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Following in the footsteps of Ethereum… “Tezos” plans to provide domain name service

Posted on November 4, 2022 by admin

Following in the footsteps of Ethereum… “Tezos” plans to provide domain name service

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Answer Following in the footsteps of Ethereum… “Tezos” plans to provide domain name service

Inspired by Ethereum, Tezos may soon support human-readable domain names and addresses thanks to a new proposal from the Tezos community.

How Tezos Domains Work:

Spread Miroslav Bodic, leader of the Tezos Domain Name Project, has an introductory article this week explaining the project’s goals.

About the domain names, Miroslav told Tezos Domains the following:

Addresses are an obstacle to the practical use of Tezos as currency, because they cannot be easily read, memorized, or communicated. Blockchain name services solve this problem by attaching human-readable wallet addresses to standard addresses.

For example, the user can replace a long address like: tz1VSU … jcjb

Read:Will the official Bakkt platform launch affect Bitcoin?

With a title like: Alice.tez

Entering Tezos Easy Names makes it easy for users to send and receive Tezos tokens.

Developers can also attach names to their smart contracts, making it easier for DApps to discover and interact with those contracts.

Miroslav noted that the proposal was still an “early draft”.

As such, there is no guarantee that the feature will reach Tezos and if it does, many things could change drastically.

The proposed project by Miroslav plans to sell the names through an “open auction”, where the bidding is public and each bid must be larger than the next.

Expired domain names will then be sold on a first-come-first-served basis.

Plans to prevent phishing attacks have also been noted, as Tezos names will initially support a limited set of characters while excluding others.

Extended Unicode support may arrive later, and in the near future the team will start working on a smart contract that coordinates the service, a lightweight pointer and an in-browser app that allows name searches.

Other services that offer blockchain domain names:

Many other blockchain projects have their own name services.

Read:Ethereum gains 45% in 10 days, breaking the annual high

Most notably, the “Ethereum Name” service, which is integrated with many different services including “MetaMask”, Opera and the “Coinbase” wallet.

There are currently 274,000 ENS names.

Learn about the Ethereum ENS service and its importance for cryptocurrency users

Read:Bitcoin price drop below $50,000 caused $100 million to be liquidated in 10 minutes

Other notable blockchain-based name services have been built for domain names such as Zilliqa and NEO.

Ethereum also supports other name services, such as “Unstoppable Domains.”

Despite the difficulty of implementing blockchain names, it is an important step forward, especially in the case of a desire for global adoption and expansion, as the person is looking for the easy thing, and of course an easy and simple address is better than a set of numbers and letters.

Read also:

What are the fees for gas and transactions in the Ethereum network?

The founder of Ethereum reveals the mistake he doesn’t want to repeat with the Ethereum 2.0 upgrade


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