Web3 Domains

What are Web3 Domains?

Web3 Domains are a new type of domain name that exists on blockchain technology. Unlike traditional domain names managed by centralized organizations like ICANN, Web3 Domains are decentralized. This means they are registered on a blockchain, which offers several unique benefits. Firstly, once you purchase a Web3 domain, it's yours perpetually without the need for annual renewals. Secondly, these domains can act as both a website address and a cryptocurrency wallet address, simplifying transactions. They are resistant to censorship and can be integrated with decentralized applications (dApps), making them a key component in the emerging Web3 space, which emphasizes a decentralized internet.

Considering that Web3 Domains are not organized and coordinated by a central entity like ICANN, it means that they may differ in standard of technology used, features but most importantly they can have naming collision, enabling different owners of a web3 domain to collide between each other in deciding which one has the right to be resolved.

How Do Web3 Domains Work?

Web3 Domains are registered on blockchain networks. Once registered, they are associated with a public wallet address rather than being managed by traditional DNS servers. This integration with blockchain technology allows for direct peer-to-peer interactions, decentralized hosting, and can facilitate crypto transactions.

What are the Benefits of Using Web3 Domains?

Benefits include enhanced security against domain hijacking, censorship resistance, simplified cryptocurrency transactions (using the domain as a wallet address), and complete control over the domain without reliance on a central authority.

Can Web3 Domains Be Used Like Traditional Domains?

Yes and no. They can be used for hosting websites, but they require specific browsers or extensions to resolve, as they are not part of the traditional DNS. However, they are more commonly used for simplifying crypto transactions.

Where can I buy a Web3 Domain?

Visit https://freename.io to purchase your domain. You can choose from a variety of options and themes, something to fit your lifestyle, intuition and needs.

Last updated