Usernames on Ethereum Name Service
By default Status is free to use and communicate with. You are identified by a SECP256k1 public key. Since the Ethereum Foundation’s Ethereum Name Service is specifically designed to map string to
DApps and addresses, it is a natural fit for Whisper-based identities. We are working with Nick Johnson, co-creator of the Ethereum Name Service, to create a
username-to-SECP256k1 public key resolver on
ENS that allows stakeholders to register usernames on a first-in, first-out basis, with a social recovery mechanism. This gives stakeholders a human-readable and recoverable access point should phone or private keys be lost.
Rather than delegating other addresses to recover, we instead abstract the recovery process by allowing the stakeholder to create 5 signed messages, that can then be shared out-of-band with friends or stored in a safe location. A default of 3 of 5 signed messages will be required to change the username owner, but can be optionally changed by the stakeholder.
An account must be holding The Status Network Token in order to reserve a username. This username is used to identify themselves within the greater Status community, and signal participation in the network. Should a stakeholder wish to leave the network they can withdraw their tokens and the username will be unreserved and claimable by any other stakeholder.
This system will then depend on
KYC/AML requirements where required, as a completely optional step, for users who wish to interact with regulated financial tools and
DApps within the application.
- SNT is required to register a username on the Status Network.
- Stakeholder A, a casual user, wishes to register the username
@davidinside of Status so his friends can easily find him, and more easily recover his account should he lose his mobile device.
- Stakeholder B, a
DAppdeveloper, mandates only registered Status users to post on his discussion board
DApp, in order to mitigate sockpuppet accounts using his decentralized application and increase the quality of content.