What is a Web3 domain? Have you ever used a Web3 domain at this time? Let's Review!

I think my friends are very familiar with the term Web 3." However, there is one thing in Web3 that has recently been used very frequently by most crypto asset owners, especially on networks that support Web3 and are also interoperable, namely the Web3 domain.

Hmmm... Web3 domains? Moreover, is it some kind of website domain?

Instead of us wondering in confusion, let's just review it!

Friends, have you ever seen a complicated hexadecimal crypto wallet address like the one below?

0x825dBc14F33e1Be27C0209e01fA3A77a2335662B

Well, of course, this is a wallet that is very difficult and even complicated to memorize if you want to interact with it, for example, if you want to send crypto assets to the wallet address.

Finally, with the development of cryptography, which continues to grow to this day, the web3 domain was created.

The role of the web3 domain here is to change the hexadecimal number in the wallet address into a name, with the domain ending added.

example like this.

gitshock. bnb

Of course, having a Web3 domain will give us some advantages that we don't get when using conventional wallet addresses, such as.

• Users can send and receive cryptocurrency payments more conveniently without having to remember complex addresses.

• It offers dApps access that is user-friendly and has readable usernames.

• As a digital identity, it enables users to manage their online persona and reputation.

• Web3 domains, like ENS ethereum name service and UD unstoppable domains, are used to take payments in many cryptocurrencies and can represent several blockchain networks.

Of course, the development of blockchain technology allows us to continue to make it easier to use wallet addresses.

The presence of the web3 domain, of course, will make it easier for someone to easily transfer assets or interact with other wallets.

However, to get a web3 domain, we have to subscribe annually because this service is not provided free of charge.