Trust Machines, a leading Bitcoin infrastructure development company, has unveiled its latest venture, Orange Domains, with the ambitious goal of revolutionizing the way the Bitcoin Name System (BNS) operates.
The new entity is set to enhance the functionality of BNS domains, fostering greater integration with the traditional Domain Name System (DNS) and paving the way for a more interconnected digital identity landscape in the Web3 era.
Expanding BNS functionality and DNS interconnectivity
The launch of Orange Domains marks a significant step towards bridging the gap between the traditional DNS-powered internet, which lacks direct connectivity to modern blockchains, and the burgeoning world of blockchain-based digital identities. By enabling direct connections between traditional DNS addresses and Bitcoin-based BNS addresses, Orange Domains aims to streamline the interaction between the established internet and the innovative possibilities offered by Web3 technologies.
The initiative will see Web3 domains functioning as nonfungible tokens (NFTs), granting users comprehensive control over their digital identities. With these NFT-based domains, users will have the flexibility to build websites, send emails, create smart contracts, and manage finances, all from a single blockchain-based domain. It represents a significant leap forward in the utility and application of digital domains, moving beyond simple website addresses to become all-encompassing digital identity and utility hubs.
Strategic partnerships and industry impact
The introduction of Orange Domains comes on the heels of Bitcoin’s price surge, crossing the $60,000 mark for the first time in over two years, signaling a renewed interest and optimism in the cryptocurrency market. The launch is supported by strategic partnerships with Tucows, a veteran internet services company, and Hiro, a firm dedicated to developing Web3 tools for Bitcoin, highlighting the collaborative effort to bring Web3 functionalities to the forefront of the Bitcoin ecosystem.
Dave Woroch, CEO of Tucows Domains, emphasized the critical role of Orange Domains in setting new industry standards for domain names and Web3 identity. Leveraging Tucows’ extensive experience in the domain industry, Orange Domains is uniquely positioned to facilitate the convergence of Web3 with the traditional internet, enhancing the digital experience for everyday users.
The future of digital identity on Bitcoin’s Layer-2 network
Orange Domains is not just expanding the existing BNS namespace; it is also pioneering the development of Web3 digital identity on Stacks, a leading Bitcoin layer-2 network known for its smart contract capabilities. With the ability to purchase .btc Web3 identities on BNS, users can now secure their digital identities directly on the Bitcoin network, offering a new level of security and integration for digital assets and identities.
Don Ruiz, General Manager for Orange Domains, highlighted the organic growth of BNS within the crypto community, with nearly 312,000 digital identities registered to date. The launch of Orange Domains is expected to significantly contribute to the expansion of the Bitcoin application economy, adding substantial value to both the Bitcoin and Web3 ecosystems.
Conclusion
Orange Domains represents a pivotal development in the evolution of digital identities and domain names, bridging the gap between the traditional DNS and the innovative Bitcoin Name System (BNS). By enhancing the functionality of BNS domains and creating seamless interconnectivity with DNS-based domains, Orange Domains is set to revolutionize the way users interact with the digital world. With strategic partnerships and a commitment to expanding the utility of Web3 domains, Orange Domains is poised to play a crucial role in shaping the future of digital commerce and identity on the blockchain.
