The Everscale ecosystem continues to grow with advanced features, and the domain system plays a crucial role in optimizing the blockchain experience. What can a domain in Everscale do? Apart from replacing complex wallet addresses, it enables users to participate in auctions, manage NFT assets, create subdomains and much more. Let’s explore the details in this article!
Introduction to Everscale and its Domain system
Everscale is an advanced Layer 1 blockchain built upon the technology of The Open Network (TON), but it has significantly evolved with the ability to scale infinitely thanks to its unique distributed architecture. This blockchain operates with a Dynamic Sharding mechanism, which divides the network into multiple smaller segments to process transactions in parallel, thereby increasing transaction speed and optimizing gas fees.
One of Everscale’s unique features is its ability to interact with various other blockchain platforms while providing a robust ecosystem with decentralized applications (dApps), wallet storage, NFT marketplaces, and on-chain payment systems. To optimize the user experience, the EverName domain system has been developed as an essential part of the ecosystem.
The EverName system allows users to own a blockchain domain instead of relying on long and complex wallet addresses. This not only simplifies transactions but also provides various utilities such as domain auctions, owning domains as NFTs, creating subdomains, and integrating with other applications within Everscale. Owning a *.ever domain helps individuals and businesses build a digital brand on the blockchain, expanding application reach and enhancing security.
What can a Domain in Everscale do?
Replacing complex Wallet addresses
One of the key benefits of the domain system in Everscale is its ability to replace complex wallet addresses with user-friendly domain names. In traditional blockchains like Bitcoin or Ethereum, each wallet address is a long string of characters, including both numbers and uppercase letters, making it difficult to enter and easy to make errors. With Everscale’s domain system, users can convert these addresses into simpler domain names.
Instead of copying a complicated wallet address, users can simply enter a *.ever domain to complete a transaction. This not only reduces the risk of errors but also makes transactions more convenient, especially for newcomers to the blockchain world.
Additionally, using a *.ever domain enhances transaction security. Many blockchain scams occur when hackers alter the recipient’s wallet address during copying. When users use a unique domain name, they can verify the address before completing the transaction, preventing wallet address manipulation.
Several wallet platforms and exchanges on Everscale have started supporting the integration of *.ever domains to optimize the user experience. This creates a safer and more user-friendly transaction environment for both individual users and businesses.
Owning a Domain as an NFT and trading on NFT marketplaces
An extremely unique feature of EverName is the ability to own a domain as an NFT (Non-Fungible Token), opening up the opportunity to trade on NFT marketplaces such as GrandBazar. Each domain in Everscale is a unique NFT, recorded and secured on the blockchain. This means that instead of just being a static domain, each domain can become a real digital asset, which can be bought, sold, transferred, and traded in the marketplace.
Users can:
Buy and sell domains on NFT marketplaces like GrandBazar or similar platforms. This creates new opportunities for investors and blockchain enthusiasts to enter the decentralized domain market.
Transfer domain ownership easily and transparently thanks to the nature of blockchain. Each transaction is recorded and verified, ensuring authenticity and preventing fraud risks.
Value domains based on brand potential and future utility. This is especially important as memorable domain names or those with significant meanings can become highly valuable assets within the Web3 and blockchain communities.
Owning a domain as an NFT not only allows users to control their digital assets but also opens up exciting investment opportunities. Similar to traditional internet domains, blockchain domains can appreciate in value over time, especially those that are simple, easy to remember, and related to popular sectors like crypto, DeFi, NFT, and others.
Domain auction and trading potential Domains
The EverName system supports a decentralized auction mechanism, where users can compete to own valuable domains. Some important auction rules include:
Domains with fewer than 12 characters can only be acquired through auction.
The auction uses WEVER, a token wrapped from EVER, to place bids.
Once a domain is listed for auction, anyone can place higher bids to secure ownership.
This is an attractive opportunity for those who want to invest in the domain system, as short, memorable domains often carry high value in the market. In the future, businesses, blockchain projects, or brands may seek and acquire these domains to establish their digital identities on Everscale.
Managing subdomains and building personal ecosystems
The EverName system also helps users manage subdomains, allowing them to build and expand their personal ecosystem on the blockchain. Subdomains can be used for various purposes, from creating websites to setting up decentralized emails and Web3 services.
Domain owners of *.ever can:
Build Web3 websites: Create decentralized (dApp) websites directly on the blockchain without relying on centralized hosting services. This enhances security and user data control.
Create decentralized email addresses: Instead of using traditional email providers like Google or Microsoft, users can create decentralized email addresses, offering better privacy and security.
Create Decentralized Identities (DID): The *.ever domain allows users to easily verify their identity and log into Web3 platforms without using traditional accounts. This is an important step toward creating decentralized identities in Web3, ensuring privacy protection for users.
These features not only help users create a unique Web3 ecosystem but also promote the development of decentralized services (DeFi, dApps) in the blockchain space.
Integration with dApps and Everscale ecosystem
The *.ever domain can be integrated with decentralized applications (dApps) within the Everscale ecosystem, simplifying transactions and digital asset management. dApps can easily identify users through their domain names, instead of relying on complex wallet addresses.
Specifically, the following features can be optimized:
Simplified Web3 login: Users can log into dApps without needing to input long wallet addresses. Using a domain name to replace the wallet address makes the login process faster and more convenient.
Enhanced user experience: dApps can use the *.ever domain to accurately identify users, minimizing errors and ensuring transactions are made to the correct account.
Smart Contract Support: Smart contracts can interact directly with domains, enabling automated and precise transactions without the need for difficult-to-remember wallet addresses.
This integration helps make the Everscale ecosystem stronger and more flexible, expanding the ability for platforms and dApps to interact, creating a more user-friendly Web3 environment.
Applications in security and digital identity
One of the most important applications of the EverName system is its ability to secure and protect users’ identities in the Web3 environment. Providing a unique blockchain address helps prevent phishing attacks and safeguard user privacy.
Security benefits when using the *.ever domain include:
Preventing phishing attacks: By using a unique domain name instead of a complex wallet address, EverName helps users avoid phishing attacks, where hackers often attempt to spoof wallet addresses or accounts.
Decentralized digital identity: The *.ever domain helps create a fully decentralized identity, independent of external service providers. This helps protect personal information and maintain privacy while participating in blockchain transactions.
Transaction security: All transactions and domain-related information are recorded on the blockchain, ensuring safety and security for users in every transaction.
With EverName, users can not only optimize transactions but also safeguard their information and assets securely in the Web3 environment.
Thus, domains in Everscale are not just tools for supporting transactions but also valuable digital assets that offer high investment potential and open up many opportunities in the Web3 space.
With vast potential and an ever-expanding ecosystem, owning a domain in Everscale is a smart move to take advantage of the benefits blockchain offers. According to Make Millions With Coin, if you’re looking for a simple way to interact with Everscale and expand your digital identity on Web3, register for a *.ever domain today!
