Buy DecentraWeb (DWEB)
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.
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Frequently Asked Questions (FAQs)
What is the current price of DecentraWeb (DWEB)?
The DecentraWeb price is $0.03026571 AUD, representing a +5.41% from the day prior.
Where is the best place to buy DecentraWeb (DWEB) in Australia?
The best place to buy DecentraWeb (DWEB) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell DecentraWeb (DWEB) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of DecentraWeb (DWEB)?
The trading volume of DecentraWeb (DWEB) is $2.5K AUD in the last 24hrs, representing a +5.41% from the day prior.
How can I buy DecentraWeb (DWEB)?
DecentraWeb (DWEB) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of DecentraWeb (DWEB)?
The current market cap of DecentraWeb (DWEB) is $1.5M AUD.
Can I convert DecentraWeb (DWEB) to cash?
Yes - With Coinstash you can convert your DecentraWeb (DWEB) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many DecentraWeb (DWEB) are there?
The current circulating supply of DecentraWeb (DWEB) is 50.1M.
Is Coinstash a safe place to buy DecentraWeb (DWEB) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling DecentraWeb (DWEB) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.