Web3 domains, registered on blockchain networks like Ethereum, serve as versatile tools within the digital landscape. They streamline cryptocurrency transactions, provide access to decentralized applications (dApps), and facilitate interactions with smart contracts. In contrast to the intricate addresses associated with traditional blockchain networks, Web3 domains offer a user-friendly alternative, simplifying the process of sending and receiving cryptocurrency payments.
The blockchain is a decentralized and secure digital ledger that records transactions across a network of computers, ensuring transparency and immutability.
NFT, or Non-Fungible Token, is a unique digital asset stored on a blockchain, representing ownership or proof of authenticity for a specific item, often digital art or collectibles. Each NFT holds distinctive information, making it distinct from other tokens.
EBRAND empowers users across NFT marketplaces, detecting brand infringements, and intercepting impersonators who scam your clients.
Ethereum stands out as one predominant blockchain network, renowned for its capabilities in smart contract creation and the development of decentralized applications (dApps). While many users prefer Ethereum, other notable blockchain networks include:
Bitcoin: As the inaugural and most renowned blockchain network, Bitcoin serves as a digital currency facilitating financial transactions.
Solana: Distinguished for its high-speed and scalable infrastructure, Solana finds utility across various applications, particularly in decentralized finance (DeFi) and gaming.
Cardano: Positioned as a third-generation blockchain network, Cardano prioritizes scalability, security, and sustainability in its design.
Polkadot: Operating as a network of parachains, Polkadot excels in fostering interoperability among diverse blockchain networks.
Users find plenty of Web3 domain extensions that suit their commercial needs, including the following:
- .crypto
- .x
- .nft
- .wallet
- .polygon
- .dao .888
- .zil
- .go
- .blockchain
- .bitcoin
- And more!
These domain names accommodate over 200 primary blockchain coins and numerous multi-chain tokens, encompassing supported tokens like Ethereum Classic and ERC20, Binance Chain (BEP2 and BEP20), Polygon, Solana, and many more.
Determining the exact number of blockchain networks worldwide is challenging due to the continuous creation of numerous small and new networks. According to a Statista estimate, by the end of 2022, there were more than 10,000 active blockchain networks globally.
These blockchain networks fall into three primary categories:
Public networks: Open to anyone, these networks include popular examples like Bitcoin, Ethereum, Solana, and more.
Private networks: Controlled by entities or groups, these networks are often employed by companies and organizations for storing confidential data.
Hybrid networks: Blending elements of public and private networks, these are used for applications seeking a balance between decentralization and security.
Among the notable blockchain networks are:
Bitcoin: The pioneer and most widely used blockchain network, functioning as a digital currency for financial transactions.
Ethereum: Enabling the creation of smart contracts and decentralized applications (dApps), Ethereum is a versatile blockchain network.
Solana: Renowned for its high speed and scalability, Solana finds applications in decentralized finance (DeFi) and gaming.
Cardano: Positioned as a third-generation blockchain network, Cardano emphasizes scalability, security, and sustainability.
Polkadot: A network of parachains facilitating interoperability between various blockchain networks.
A dApp, or decentralized application, is a cutting-edge software application running on a blockchain, offering enhanced security, transparency, and user control. Web3 domains supports dApps, empowering users to engage with decentralized technologies seamlessly.
