Cryptocurrency Q&A
What is the difference between SNS and NNS?
What is the difference between SNS and NNS?
SamsungShineBrightnessRadiance
Mon Oct 07 2024
|
7 answers
1381
Could you please elaborate on the fundamental distinctions between Social Network Services (SNS) and Non-Fungible Name Services (NNS)? How do they differ in their functionalities, use cases, and potential implications for the blockchain and digital asset ecosystems?
7 answers
Raffaele
Wed Oct 09 2024
The Internet Computer Protocol (ICP) distinguishes itself from Social Network Services (SNS) by incorporating essential canisters within its architecture. These canisters play a pivotal role in the functioning of the protocol and contribute to its unique features.
Was this helpful?
278
76
CryptoPioneer
Wed Oct 09 2024
One such crucial canister is the cycles minting canister. This canister is responsible for generating cycles, a fundamental unit of value and utility within the ICP ecosystem. Cycles facilitate transactions and interactions on the network, ensuring its smooth operation.
Was this helpful?
262
49
KimonoGlitter
Wed Oct 09 2024
Another important canister is the registry, which serves as a repository for crucial information about the network's topology. The registry keeps track of the interconnected nodes and their relationships, providing a comprehensive view of the network's structure.
Was this helpful?
128
54
Starlight
Wed Oct 09 2024
The inclusion of these canisters in the NNS (Neural Network Services) is significant as they enable the protocol to function independently and efficiently. They also ensure that the network is scalable, secure, and capable of adapting to evolving demands.
Was this helpful?
143
22
Bianca
Tue Oct 08 2024
In addition to these canisters, the ICP ecosystem offers a range of other services and tools to support developers and users. These include decentralized applications (dApps), smart contracts, and other innovative solutions that leverage the power of blockchain technology.
Was this helpful?
113
32
Load 5 more related questions
