Sonic Name Service (SNS) Cryptocoin Logo

Sonic Name Service (SNS)

  • Price: $0.0023 - 24h: ▼ 7.75%
  • Market Cap: $118,621
  • 24h Volume: $454.17
  • Rank: # 6826 (by Market Cap)
  • Last Updated: 2 days ago

Sonic Name Service (SNS) is a decentralized naming system operating on the Sonic blockchain.

Sonic Name Service (SNS) Trust Score !

The Trust Score (0-100) assesses an asset's safety based on its stability, liquidity, and smart contract security. Higher score = Lower risk.

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50.00
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Sonic Name Service (SNS) Bull/Bear Trend Strength

7 Day Market Momentum

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0.0000000
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30 Day Market Momentum

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0.0000000
Bearish
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Sonic Name Service (SNS) Latest Market Data

Current Values

  • Current Price: $0.0023
  • 24h Trading Volume: $454.17
  • Market Cap: $118,621
  • 24h Market Cap Change: ▼($9,051)
  • Fully Diluted Valuation: $225,036

Price Changes

  • 24 Hour Price Change: ▼ 7.75%
  • 7 Day Price Change: ▼ 23.85%
  • 30 Day Price Change: ▼ 38.67%
  • 60 Day Price Change: ▼ 55.80%
  • 1 Year Price Change: ▼ 95.66%

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Sonic Name Service (SNS) 30 Day Open, High, Low, Close Chart

What is Sonic Name Service (SNS)?

Sonic Name Service (SNS) is a decentralized naming system operating on the Sonic blockchain. It provides a user-friendly way to represent complex blockchain addresses and data with human-readable names. These names, ending in “.s”, simplify interactions within the Sonic ecosystem and beyond.

SNS aims to make blockchain technology more accessible to the general public. By replacing intricate hexadecimal addresses with intuitive domain-like names, it reduces the barrier to entry for new users. This increased usability can potentially drive wider adoption of blockchain applications.

The service leverages the speed, scalability, and low transaction fees of the Sonic blockchain. This provides efficient and cost-effective name registration and management. SNS caters to both developers looking to streamline their applications and end-users seeking a simpler blockchain experience.

How Does Sonic Name Service (SNS) Work?

SNS functions as a decentralized directory that maps “.s” domain names to various types of blockchain data. This includes wallet addresses, smart contract addresses, website URLs, and other relevant information. When a user registers a “.s” name, they essentially create a link between that name and their desired blockchain information.

The system operates through smart contracts deployed on the Sonic blockchain. These contracts manage the registration, renewal, and transfer of “.s” names. All transactions related to SNS are recorded on the blockchain, ensuring transparency and immutability.

The process of resolving a “.s” name involves querying the SNS smart contracts. The contract then retrieves the associated blockchain data based on the requested name. This allows users to easily access and interact with blockchain resources using memorable names instead of complex addresses.

Sonic Name Service (SNS) Key Features and Technology

A core feature of SNS is its decentralization. The service is not controlled by a single entity, reducing the risk of censorship or manipulation. This is achieved by leveraging the distributed nature of the Sonic blockchain.

SNS offers human-readable domain names that enhance usability. The “.s” domains replace the need for users to memorize or copy complicated addresses. This promotes easier interaction with the Sonic blockchain.

Key technologies employed by SNS include smart contracts, the Sonic blockchain, and a naming resolution system. The smart contracts govern the name registration and management process. The Sonic blockchain provides a secure and efficient platform for the service, and the naming resolution system allows for quick retrieval of associated data.

  • Decentralized naming system
  • User-friendly “.s” domains
  • Integration with Sonic blockchain
  • Smart contract-based management
  • Efficient naming resolution

What is Sonic Name Service (SNS) Used For?

SNS simplifies cryptocurrency transactions by allowing users to send funds to “.s” names instead of long addresses. This makes sending and receiving cryptocurrency much easier, especially for new users. It removes the risk of incorrect address entry.

It can be used to create decentralized websites. Mapping a “.s” name to a website hosted on a decentralized storage network provides an alternative to traditional domain names. These websites are resistant to censorship and single points of failure.

SNS is also useful for managing digital identities. A “.s” name can represent a user’s profile across various blockchain applications. This simplifies the process of verifying identity and managing online reputation. It helps facilitate interactions and integrations between various applications.

How Do You Buy Sonic Name Service (SNS)?

Acquiring an SNS domain name typically involves using the official SNS platform or supported decentralized applications (dApps). These platforms allow users to search for available names and register them for a specific period.

To purchase an SNS domain, you’ll need to have a wallet compatible with the Sonic blockchain. Funding this wallet with the Sonic blockchain’s native token or other accepted cryptocurrencies is necessary to pay for the registration fees. These fees cover the cost of recording the transaction on the blockchain and maintaining the domain name.

Once the wallet is funded, users can connect it to the SNS platform and initiate the registration process. This involves selecting the desired “.s” name, choosing a registration period, and confirming the transaction. Upon successful confirmation, the user becomes the owner of the registered “.s” domain name for the specified duration.

How Do You Store Sonic Name Service (SNS)?

Storing SNS essentially involves maintaining control over the wallet associated with your registered “.s” domain. This is because the ownership of the domain is tied to the wallet’s private key.

You can store your Sonic blockchain assets using several wallet options. Software wallets include desktop and mobile applications. Hardware wallets are physical devices that offer enhanced security by storing private keys offline.

Some popular wallet options include:

  • Software Wallets: Digital wallets that can be installed on desktops or mobile devices.
  • Hardware Wallets: Physical devices that store private keys offline for enhanced security.

Future Outlook and Analysis for Sonic Name Service (SNS)

The future of SNS appears promising, with potential for widespread adoption as the Sonic blockchain ecosystem grows. Its user-friendly design and simplification of blockchain interactions address a key barrier to entry for new users.

The growth and adoption of Sonic’s ecosystem plays a crucial role in SNS’s success. The increasing use of dApps, DeFi platforms, and other blockchain-based services on the Sonic blockchain will drive demand for “.s” names.

SNS’s success depends on its ability to provide a reliable, secure, and cost-effective naming solution. As the cryptocurrency space evolves, SNS has the potential to become a vital infrastructure component for simplifying blockchain interactions and facilitating wider adoption. Continuous development and community engagement will be crucial for SNS to realize its full potential and maintain its relevance in the rapidly evolving landscape.

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