OP-NS
The Ordinals Proof-of-Work Naming System
Last updated
The Ordinals Proof-of-Work Naming System
Last updated
OP-NS is a domain system that combines all the greatest aspects of the Bitcoin data economy – proof-of-work, data ownership, and abundant microtransactions. The protocols fuses the principles of proof-of-work and ordinal theory to build a naming system capable of serving as the foundation of the on-chain data economy
This protocol allows us to use backed by (PoW) to create a fair-mint hierarchical naming system for the Bitcoin dataspace.
Fairly mine a Domain using computational Proof-of-Work
It is impossible to instantly claim the entire domain space due to mining requirements
Create hierarchical sub-domains for fine grained data control
Recursively subdivide the domain space to categorize data as needed.
Deploy a fungible token against your domain
Serve data in your name space (e.g. html)
Prove in authenticity of ordinals minted within your domain (e.g. content gallery)
Create access permissions to data based on token ownership (i.e. gated content)
The OP-NS contract relies on a Mint function that allows a domain claim request to be submitted with the computational solution for the required PoW
Arguments:
char - "char to be mined"
nonce - "random number that solves proof of work"
lock - "output script (e.g. receiving address) of the resulting artifact"
trailingOutputs - "any additional output"
All valid OP-NS domains must be derived from the genesis contract or its children. The genesis contract is found at transaction: 58b7558ea379f24266c7e2f5fe321992ad9a724fd7a87423ba412677179ccb25
The owner of an OP-NS domain can prove ownership in order modify and develop it by deploying further OP contracts against it.
Ownership is proven by providing the UTXO/satoshi containing the domain artifact as an input to an atomic transaction that:
validates the authenticity of domain ownership
guarantees the safe return of the domain satoshi to the owner address
generates any additional outputs enabled by the domain ownership
The artifact is hence always found at the owners address.
OP-NS inscriptions inherit the transfer functionalities of Ordinals. The satoshis with the inscribed domains can therefore be sent, bought and sold.
