What is DecentraWeb?
DecentraWeb is a decentralized domain name system (dDNS) implemented on the Ethereum blockchain. It aims to promote a decentralized future for the internet by allowing users to create their own top-level domains (TLDs) and own them permanently on the Ethereum blockchain as NFT ERC-721 tokens.
How does DecentraWeb work?
DecentraWeb operates by utilizing the Ethereum blockchain, employing its decentralized network for secure domain registrations. It incorporates the following components:
- Consensus Mechanism: Utilizes Ethereum's Proof of Stake (PoS), ensuring security and integrity through validators who participate by staking Ether.
- NFT Technology: Uses the ERC-721 standard for NFTs to manage and secure domain registrations as unique digital assets.
- Smart Contracts: Automated, secure processes for self-executing domain registrations and transactions, making them transparent and tamper-proof.
What are the potential use cases for DecentraWeb?
DecentraWeb offers a variety of potential use cases, including:
- Decentralized Domain Management: Enabling the creation and ownership of TLDs on the Ethereum blockchain.
- Wallet Domains: Using domains as user-friendly addresses for cryptocurrency transactions.
- Web3 Gamertags: Securing portable identities for users in Web3 games.
- Decentralized Websites: Building censorship-resistant websites with user-controlled domains.
- Corporate and Community Identity: Providing scalable identity solutions for businesses and Web3 communities.
What is the history of DecentraWeb?
DecentraWeb has evolved with several key milestones:
- Founders: Michael Calce (Co-Founder & CEO) and Adam Barlam (Co-Founder & CTO), both with significant industry experience.
- Inception and Funding: Founded to address centralization in DNS systems, backed by notable investors.
- Network Expansion: Extended its network capabilities to the Polygon Network for enhanced scalability.
- Technological Advancements: Introduced domain bridges and DNS tools to facilitate operations across networks.
- Partnerships: Collaborated with Metamask and Google Cloud to integrate and expand its Web3 offerings.