UserID Overview - reddcoin-project/reddcoin GitHub Wiki
The Reddcoin User ID system is a comprehensive identity management framework built on the Reddcoin blockchain. It creates a hierarchical naming system allowing users to register and manage human-readable identifiers. The system consists of three primary components:
-
Namespaces: Top-level domains (like
.redd
) -
User IDs: Second-level identifiers within namespaces (like
alice.redd
) - ReddIDs: Cross-namespace identities that tie multiple user IDs together
- Both namespaces and user IDs are allocated through competitive auctions
- Promotes fair price discovery and reduces squatting
- Creates deflationary pressure on RDD supply through burn mechanisms
- Namespaces establish rules and parameters for all user IDs within them
- Namespace owners receive a portion of user ID auction proceeds
- Different namespaces can have different character rules, pricing, and renewal policies
- ReddIDs provide consistent identity across multiple namespaces
- Reputation system tracks and scores user behavior
- Social connections enable follow/friend/endorse/block relationships
- Revenue from auctions is distributed among:
- Burn pool (50-80%)
- Namespace owners (5-10%)
- Node operators (5-25%)
- Development fund (5-15%)
- Renewal fees are based on name length, activity, and usage metrics
- Anti-squatting measures include progressive penalties and reclamation auctions
- Fully integrated with Reddcoin Core
- Uses OP_RETURN data structures for blockchain storage
- P2P protocol extensions for efficient message relay
- Comprehensive API and RPC interfaces for application integration
- Persistent digital identity across services
- Reputation-based trust for decentralized transactions
- Social network functionality with privacy controls
- Cross-namespace resolution for consistent identification
This system represents a significant advancement in blockchain-based identity management, providing both the technical infrastructure and economic incentives for sustainable digital identity within the Reddcoin ecosystem.