Key Points:
This collaboration allows users to seamlessly link their traditional domain names to ENS’s .eth domains without incurring extra costs or requiring technical expertise, marking a significant stride in integrating the Domain Name System (DNS) with blockchain technology.
Web3 adoption faced a slowdown in mainstream companies during the bear market, but this partnership between ENS and GoDaddy, the largest internet domain registry, signals a renewed interest in merging blockchain with conventional technologies.
The Ethereum Name Service, widely adopted in the crypto community, enables users to associate human-readable names with complex Ethereum addresses, akin to DNS functionality in website URLs. With over 20 million GoDaddy users gaining access to the ENS blockchain infrastructure, the collaboration bridges the gap between traditional DNS and cutting-edge blockchain technology.
The decentralized nature of ENS .eth domains simplifies complex wallet addresses into human-readable names on Web3, offering various features. With GoDaddy onboard, Web3 users can now effortlessly link their .eth domains with traditional URLs at no extra cost.
The partnership tackles previous barriers, particularly high gas fees, that deterred users from transitioning domain names to the Ethereum Name Service. GoDaddy’s President of Domains, Paul Nicks, hails the development as the “fusion of domain names and blockchain technologies,” benefiting both the Web2 and Web3 ecosystems.
To address the challenge of high gas fees, Ethereum Name Service deployed new smart contracts facilitating the resolution process of domain names in ENS at the DNS top-level domain level. This innovation allows cost-free verification of DNS records, streamlining the transition process and fostering trust in digital identities for domain owners and crypto wallet holders alike.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.
Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…
Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…
Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…
Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…
SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…
This website uses cookies.