Five Frequently Asked Questions About TNS

Created: 07-11-2024

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1. WHAT IS TRUST NAME SPACE (TNS)?
Trust Name Space (TNS) is a standard that uses its own high-speed blockchain, TrueConnect, to help manage reputation and verify the accuracy of information on the Internet. In an era where artificial intelligence can easily create fake news, TNS aims to provide people with tools to verify information sources. This is achieved through the reliability of blockchain technology and the use of cryptographic signatures for documents.

2. WHAT IS TNS USED FOR?
1. A TNS name is an NFT to which the owner's personal online resources (wallets, accounts, websites, individual documents, etc.) can be linked. Documents signed with the name as an electronic signature are authentic and verifiable as belonging to the owner. This protects against counterfeits: only the owner can create a document under their name. This feature applies to all content, introducing a new dynamic for copyright protection and interaction culture.

2. The name owner can build a social graph in which participants verify their authenticity. This is a digital equivalent of identity verification through witnesses, as in police procedures. This approach serves as an appealing alternative to identity verification methods that increasingly require private and biometric data and will be welcomed by those opposed to "digital control."

3. The owner's social graph is independent of platforms. If an account is banned on a platform, the owner does not lose their followers. With TNS, followers can easily find the owner’s new accounts and resources using their TNS name, counteracting "cancel culture."

4. By using a TNS name, an owner can conduct business activities, disclose transactions, and evaluate counterparties. This builds a tamper-proof, authentic business reputation in the blockchain, eliminating rating manipulation for goods and services.

5. TNS enables the creation of decentralized networks where the authenticity of comments and likes is verified, making it easy to differentiate genuine activity from actions driven by bots or AI.

6. The TNS project can be used to create outsourced KYC/AML systems. These data can be applied by financial institutions and internet companies, freeing users from having to go through these procedures repeatedly. An audit of the name conducted by independent systems, trusted by the business community and providing their own ratings, will be sufficient. This approach offers a competitive and humane alternative to centralized "social ratings," similar to those being attempted in China.

3. WHO CREATED TNS?
The Trust Name Space (TNS) team is anonymous. The development and support of the project are managed by an independent organization, TNS Foundation, whose mission is to build a reliable digital identity infrastructure based on open-source code and a decentralized approach. We follow the principle of trust in code rather than in specific individuals. The entire codebase is fully open and available for independent review—anyone can examine it to verify its security and transparency.

The Trust Name Space code also undergoes regular audits by respected industry organizations, affirming its reliability and adherence to high security standards. The anonymity of the team allows for a focus on the project’s values and eliminates potential conflicts of interest. Additionally, this strengthens security, ensuring that TNS Foundation upholds community interests by maintaining transparency, reliability, and sustainable development accessible to all users, developers, and organizations.

4. WHY SHOULD PEOPLE CHOOSE TNS?
Trust Name Space (TNS) offers a unique opportunity for users to select their desired level of transparency, especially in business communications and interactions with financial institutions. Our platform provides a framework that empowers each user to decide what information to disclose, striking a balance between privacy and trust. This is especially valuable in an era of increased regulatory scrutiny—TNS enables transparency where truly necessary, protecting users from undue regulatory pressure.

Currently, many analytical platforms implicitly deanonymize crypto-assets, often without user control, depriving users of transparency and added value. TNS, on the other hand, offers controlled deanonymization, allowing users to build trust-based relationships in the market. With a reputation verified through TNS, the need for additional information disclosure in interactions is reduced, enabling users to save time and strengthen their business reputation while staying safeguarded against bad actors.

Furthermore, TNS preserves the anonymity of cryptocurrency transactions at the network level, allowing transfer details to remain private, as they are today. Additionally, our Trustlink service (https://trustlink.ws/) provides an easy-to-use tool for integration and information sharing, supporting the platform's broader adoption. We prioritize ease of use and functionality, making it simple for users to become part of a new, trusted, and controlled digital environment.

5. HOW CAN I EARN WITH TNS?
With Trust Name Space (TNS), you can earn income by building your social graph. Each time your referrals purchase names in TNS, you receive a portion of their purchase cost. In TNS, 85% of the name acquisition cost is distributed across 8 levels within the owners' social network, allowing each participant in the graph to earn profits from purchases made at various levels. This system functions as a Web3 version of multi-level marketing (MLM), where income is distributed in a decentralized and transparent way.

The primary payment mechanism for purchasing TNS names and platform fees on TrueConnect is the $TRUE token. This token fuels the ecosystem’s economic activity, facilitating revenue distribution from new name sales among existing name owners. The Proof of Involvement mechanism allows $TRUE tokens from name sales to be distributed among owners at different levels in their social graph. The larger your network and the more active your referrals, the greater your potential earnings from the activity within the TNS ecosystem.

Earnings can also be made from the project's native tokens, $TRUE, and this opportunity is already open during the project funding phase.

$TRUE tokens serve as the means of payment and capitalization for TNS names. The more names sold, the higher the demand for tokens, and consequently, the greater their value relative to other forms of currency, goods, and services in the digital economy. This appreciation is a natural process linked to the growth of the TNS ecosystem and the capitalization of the TNS name market. The token "burn" mechanism during circulation will accelerate their appreciation. We expect $TRUE to replicate the success of $BTC and $ETH.

MORE QUESTIONS?
For more information about Trust Name Space (TNS) and answers to frequently asked questions, visit our official FAQ section on the TNS website. There, you’ll find detailed answers to any questions you may have and can gain a deeper understanding of how TNS is transforming digital identity and reputation management.


#TNS #Proof of Involvement #NFT