your subdomains under the "Subdomains" section of the respective parent domain.
• Modify or delete subdomains as needed to adapt to changes in your organizational structure.
• Subdomains can be used just like parent domains; Sending and receiving funds etc.

In conclusion, subdomains are valuable tools for organizing and navigating within the Solana Name Service. Users can enhance efficiency and create a more intuitive user experience by creating a structured hierarchy of domains.

Understanding different types of Sol Domains

In the Solana Name Service (SNS), users have access to a variety of domain types, each with its characteristics and pricing. Understanding the differences between these types of Sol domains is essential for selecting the most suitable option for your needs.

Overview of Sol Domain Types

• Single-Character Domains
  • Example: "a.sol", "1.sol"
  • 1 character .sol names: $750 USD
• Two-Character Domains
  • Example: "ab.sol", "23.sol".
  • 2 character .sol names: $700 USD
• Three-Character Domains
  • Example: "abc.sol", "456.sol".
  • 3 character .sol names: $640 USD
• Generic Domains
  • Example: "goosefx.sol", "alan.sol".
  • 4 character .sol names: $160 USD
  • 5+ character .sol names: $20 USD

The charges above will be the USD equivalent of your token of choice

These are the registration prices for the domains, implying, the domains can be bought and sold on secondary markets for a different price.

Differences in Pricing and Availability

• Scarcity: Shorter domain types such as single and two-character domains are inherently scarcer, leading to higher prices and limited availability.
• Demand: Domains that are easy to remember or have specific meanings may command higher prices due to increased demand.
• Premium: Premium pricing may apply to certain domains based on their perceived value or desirability within the market.
• Availability: While single and two-character domains may be scarce, generic domains offer a wider selection and are generally more readily available at lower prices.

Associating a Twitter Handle with a Sol Domain

Associating a Twitter handle with a Solana wallet address through the Solana Name Service (SNS) adds an extra layer of identity verification and enhances transaction trust. Here's a detailed process of how to link your Twitter handle to your Solana wallet address

1. Connect Your Wallet: Begin by connecting your Solana wallet to the SNS website.
2. Visit the SNS Website: Navigate to the SNS website and locate the option for linking your Twitter handle.
3. Claim Twitter Handle: Select the option to claim your Twitter handle. Follow the prompts provided on the website.
4. Tweet Confirmation: Once prompted, tweet a specific message containing your Solana wallet address. This tweet serves as a verification step to confirm ownership of the Twitter handle.
5. Sign Transaction: Return to the SNS website and sign a transaction using the same Solana wallet address that was tweeted.
6. Verification Process: The SNS platform will process the transaction and verify the linkage between your Twitter handle and Solana wallet address.
7. Confirmation: Upon successful verification, your Twitter handle will be officially associated with your Solana wallet address within the SNS ecosystem.

Importance of Authenticating Ownership: Authenticating ownership of a Twitter handle. It assures other users that the wallet address linked to the Twitter handle is legitimate and controlled by the rightful owner.

Once registered, the Twitter handle can also be utilized, similar to domain names, for sending and receiving funds on popular Solana wallets.

Twitter Handle Registration with .sol Domain Registration

While both registering a Twitter handle and a .sol domain name involve identity verification within the SNS ecosystem, there are key differences in the processes and requirements:

Similarities

1. Identity Verification: Both registration processes require users to verify ownership of their respective handles or domain names.
2. Transaction Signing: Users must sign transactions using their Solana wallet addresses to authenticate ownership.

Differences

1. Platform: Twitter handle registration involves linking a social media account, while .sol domain registration pertains to securing a unique domain name within the SNS platform.
2. Purpose: Associating a Twitter handle adds a layer of identity verification for social interactions, this also allows fund transferring similar to a domain name.
3. Requirements: Twitter handle registration may involve tweeting a specific message for verification, whereas .sol domain registration requires purchasing a domain name and linking it to a wallet address.

Conclusion

As we conclude, we encourage you to explore the possibilities that Sol domains offer within the Solana ecosystem. Whether you're a developer, entrepreneur, or enthusiast, Sol domains provide a powerful tool for building decentralized applications, establishing online identities, and contributing to the growth of the Solana blockchain.

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Disclaimer: The statements, proposals, and details above are informational only, and subject to change. We are in early-stage development and may need to change dates, details, or the project as a whole based on the protocol, team, legal or regulatory needs, or due to developments of Solana/Serum. Nothing above should be construed as financial, legal, or investment advice.