Blockchain Domains are revolutionizing access to data and ownership of digital currency, NFTs and other digital assets.
14 Dec 2022, 05:59
Blockchain Domains are revolutionizing access to data and ownership of digital currency, NFTs and other digital assets. They can be used like regular domain names for decentralized web site creation but more importantly, they represent identities and can put a human readable name on any other ID system such as a cryptocurrency wallet address. They also become status symbols with a personal touch such as (yourname.qie). And with new ways to use multichannel cybersecurity combining phone numbers, biometrics such as fingerprints, and your custom domain name, they become a central part of the most secure login system possible for protecting your assets.
How the HOVR domains environment works:
• Open an account in the domains section and validate account via email
• Buy a domain
• In your Accounts page, you can associate your domain with a Metamask wallet address or transfer it to another user or other future options like starting a website, etc.
• You can also sell it on the HOVR Marketplace
The domains are purchased once, and you never pay annual fees, so selling them means your domain is passed to another’s wallet as a non-fungible token (NFT). Or keep forever and pass them along. The future of the web revolves around blockchain domains!
As a technology, decentralized DNS (dDNS) is like what we know from the centralized DNS that uses .com, .io, etc. Except that the blockchain is used to hold the Top-Level Domain credentials. The domains that are created such as yourname.qie connect to the smart contract for .qie that is stored on the core blockchain. Thus, the use of domains can be specific to the blockchain of Qi Blockchain and/or linked to other chains using smart contracts for those purposes. Overall, dDNS creates a much more flexible and innovative way to map addresses and connect to an identity.
.qie domains/identities will be available on HovR in January!! 🔥🔥🔥