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Frequently Asked Quetions
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What are Web3 domains?
Web3 domains, also known as decentralized domain names or blockchain-based domain names, are unique identifiers linked to decentralized websites or resources on the Web3 ecosystem. Unlike traditional domain names (Web2 domains) that rely on centralized domain registrars, Web3 domains are stored on blockchain networks, providing greater ownership and control to users.
How do Web3 domains work?
Web3 domains work through blockchain smart contracts. Each Web3 domain is associated with a unique smart contract address on a specific blockchain platform (e.g., Ethereum). This smart contract contains the logic to handle domain ownership, resolve to specific content or resources, and manage other domain-related functionalities.
What is the benefit of using Web3 domains?
Domains are not controlled by centralized authorities or registrars, reducing the risk of censorship or domain seizure. Users have full ownership and control over their domains and can transfer or sell them as desired.
Can I transfer my Web3 domain to someone else?
Yes, you can transfer ownership of your Web3 domain to another user. Since Web3 domains are managed through smart contracts, the transfer process is typically initiated from your digital wallet, and the ownership rights are transferred to the recipient's wallet.