All You Need to Know about Web3 Centralization vs Decentralization: Websites, Domain Name Services, and More - web3 centralization
In the recent bear market, one of the winners now in a stronger position is ENS. According to NFTgo statistics, ENS’s trading volume in the past 30 days earns them the top spot in the NFT market. The positive trend is also witnessed in several special name types such as "10k club". In terms of historical transaction volume, the total ENS volume has exceeded 80K ETH, ranking 17th.
Based on this case, some decentralized domain name projects began to position themselves as DID projects, using the domain names as DID.Another neglected case is the content access address which is just like a traditional DNS domain name, which is described as a decentralized website on the official website of ENS. The ENS can associate the content stored in decentralized storage networks such as IPFS and ArWeave, and use the ENS domain name as the link to access the content.
With the domain name, we do not need to enter an IP address to access the web page. Instead, we can directly enter a domain name in the browser that is easy to remember. The current domain name system is managed and operated by the Internet Corporation for Assigned Names and Numbers , which will assign different suffixes to different regions, countries, and operators for operation and maintenance.
Therefore, the decentralized domain name plays a similar role, that is by binding the domain name with the content link, the corresponding content is accessible through the domain name on the link. Different from the traditional domain name, an on-chain domain name does not need a system, like DNS, to record the correspondence, but directly records the correspondence in the intelligent contract, and the content corresponding to the domain name can be found by querying the smart contract data.
There are also some views that decentralized domain names should establish independent standards, but whether being independent or integrating the existing standards, it is necessary to establish a standard with a unified access method. Each top-level domain name has the only recognized smart contract address, without duplication. Otherwise, decentralized domain names are difficult to put into large-scale applications.
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