Discover How Trust Name Space Transforms Online Privacy and Security
In this very easily accessible digital world, we all have and manage several accounts, passwords, and personal information on multiple platforms. This really complicates our online life and puts our data at risk. When we sign up for a new service or shop on a different website, we are disclosing our personal information widely.
This increases the possibility of our data being stolen or misused, and it becomes more difficult to track where our information is actually located. And it actually raises a very important concern regarding our data security.
But now take a chill pill because I am going to introduce the ultimate solution to this concern. So here’s the solution! Meet — Trust Name Space (TNS), a new project that aims to make the internet a safer and more trustworthy place for everyone. It's a Web 3.0 solution designed to simplify and secure our online identities.
Get to Know – What Exactly is Trust Name Space (TNS)?
Trust Name Space (TNS) is a new Web 3.0 tool that makes managing and protecting our online identities easier and safer. It tackles the rising worries about online privacy, identity theft, and the scattered nature of our digital lives. It provides a fresh method for handling our online presence, giving us more control and safety in today’s complicated digital world.
TNS provides a separate, secure online identity, similar to a digital passport, with a unique name that only you can control. This name works across different websites and apps, keeping your data safe with blockchain technology. You decide who can see your personal information, and TNS helps you connect with verified users to build a trustworthy online reputation.
The TRUE Token – TNS Digital Currency
TNS has its own digital currency called TRUE. This token is used to pay for new names in the TNS system and to reward people who help grow the network. As more people join TNS and use TrueConnect, the value of $TRUE tokens is expected to increase. The team believes that $TRUE could become as important as other major cryptocurrencies like Bitcoin and Ethereum in the future.
How Does TNS Work?
Unique Name – Your TNS identity is tied to a unique name, which is like an NFT on the Ethereum blockchain.
Social Graph – Your connections with other TNS users form a social network, helping to verify your authenticity.
SecondWallet – This feature allows you to use your identity safely for everyday tasks without risking your main access key.
TrueConnect – A fast, efficient blockchain system that powers TNS transactions.
TRUE Token – A Digital Currency Used Within the TNS Ecosystem for Various Purposes
TrueConnect’s HLF Tech Transforms Blockchain Speed
TrueConnect is the first public blockchain in the world built on industrial HyperLedger Fabric (HLF) technology. It was developed by a group of large global IT firms, including Huawei, Microsoft, Visa, Walmart, and Citi, under the direction of IBM.
Over 3,000 transactions are processed per second by TrueConnect's HLF technology, which is roughly 150 times quicker than Ethereum and 1/10th of the processing speed of Visa's payment system. TNS's solid technical reputation is built on Proof of Involvement, which guarantees optimal distribution.
With the release of HyperLedger Fabric 3.0, the process of building blockchain networks can be completely altered. HLF 3.0 makes it possible for businesses to create validator networks, which speeds up the process of adding specialized blockchains to blockchain initiatives. Because projects no longer require their own infrastructure, this invention lowers the entry barrier for them.
Why Do We Need TNS?
Security – Our present system is vulnerable to hacking and data leakage. TNS makes it considerably more difficult for thieves to steal your information or pretend to be you online.
Simplicity – Rather than remembering dozens of passwords, you'll use a single safe identity to access several internet services.
Control – You pick which personal information to share and with whom. No more revealing your information to every website you visit.
Reputation – TNS assists in developing a true online reputation based on real interactions rather than fake likes or bot accounts.
Benefits of TNS
Trust Name Space (TNS) offers multiple benefits. It makes your online experience safer by reducing the possibility of identity theft and fraud. You'll find better content with less spam and fake reviews, so the information you see is more trustworthy.
Online shopping becomes more reliable since it’s easier to verify sellers and buyers. Your privacy is improved because you control your own data instead of big tech companies. Finally, TNS ensures that your online identity belongs to you, not any platform.
Real-World Applications
Social Media – Interact with real people, not bots or fake accounts.
Online Shopping – Trust ratings and reviews from verified users.
Financial Services – Streamlined identity verification for banking and investments.
Content Creation – Build a genuine following based on your work and interactions.
Digital Assets – Securely own and trade digital items like NFTs.
Get to Know More About TrueConnect
TNS TrueConnect integrates smart contracts on Ethereum (Layer 1) with Layer 2 solutions like Hyperledger Fabric, connected through a bridge. This setup enhances secure social and economic interactions within a community, leveraging the strengths of both blockchains.
By using Layer 2, the project significantly lowers transaction fees, allowing social and economic activities to happen more affordably. The bridge facilitates seamless and cost-effective token transfers between Ethereum and Layer 2, ensuring minimal fees and avoiding the high costs of direct Ethereum transactions. The bridge uses a strong consensus mechanism with trusted addresses to authorize critical operations, ensuring security and reducing unauthorized actions. It employs Byzantine Fault Tolerance (BFT) to require multiple trusted signatures, lowering the risk of malicious activities and reducing security breach costs.
By handling most interactions on Layer 2, the system reduces the load on Ethereum, resulting in lower gas prices and smoother transactions. This makes the ecosystem more user-friendly, cost-effective, and efficient.
The Future with TNS
Consider a world in which you easily move between online platforms, carrying your reputation and connections with you. You won't have to begin all over again with every new website or app anymore. Your online presence will be just as real and important as your offline one.
TNS has the potential to improve the reliability and usability of the internet. It may reduce online scams, improve the quality of digital content, and give consumers greater control over their online activities.
Getting Started
While TNS is still under development, it has immense potential to change our digital lives. As it grows, we may see more websites and apps integrate with TNS, making it easier for users to adopt this new system.
In the meantime, staying informed about changes in online identity and security is important. As TNS and similar technologies develop, they could change how we experience the internet, making it safer, more genuine, and more valuable.
The internet has changed our lives in several ways. With advancements like TNS, we're about to see a further major change that will allow people greater control over their digital identities and interactions. It's a thrilling time to be online, and the future looks brighter and more secure as technologies like Trust Name Space drive the way.
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