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Topic: Blockchain Domain as Wallet (Read 220 times)

hero member
Activity: 2156
Merit: 803
Top Crypto Casino
June 11, 2019, 09:00:07 PM
#4
I would like to know what everyone's thoughts are on the blockchain DNS that I keep seeing. I believe there are a handful such as .eth and .zil through companies like unstoppable domains. To my understanding you have this address that can accept a handful of currencies.

This seems cool for people who want to be public. Good mass adaption option for a wallet?


Ethereum name service (https://ens.domains/) is exactly that. You can use use your .eth domain  as a wallet.
Namecoin is doing something similar as well with .bit domains.

Those initiatives are good because  DNS is very centralized in their central authority. Those blockchain domains would be decentralized and more resilient against coercion from powerful people.

THere are recent cases where users lost their domains. Look at this one from a few months ago. A guy who lost France.com domain to france government (he had it for more than 20 years). In a .eth or . bit domain, that would not happen, as a owing a domain would be like owing bitcoin.

https://www.cnbc.com/2018/04/30/france-seized-france-com-from-a-man-who-owned-it-for-20-years--so-hes-suing-his-country.html
 
Other benefits of Blockchain based domain will be a significant reduce in domain price, no more expensive domain trading and reduction in domain hacking as well as privacy violation. This is a revolution for those who make money by flipping domain and bloggers.
newbie
Activity: 4
Merit: 0
June 30, 2019, 06:09:06 PM
#4
This initiative would make governance more personalized, very interesting, we hope to release more information to test code as a study ...
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
June 03, 2019, 01:23:10 PM
#3
I would like to know what everyone's thoughts are on the blockchain DNS that I keep seeing. I believe there are a handful such as .eth and .zil through companies like unstoppable domains. To my understanding you have this address that can accept a handful of currencies.

This seems cool for people who want to be public. Good mass adaption option for a wallet?


Ethereum name service (https://ens.domains/) is exactly that. You can use use your .eth domain  as a wallet.
Namecoin is doing something similar as well with .bit domains.

Those initiatives are good because  DNS is very centralized in their central authority. Those blockchain domains would be decentralized and more resilient against coercion from powerful people.

THere are recent cases where users lost their domains. Look at this one from a few months ago. A guy who lost France.com domain to france government (he had it for more than 20 years). In a .eth or . bit domain, that would not happen, as a owing a domain would be like owing bitcoin.

https://www.cnbc.com/2018/04/30/france-seized-france-com-from-a-man-who-owned-it-for-20-years--so-hes-suing-his-country.html
 
staff
Activity: 3500
Merit: 6152
June 03, 2019, 03:35:15 AM
#2
There is OpenAlias which is something similar I believe, one problem with that is that not all wallets support this (only Electrum and Coin.Space), so If you're for example accepting donations, not everyone is going to be able to send you money.
member
Activity: 296
Merit: 12
June 03, 2019, 12:31:55 AM
#1
I would like to know what everyone's thoughts are on the blockchain DNS that I keep seeing. I believe there are a handful such as .eth and .zil through companies like unstoppable domains. To my understanding you have this address that can accept a handful of currencies.

This seems cool for people who want to be public. Good mass adaption option for a wallet?
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