The Internet is undergoing a change like never before. Each user’s digital identity and ownership is now being redefined as we are shifting from Web2’s centralized platforms to Web3’s decentralization op. Domains are proving to be crucial in this new era because they allow users to fully protect their online identity, increase safety, and provide easy Web3 accessibility.
What are Crypto Domains?
These are domains, such as.eth, .crypto, and Dexlyn’s .supra, that are minted and owned on every blockchain. Unlike domains that are managed by centralized entities, crypto domains are NFT style assets that store difficult wallet addresses in human-readable format. This means that the users have control over their domains and can point them towards wallets, decentralized websites or even smart contracts.
How Crypto Domains Work
Crypto Domains are NFTs and Smart contracts stored in a Blockchain. Each user is assigned a unique token for a specific name after registering for a domain. Changes made are only through wallet signatures, which means they are censorship resistant. With The Naming Service on the Supra L1 Blockchain, users can easily map and register a name onto their wallet through simple transparent steps.
Uses and benefits of Crypto Domains
True Ownership: Domains are assets on the blockchain which means no registrar or authority can take them or censor them.
Enhanced Security: Mechanisms of cryptography protect against hijacking or spoofing.
Legacy Transfers: Your crypto domain can be used across wallets, dApps, DeFi and metaverse platforms as it increases domain usability.
Personal Reputation: Protects or secures the impersonation of a personal or business identity in the Web3 space.
Business Web 3 Domains Versus Traditional domains
Use Case Spotlight: Dexlyn’s Suprans Naming Service
The potential of crypto domains is exemplified by Dexlyn’s Suprans Naming Service. Built on top of Supra L1, Suprans enables users to get readable names such as yourname.supra instead of cumbersome addresses, allowing users to register. Important traits are:
On chain identity: W3 identity is easily managed using records with custom fields.Supra dApp seamless integration: Domains work with Supra dApp and dApp ecosystem.Subdomain Delegation: Namespace with structure such as team.yourcompany.supra can be used by organizations.
This not only strengthens user trust but also reduces complexity in transactions and logins.
Best Practices Securing your identity on Web 3
If interested in registering a crypto domain make sure to do so as early as possible to get the name you want.
Crypto domains have made it easier for individual users and entire organizations to claim their online space. What’s remarkable about cyber domains built on blockchain technology is that they offer unparalleled security while enabling users to genuinely gain control over their identities and their data.
Crypto Domains: Why Protecting Your Wallet and Keys is So Important
Security always starts with the basics. Safeguarding Your Wallet and Your Private Keys: why? Because, without considering this the best method to secure a domain, a single lost access point means not only your identity but domain will cease to exist. This is irrespective of the underlying technology shields self-sustained structures provide.
Check supports across different platforms like wallets, profiles, and dApps to leech your domain boosting its usability multi-fold.
The Future of Digital Identity with Crypto Domains
Despite the cons, it’s unquestionable that cryptographic identification systems are reaching new heights quickly. Adapters merging DNS with blockchain will soon not be so hypothetical. In due time, crypto domains are stipulating Web2/3 interoperability and cohesively bound identity standards alongside authentication validation transforming legacy systems.
Locking down your identity around domain slabs lies in the intersection of a controllable SaaS system and monitored web. Take the plunge now and ease the transition into the gateway keeping organizations and users at the center of identification control.
Crypto Domains Explained: Securing Your Identity in the Web3 Era was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.