Registrar Frequently Asked Questions
The registrar uses two transactions (commit and reveal) to register a name.
It takes less than 5 minutes to register a name, including a 1-minute delay between the first and second transactions to prevent frontrunning.
Make sure you renew your LNS names before they expire! You add registration years to any name at any time, and for any duration you'd like.
You can add registration years to many names at a time on your My Account page in the LNS Manager App.
Anyone can add registration years to any existing name by paying the required fee, at any time.
There is no maximum limitation of the renewal duration but there is a minimum renewal period of 28 days.
You can renew your name at any time during the period you own it. Making sure you renew before the name expires will prevent someone else from registering the name.
There is also a 'grace period' of 90 days after your name expires. You can renew the name to retain ownership of it during the grace period.
Yearly renewals cost 0.01BCH/year for names that are 5 characters or longer. 4 character names cost 0.1BCH/year, 3 character names cost 1BCH/year, 2 character names cost 10BCH/year, and 1 character names cost 100BCH/year.
Rather than being locked and held, as in the original interim registrar, renewal fees in the permanent registrar are spent. You will not get them back.
LNS is decentralized, there is not a centralized treasury. MistSwap and mainnet_pat are both major investors and are incentivized to continue developing and improving LNS over time.
Yes, .bch names are tradeable as NFTs.
The cost of doing this is the only limitation in place.
The registrant is the account that owns the .bch name. They can transfer ownership to another account, and they can replace the controller address. The registrant is the owner of the NFT token that represents the name.
The controller is the account that controls day-to-day operations with the name: creating subdomains, setting the resolver and records, and so forth.