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About UDID Network Token issuance plan and governance issues

As we all know, from Bitcoin to now, the blockchain has experienced a development process of more than ten years. During this period, it has experienced countless milestones, from encryption geek enthusiasts to the blockchain encryption economy that countless Internet people know about. The vision of Internet liberalism and community autonomy of Satoshi Nakamoto, the creator of Bitcoin, is the inspiration and spirit of the UDID Network Team.

Ethereum was born in 2014. It went through a period of time from white paper to usability product, and in 2017, it was well known by the public and entered into vigorous development. The blockchain encryption technology has thus entered a new stage. Vitalik created the Ethereum smart contract network, allowing the pure blockchain to develop into a scalable self-running business form. Thus we see the possibility of turning from centralized commerce to decentralized commerce.

The UDID Network Team is composed of early Bitcoin encryption geek enthusiasts and early Ethereum smart contract development enthusiasts. See the growth and process of the crypto community. We are well aware of the importance of the encryption community. Blockchain encryption technology has developed into one of the most important technologies for human beings. The UDID Network Team sees the possibility of further development of human technology. UDID Network Code Team has been engaged in the development of the underlying protocols of the Internet since 1998, and has found some problems in the current blockchain. With the development and iteration of technology and the continuous upgrading of hardware capabilities, users' requirements for information systems have changed from initial use to The desire to improve efficiency has translated into not only improving efficiency, but also taking into account the requirements of autonomy and control, fairness and security. The emergence of the blockchain system is in line with the needs of market users. The traditional centralized dns and IP addresses, as the underlying protocols of the traditional Internet network, do not meet the current and future needs of users, and the traditional centralized dns protocol is still used by current blockchain applications. Blockchain hash can be used as a URL solution for traditional IP addresses, and the UDID Network created by the dnsDAO organization is to provide a new decentralized naming solution for all mankind. The blockchain system has the characteristics of decentralization, privacy, security and verifiability. WEB3.0 built on the blockchain solves the problem of large companies hijacking users brought by WEB2.0, and gets rid of the centralized node income Track user behavior.

The UDID Network blockchain system is a system built on the basis of encryption algorithms. In the current blockchain system, identities (blockchain users, contracts, tokens, etc.) are identified by the public key of the blockchain encryption algorithm. The public key is a long and irregular string. As the blockchain system is used by a wide range of user groups and accepted in more fields, such as dApp integration, the current blockchain public key identity identifier has been It has become a great obstacle to the development of blockchain.

UDID Network aims to design a new blockchain-based naming system that maps blockchain public key identities to human-memorable and readable names. At the same time, the naming system will provide end-to-end security without the need for additional CA systems Thereby promoting the development of blockchain encryption crowd and technology.

For details, please refer to the technical white paper: https://drive.google.com/file/d/1fP_1J6H6G7a1GhnEZLeSo4p9xB9-O1Kp/view

UDID Network provides a naming protocol for blockchain, and blockchain technology is its core technical solution. UDID Network Code Team knows that its business economy cannot be separated from Token as a part of business, and issuing UDID Network Token is one of its plans. At the same time, UDID Network Team has experienced a long road of blockchain development. We must respect the ideas and wishes of the majority of the community. We will open "About UDID Token Issuance and Governance" to collect opinions. UDID Network Team hopes to hear that the community is different the sound of. UDID Network Team is very strict with token issuance and governance methods. Without sufficient governance and issuance plans, UDID Network Team will not carry out any work related to UDID Network Token.

For community or collaboration please contact: team(@)dnsdao.org

The UDID Network community, which is worth celebrating, has achieved initial results. It has developed in dozens of countries around the world in its early stages and has tens of thousands of early UDID Network community enthusiasts. Having a strong community is the key to the success of UDID Network.

For details, please visit the following link to join us: https://linktr.ee/udidofficial

UDID Network also has thousands of early experience users during the early testing of the product. We thank every user for their experience and suggestions on the UDID Network name registration product.

For details, you can go to experience our products: https://udid.network

After 3 years of exploration and technical realization by the UDID Network Team, decentralized identity is one of the technical facilities of blockchain applications, making the public key address mapping, which is inconvenient to memorize and read, become a name that can be remembered by human beings to promote human beings to WEB3 .0 Migration accelerator. The UDID Network Team will be open to the community with the implemented API and ABI interface to promote the vigorous development of the ecosystem.

For details, please visit: https://udid-wiki.github.io For technical support please contact: team(@)dnsdao.org