The difference between a traditional domain name and a blockchain domain

[analyst75]

There’s a HUGE difference between a traditional domain name and a blockchain domain.

 

Consider the Difference

 

When you buy a traditional domain, you don’t actually own the domain and you have to pay annual fees.

 

Nevertheless, some domains ended up being a great investment.

 

In 1999, someone bought business.com for a whopping $7.5 million.

 

In 2007, it was sold for $345 million to RH Donnelly, the third-largest print and online Yellow Pages published. (In 2009, probably not unrelated, the company filed for bankruptcy.)

 

Lasvegas.com sold for $90 million in 2005.

 

Insurance.com sold for $35 million in 2009.

 

Carinsurance.com sold for $49.7 million in 2010.

 

Now, consider how blockchain domains are different from traditional domain names.

 

 

Consider the difference:

 

→ Self-custody: The domain is stored in your wallet. You own it.

 

→ No annual renewal fees: Unlike traditional domains, once you buy it, there are no recurring fees.

 

→ Uncensorable: You can build a website tied to your domain on a decentralized storage network that can’t be taken down.

 

→ Send/receive from one domain: You can tie all of your wallet addresses to this single domain and get rid of complex addresses

 

→ Programmable: You can integrate decentralized apps into your domain name, allowing it to chat with other apps.

 

The current leader in blockchain domains is Unstoppable Domains.

 

Currently, their domain name system supports 260+ cryptocurrencies and almost 100 wallets, exchanges, and browsers.

 

Coinbase, the world’s largest cryptocurrency exchange, has already integrated its domain system… alongside Gemini, Brave Browser, and many popular wallets.

 

Again, the biggest benefit of having a domain name is you no longer have to deal with clunky addresses. Simply give people your domain name and they can send crypto there.

 

Moreover, you can create a simple website that doesn’t require annual fees.

 

On the speculative side, they could also prove as good investments… if you’re creative enough with your choices. (The low-hanging fruit is gone.)

 

At the moment, you can grab a domain name for as little as $20.” – Chris Campbell
 

Profits from games of knowledge: https://www.predictmag.com/ 

[Vaabum]

Quite interesting and useful information. I didn't know about it, to be honest.