DecentraWebPrice

(DWEB)

DecentraWeb is a decentralized implementation of the Domain Name System base layer protocol built on the Ethereum and Polygon blockchains. The primary goal of the project is to provide a decentralized alternative to the traditional internet naming system by removing the need for centralized gatekeepers and authorities. The core feature of DecentraWeb is the ability for users to create and own their own top-level domains, such as .brand or .name, which are issued as non-fungible tokens or NFTs. Unlike traditional domain systems where users essentially lease names, DecentraWeb allows for permanent ownership on the blockchain. Once a user owns a top-level domain, they have the power to create an unlimited number of subdomains, which can be used for various decentralized purposes. These domains serve multiple functions within the Web3 ecosystem. They can be used as human-readable addresses for cryptocurrency wallets across over one hundred and fifty different digital assets, replacing long and complex hex addresses. Additionally, they can function as decentralized website addresses, gaming identities or gamertags, and handles for decentralized messaging applications. The DWEB token is the native utility token of the ecosystem. It is primarily used to facilitate the registration and renewal of these top-level domains. Using the token for these services often provides users with significant discounts compared to using other currencies. Furthermore, the platform includes a staking mechanism where owners of top-level domains can stake their assets to allow other users to register subdomains under them. This creates a peer-to-peer registrar system where domain owners can set their own registration and renewal rules, acting as their own registry. By leveraging blockchain technology, DecentraWeb aims to enhance online privacy and security while preventing censorship. It seeks to give individuals and businesses full control over their digital identity and online presence, ensuring that their domains cannot be seized or blocked by central entities. The project has also integrated with various developer tools and infrastructure providers to ensure that these decentralized identities are portable across different applications and platforms. Learn more

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