What Are Blockchain Domains?
An Uncensorable Internet?
The Internet is an amazing place because it allows us to share information like never before. It connects nearly the entire world together, provides a place for businesses to market their brand, sell products, and be found by their audiences, gives opportunities and jobs for millions of people, and much more.
But what if there was a better method to safely send and receive money over the Internet?
Blockchain domain revolutionaries hope to build a new Internet. One in which payments may be distributed broadly and owners have complete control over their domain asset. The decentralized Internet.
What Are Blockchain Domains?
Blockchain domains are a fascinating development in the field of decentralization. They have the potential to alter our views of domains and online real estate, as well as to offer a new degree of transparency, usefulness, and security.
These domains are blockchain-based digital assets. The domain name system (DNS) is sometimes compared to the Internet’s address book. Blockchain domains are used to reduce a user’s hexadecimal bitcoin wallet address to a human-readable name, similar to how we use example.com and other traditional domain names to easily identify a large string of random digits known as IP addresses.
Why Would I Use a Blockchain Domain?
Aside from the obvious advantages (openness, security, and greater functionality), there are several additional reasons to adopt a blockchain domain today.
One benefit is the increased ease with which bitcoin may be sent.
Blockchain domains may function as a naming registry for crypto addresses, making the process of sending and receiving crypto considerably more user-friendly than it was previously.
Another significant benefit of blockchain domains is the possibility to create decentralized websites. You may direct your blockchain domain name to a website hosted on a peer-to-peer hosting platform, such as IPFS. It is also feasible to link domains to social media accounts in order to authenticate identification and set up email and chat protocols connected with your domain.
How It Works With Blockchain Domains
Blockchain domains are simply collections of smart contracts, which are pieces of software published on a public blockchain. They can serve as a name registry for crypto wallet addresses, for example, or they can refer to blockchain-hosted content, such as a website.
Brad.crypto, an NFT art gallery owned by Kam, and vault74.crypto, a decentralized chat featuring 4k streaming and file sharing, are instances of real domains.
On the web, we typically understand domain addresses to direct us to a site where we may access content. Blockchain domain addresses may also be used to host content, such as NFT galleries.
Blockchain domain addresses are more widely utilized for payments. Crypto domains are supported by over 50 different crypto wallets and exchanges.
At its heart, the notion is that this makes decentralized technology more accessible.
Brave Browser, the fast, private, and secure web browser previously incorporated a crypto wallet into which you may send money, as well as the decentralized storage network InterPlanetary File System (IPFS). Both of these technologies are incredibly strong, but having domains that are easy to remember makes them easier to utilize.
Replace Cryptocurrency Addresses With a Name That Can Be Easily Read by Humans
There’s no need to be concerned about sending crypto to the wrong address. There are no renewal fees. Blockchain domains are owned rather than rented. You may get a domain for a one-time price and never have to bother about renewals again.
Blockchain Domains and Your Brand
Ultimately, if you or your business likes the idea of having your own space on the Internet that is decentralized and provides you with more control over your brand then it could be worth looking at picking up a blockchain domain. The more opportunities you can have to market your brand, the better, and with the low cost, along with widely available names that are out there, you never know what you might come across.