What is the XRP Name Service and how does it work?

3 answers

• Mar 17, 2022 · 3 years ago
  The XRP Name Service is a decentralized domain name system built on the XRP Ledger. It allows users to register and manage domain names that end with .xrp. This service provides a way to easily identify and interact with XRP addresses, making transactions more user-friendly and accessible. By using the XRP Name Service, users can send and receive XRP by simply using a domain name instead of a long and complex address. This simplifies the process and enhances the overall user experience.
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• Mar 17, 2022 · 3 years ago
  The XRP Name Service works by leveraging the XRP Ledger's decentralized and secure infrastructure. When a user registers a domain name, it is stored on the XRP Ledger as a special type of transaction called a 'SetRegularKey' transaction. This transaction links the domain name to the user's XRP address. When someone wants to send XRP to a domain name, the XRP Ledger looks up the corresponding XRP address associated with that domain name and completes the transaction. This system ensures that the domain names are unique and can be easily resolved to the correct XRP address.
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• Mar 17, 2022 · 3 years ago
  The XRP Name Service is an innovative solution that simplifies the process of sending and receiving XRP. It eliminates the need to remember or share long and complex addresses, making transactions more user-friendly and accessible. This service is built on the XRP Ledger, which provides a secure and decentralized infrastructure. By using the XRP Name Service, users can easily identify and interact with XRP addresses using simple and memorable domain names. This enhances the overall user experience and promotes the adoption of XRP as a digital currency.
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