The rapid evolution of the internet into Web 3.0 is bringing new opportunities and technologies into the system of the Internet.
One such technology is Blockchain technology which is revolutionizing the internet. Earlier, the entire internet was dependent on the Domain Name Server or DNS which would map your server’s IP into a readable .com name.
But, this system is highly centralized meaning it is controlled by a few organizations like ICANN, with Crypto domains, the need for DNS has been removed and you can simply use Blockchain to store your crypto domain name registries.
Currently, the Crypto domains are only being used to map the crypto wallet to the user’s domain but crypto domains have wider applications as well.
Why Buy Crypto Domain?
Domain names are unique names that you can use to connect to the server where the content is hosted. Traditionally, the Domain names are registered by the Domain Name Server (DNS) and this DNS controls the entire website infrastructure.
But, with Crypto domains, the entire domain name architecture is maintained on blockchains that are not controlled by anyone but many over the blockchain networks.
Apart from this, the popularity of cryptocurrency and blockchain technology has increased so people are adopting more and buying the domains.
The best part with the crypto domain is that with the crypto domain, you’ll only need to buy the domain once and you’ll own the domain forever unless transferred. There are no renewal fees associated with the crypto domains.
Are Crypto Domains Safe?
Crypto domains are very safe when compared to traditional domains. There had been a few cases where the traditional DNS service providers have accidentally transferred the ownership to someone else. But, with Crypto domains, your domain registry is on the blockchain network which prevents access to anyone else except the owner.
How Crypto Domains are different from Traditional domains?
ICANN is a non-profit organization responsible for managing the DNS records of the entire internet which provides the naming infrastructure to some of the Domain name providers like GoDaddy, Hostgator, etc.
The hosting providers have an access point or IP Address that gets mapped to the DNS name and when anyone enters the Domain name like iConnectsolution.com in the browser. They are served the content.
Now, the only difference with the crypto domains is that the DNS record of the domain name is not stored on the server of ICANN but, is stored over a decentralized blockchain network.
Conclusion
The crypto domain market is relatively very new yet very popular. There are already a few players who provide domain name registration to the user.
But, the problem with the crypto domains is the compatibility issue, not every browser supports the .crypto TLDs. According to the Unstoppable Domains, Chrome, Firefox, Opera, etc. are soon going to provide .crypto and other TLD access using their browser.
Brave another browser already provides full access to the crypto domain to the user. Also, you can use the Unstoppable domain extension to access crypto domains from your browser.
With the coming WEB 3.0 revolution, the internet is changing rapidly and it is only a matter of time for blockchain technology to make its way to every other technology that we use today.