Butterfly Protocol improves upon ICANN’s centralized management, providing a decentralized registry platform for top-level domains and censor-free content material administration
/EIN News/ — SAINT KITTS AND NEVIS, Jan. 14, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) Butterfly Protocol (www.butterflyprotocol.io) at present introduced the launch of its blockchain-based internet naming system constructed for the decentralized web. A direct enchancment, Butterfly Protocol gives a substitute for ICANN — the centralized group at the moment answerable for internet naming databases and administration of the area identify system (DNS) — by providing a decentralized registry platform for top-level domains that may be bought with cryptocurrency.
Below the management of ICANN, DNS and top-level domains are delegated to gatekeepers like GoDaddy, Google Domains, and Bluehost. With centralized management of the web, censorship has grow to be widespread, even in nations that purportedly assist the liberty of data. Butterfly Protocol is a part of the motion to confront this by constructing a decentralized web.
Not like the basis identify servers of ICANN’s centralized DNS, Butterfly Protocol’s Decentralized Autonomous Group (DAO) permits anybody to recommend, sponsor, or bid on the creation of latest Prime-Degree Domains (TLDs) and obtain a share of tokens related to the identify, which they will use to create subdomains, or DApp ecosystems with out third-party oversight. Past domains, Butterfly permits for every area deal with for use for a number of distinctive functionalities, together with cryptocurrency transactions, messaging, and social media.
“Personal, safe alternate options for internet looking, search and messaging are rapidly gaining traction. Decentralization is turning into increasingly attainable, however nonetheless extra instruments are wanted to make it a actuality for the lots,” stated Dana Farbo, President of Butterfly Protocol. “Butterfly affords a strategy to personal, creator and safe your knowledge, giving customers infinite management. Whether or not you wish to personal your private area perpetually, otherwise you wish to create an ecosystem of DApps, Butterfly provides you the framework and suppleness to do this.”
Showcasing the decentralized and censorship-resistant qualities of the Butterfly platform, early customers can purchase a .HUMAN subdomain identify which can be utilized to publish any sort of content material. No individual or group can block, censor, or cancel your subdomain. Butterfly will supply a number of purchasers: a browser extension to seek for new domains; a devoted browser put in individually that all the time makes use of Butterfly, and a particular DNS server that serves as a bridge to the decentralized internet identify system.
Past the .HUMAN area, house owners of the native Butterfly Protocol token, BFLY, can be sponsoring different domains equivalent to .LEARN for lifelong studying administration, .REPO for GitHub sort repository DApps, .DEFI for decentralized exchanges and extra. To study extra, click here.
About Butterfly Protocol
Butterfly Protocol is a blockchain-based internet naming system constructed for the decentralized web. Butterfly’s Decentralized Autonomous Group affords a registry platform that enables individuals to buy top-level domains utilizing cryptocurrency within the type of its utility token, BFLY. Butterfly Protocol makes use of blockchain know-how to create a system just like ICANN with out centralized management. Butterfly Protocol permits anybody to recommend, sponsor, or bid on the creation of latest top-level domains, and obtain a share of the tokens related to the identify, which they will use to create subdomains and proceed rising the decentralized internet. Together with domains, Butterfly permits for every area deal with for use for a number of distinctive functionalities, together with cryptocurrency transactions, messaging, and social media.
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