The Domain Name System (DNS) is a hierarchical blanket over Web 2.0 (the current iteration of the internet).
It is an essential naming system for computers, services and private networks alike.
2/ It is a very useful tool in bridging computer-compatible language to human-readable form.
DNS was one of the main features that bolstered the adoption of the internet.
Blockchains and crypto have opened our eyes to the possibilities of the next evolution of the internet.
3/ We call this Web 3.0.
In Web 3.0 the trophic coherence, or the way in which a hierarchy is instituted, has freedom to form its own design, whether it be horizontal, vertical or anything in between and still maintain efficiency.
4/ By this we simply mean that the future is interoperable and that inter-operation won't be top-down like we are used to -- it is the whole essence of Web 3.0.
So why the DNS and Web 3 refresher?
5/ @adahandle is NOT a domain service system as that implies one overarching blanket over Web 3.0.
@adahandle is a domestic naming solution for UTXO blockchains, starting on #Cardano, that provides ../
6/ human-readable form to the cryptographic language that is native to our industry and therefore Web 3.0.
The buildout for this future has only just begun.
7/ No matter how big other protocols may be we are nowhere close to defining one indisputable system for a seamless naming service across all chains.
Web 3.0 will be built by collaborations of many different systems like a quilt sewn together to do the same job as a blanket.
8/ We are on the frontier of defining how this new digital world will be built and we all get to decide how it plugs into every facet of our daily lives.
We hope you are excited to maintain the @adahandle course alongside us.
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1/ Thank you to @IOHKMedia for writing a detailed and encouraging posts on optimizing Cardano performance, and what we can currently do as developers to improve it.
A thread on some things we're doing that fall in line with what is laid out in this post:
2/ "The reason for this oversaturation lies in the fact that...several users trying to purchase the same NFT and thus attempting to process transactions at the same time."
We enforce a limit of around a max of ~960 simultaneous Handle purchases within 30 minutes.
3/ "The reason for this oversaturation lies in the fact that...[NFT drops perform] simultaneous refund transactions to users who were unable to purchase the NFT."
We avoid this by processing refunds *after* the minting phase is complete for our initial beta sale, in batched txs.