Now you can use your dot com domain to receive and send bitcoin, ethers, and dogecoin.

From now on, it is possible to use a dot com domain to send and receive ether (ETH), the cryptocurrency of the Ethereum network, bitcoin (BTC) and dogecoin (DOGE). This was announced by the organization that has integrated the DNS namespace with the Ethereum Name Service (ENS) system.

“We are pleased to announce that full DNS namespace integration for ENS is now available on the Ethereum mainnet,” Brantly Millegan, chief operating officer of the dot eth domain name system, wrote on the organization’s official blog

.

It means that owners of dot com domains (or .net, .org, .edu, etc.) can now import the same name for use on the Ethereum network, without having to change their naming to dot eth as was previously required, as the post notes.

On the other hand, DNS names imported into ENS don’t have an additional fee in this version of the protocol, they just pay the required fee on the DNS side, another release from the organization notes

.

DNS is the Internet organization that associates domain names with IP addresses like google.com or CryptoNews.com, for example, to facilitate navigation.

Ethereum Name Service or ENS does pretty much the same thing, with the added advantage that the domains are decentralized. In this way, they promise to increase resistance to censorship.

They also serve as an Ethereum address, so instead of writing 64-character Ethereum addresses, .eth domains are useful for sending ether directly to a name associated with a website. With the integration, this is now possible with .com and other domains, as we noted above.

See also  The NFT pricing paradigm, or why are non-convertible tokens sometimes so damn expensive?

Now you can use your dot com domain to receive and send bitcoin, ethers, and dogecoin. Now you can use your dot com domain to receive and send bitcoin, ethers, and dogecoin. In his post Brantly Millegan included a screenshot of an ETH transfer on his .com domain. Source: Medium / ENS.

An integration with unfinished business

.eth names can be sent like any cryptocurrency as they are non-fungible tokens (NFT). However, this feature is not yet possible with imported names, something the organization promises to address.

“We plan to launch a solution later this year that will allow users to convert their DNS names to ENS in NFT ERC 1155,” the COO added.

Another element to consider is that the ownership of a DNS name cannot be guaranteed by the ENS system, as the owner of a domain can change it at any time.

The .eth names are native to ENS, which is the only source of truth for who posts a .eth name.

ee one in particular, and there are no administrator powers in ENS to remove a user’s .eth name. However, these admin powers ultimately exist for DNS names in ENS. Because whoever owns the name in DNS can always claim the corresponding name in ENS.

Ethereum Name Service on its Medium blog.

As CryptoNews reported earlier this year, the implementation of smart contracts for domain system name integration had been launched on Ethereum’s Ropsten testnet.