def parse( bin_payload ):
   """
   NOTE: the first three bytes will be missing
   NOTE: the first byte in bin_payload is a '.'
   """
  
   if len(bin_payload) == 0:
       log.error("empty namespace")
       return None 

   if bin_payload[0] != '.':
       log.error("Missing namespace delimiter '.'")
       return None 

   namespace_id = bin_payload[ 1: ]
   
   # sanity check
   if not is_b40( namespace_id ) or "+" in namespace_id or namespace_id.count(".") > 0:
       log.error("Invalid namespace ID '%s'" % namespace_id)
       return None

   if len(namespace_id) <= 0 or len(namespace_id) > LENGTHS['blockchain_id_namespace_id']:
       log.error("Invalid namespace of length %s" % len(namespace_id))
       return None 

   return {
      'opcode': 'NAMESPACE_READY',
      'namespace_id': namespace_id
   }
NOTE: the first three bytes will be missing
   NOTE: the first byte in bin_payload is a '.'