XRD Domains is a project within the Radix ecosystem that focuses on providing a user-friendly platform for managing domains on the Radix network. As the primary developer of the Radix Name Service (RNS), XRD Domains aims to simplify domain management for all users, including those who are new to Web3. XRD Domains has been designed with the goal of creating a seamless Web3 experience, allowing users to easily add integrations to specific domains within the domain management panel. The project has plans to introduce community ownership and additional functionality in the medium term, as well as establish a Foundation to allow community input in the direction of the RNS. In the long term, XRD Domains aims to become a versatile platform for dApps and users, both within and outside the Radix ecosystem.
One distinguishing feature of XRD Domains is Insignias, which aim to provide a secure layer of trust on the network by serving as proof of the relationship between an organization, group, authorities, and domains. Insignias are DeFi-enabled, allowing assurance to be issued in a manner similar to Web2 certificate assurance. Members of an organization or group can inherit levels of assurance simply by being inscribed by an insignia authority.
Trust Scores are another unique feature offered by XRD Domains. These scores are displayed to users before they take any action via a domain, such as sending a payment or utilizing a smart contract. Trust scores are determined by various metrics, such as the age of the current resolver, network reputation, and nexus (i.e., how close this contract or recipient is to the user or their peers). Trust scores also feature a DeFi layer, allowing users to leverage collateralization via insurance or allocated locked assets to boost trust scores for a certain address or smart contract.
XRD Domains offers multi-owner domains as a base functionality, providing more flexibility for users and a DAO that allows direct interaction at a feature level. This means that users can report bad actors and flag domains, directly affecting trust scores and prompting user warnings.
The XRD Domains and Radix Name Service projects have multiple founders, each with their own unique history and motivation. They are all passionate about creating a fair and decentralized Web3 ecosystem and ensuring the longevity and adaptability of the project via mechanisms that provide project autonomy long after the initial development is complete.
The Radix Name Service project was started by six founders, many of whom were already active members of the Radix community. The idea for the Radix Name Service came about when one of the founders saw people using the .xrd domain on Twitter and realized there was an opportunity for a name service on the Radix network.