All resources on the Internet (web site, web page, or e-mail address) require a unique internet protocol address. Without this unique identification address, resources on the Internet can not find other specific resources. For example, there is no guarantee that important e-mails sent will reach the intended recipients. The domain name is converted to a number consisting of 32 bit dotted decimal notation or 4 octets (8 digit binary number) specifying the network address and host ID on the network.
The domain naming system is called a namespace and implements an alias system similar to that implemented by the name and number (ICANN) assigned by Internet Corporation. Domain names can be used not only to represent accounts, projects, and organizations, but also to handle the reputation system. There is a mosaic in the namespace. Mosaic refers to customizable assets in the form of an explanation template. In fact, they are very similar to files hosted on domain (name). The combination of namespace name and mosaic name always represents a unique global address, like a website hosted on a domain. Example: Superblock (.com) / NEMOverview.txt, superblock is the namespace, NEMOverview is the mosaic name. You can implement a mosaic equivalent of an ERC 20 token. However, they are assets that contain a set of attributes. All assets belong to a specific namespace
There are many political controversies in the domain name system, who wants to sell which domain name, and the domain name itself does not want to look for a domain name suitable for the purpose (terrible http: // leashless). Organization) Even if you specify the correct number for a device, there are few commercial advantages (numbers are just numbers). Many systems of the same type issue credit card numbers to banks, but in most cases this is fine.