A Decentralized Name System For The New Internet
We aim to create a decentralized autonomous organization (DAO) that will replace the DNS system and change the economics of domain ownership. Only by incubating a DAO Registrar with its own tokens can we create a lasting self sustaining economy that can replace ICANN. This ability to remove people and governments from the central control of the Internet is paramount to create a lasting uncensored internet.
Butterfly is more than a replacement it is an upgrade
There is no point taking the existing system and just putting it on a blockchain. Butterfly isn't just DNS on a blockchain, it is a better name system. We looked at where the current system was lacking and what it could look like if it wasn't held back by legacy technology. We built Butterfly to be the name system the brave new internet needs and deserves.
Websites are constantly being blocked by hostile state actors. With Butterfly your name lives on the blockchain forever and can't be taken down.
Butterfly takes control back from centralized authorities and gives it to the people who own the names.
You found the perfect name for your site, why should you pay every year just to keep it? Or get it taken away just because you pissed the wrong people off. With Butterfly when you own a name, you own it forever.
With the existing system you are limited to simple ASCII characters, for example you can use Chinese names like 商业 and even emojis 😀
One name, many ways to connect. A single name can go to your website, used to send you a secure message, or link to a crypto wallet.
Not only can you sell names you own through the built in auction site, you can sell sub names. With Butterfly making money from online properties is no longer the domain of squatters.
Everything in Butterfly can be upgraded from how the record is stored to where it points.
Install the simple browser extension and you are ready to access the new internet. No servers to install or trying to figure out what a C record is and how it is different from an A record.
Not your grandpas name system
The internet is changing and being used in ways the creators of the original DNS could never have imagined. With Butterfly flexibility and expandability are at its core. It isn't simply bolting old tech on new applications, it was made with the future in mind.
Each name is itself an ERC-721 token and can easily create ERC-223 tokens. This makes for a powerful token platform with a built in name and directory making them easy to find and manage.
The incredibly powerful sub name system opens up an entire ecosystem of functional sub names that can be used as the basis for games and other yet to be invented applications.
Git was designed to be decentralized. Using a tool site like github made it easy to find projects, but it's recent sale to Microsoft is a perfect example of how what was once a safe haven can quickly be taken over by corporate interests. Using Butterfly gives us a better option.
Fully Decentralized Dapps
Dapps built on blockchains have huge potential, but most of the time they still have central points of failure. With Butterfly for naming and IPFS to store static assets developers now have a way to create fully decentralized Dapps.