RIF Name Service (RNS) enables the use of human readable names for blockchain addresses helping users to receive transactions in personalized domains. The Name Services (RNS) Marketplace allows users to buy and sell RNS domains. Sellers can list their owned domains and set a listing price in RIF for each of them. Buyers can browse the available Domains and purchase the one they prefer by paying the listed price.
A Buyer can browse the available RNS Domains, filter based on the selected criteria and purchares the desired domain.
This is an entity relationship diagram (ERD), showing relationships between different data structures:
The main high-level components are:
The architectre is composed of service-specific smart contracts deployed on the RSK blockchain, a shared read-only cache for performance and scalability, and a front-end (UI) application which allows users to easily connect, browse the available services and interact with other Marketplace participants.
There is a
rates service implemented in the Cache which periodically gets the currency conversion rates between all relevant currencies and tokens and stores this information in the database.
Keys are kept at the user’s normal Wallet (e.g., Metamask), and all transactions will be originating from RIF Marketplace UI where they will be signed using this Wallet.
Depending on the time and the way a domain was registered by the user it may be possible that the readable domain cannot be obtained. This is due to the way on which RNS domains are stored on the blockchain as hashes and not in the readable form. In these cases the RIF Marketplace UI will display an Unknown(0x123..) label for those domains.
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