Press release
PRESS RELEASE. It really is time to rejoice now that .btc domains have made it to Bitcoin. BTCDomain is an easy-to-use Bitcoin-based domain system that allows users to start registering, exchanging, and searching for .btc domain names. By combining Ordinals and Zero-Knowledge (ZK) technologies, they can securely store all of their metadata on the Bitcoin network while constantly maintaining the integrity of their registrar and domain resolver.
Why are Blockchain domains important?
A domain serves as a symbol of an individual’s personal identity. The simplicity of using a .btc domain for transactions not only prevents transfer errors caused by complicated wallet addresses, but also protects users from clipboard replacement attacksthat change wallet addresses during the copy-paste process and is one of the most common and recurring fraudulent acts.
An easy to remember domain name is also essential for effective marketing and brand recognition for businesses and brands. Therefore, a distinctive domain name can provide a significant competitive advantage for brands looking to stand out in an age of information overload. Simply put, a great domain name could make all the difference in an era where online competition is at an all-time high.
Data storage on the Bitcoin network
First of all, it is important to remember that the Bitcoin network does not support smart contracts. Bitcoin’s built-in programming language is Bitcoin Script, which allows for programmable payment functionality. However, it is not a Turing complete programming language; its definition and functions are primarily intended to complete various payment scenarios and are incapable of handling more complicated business logic.
So how does BTCDomain actually store data in the BTC grid? The solution is to use ordinal technology. Ordinals distinguish these Satoshis by assigning sequential numbers to 1 BTC, which is equivalent to 100 million Satoshis. Satoshis can be assigned a stable identifier using their sequence numbers. Ordinals refer to this “attach” action as “enroll”, which is similar to the Ethereum NFT minting process.
Also, because all enrollment data is stored on the blockchain rather than in external storage like IPFS or AWS S3, it is truly decentralized and is held on the blockchain along with all other Bitcoin transactions. To achieve this, .btc domains are registered as formatted JSON text on the main Bitcoin network, with each domain being a unique registration that is similar to a BTC NFT.
Don’t trust, just check
Here is an example of how to decode satoshi.btc data from the Bitcoin network. Click on the satoshi.btc genesis transaction history or use any Bitcoin explorer to examine the transaction “4d8cf99819690c37fcd62b63f3b7f357da71fd7f5c0de058f60180545f44fc63”. Convert it to a JSON view. After this step, just copy the second part to the “witness” part and then paste it to any “hex to string converter” tool.
If done correctly, it is possible to view the metadata for this satoshi.btc. Users’ domain metadata will be securely stored within the Bitcoin network for as long as it exists. Additionally, each Bitcoin full node maintains a copy of a user’s valuable domain name, ensuring its longevity and accessibility.
Also, you can search for more domain metadata via btcdomains.io. Wearing “enrollment id” without the “i0” at the end as transaction hash, you can examine the metadata of any registered domain in the bitcoin chain.
Unlocking .btc domain trading with Bitcoin and PSBT transactions
If the question revolves around how to exchange .btc domains, the answer lies in Bitcoin transactions. User domains are linked to Satoshis through their sequence numbers, as stated above. When users send Satoshis to another person, the associated enrollment is also transferred. This procedure facilitates the trade of domains.
Also, ‘Partially Signed Bitcoin Transactions’ (PSBT) is a useful feature of Bitcoin. This feature allows users to trade selected Satoshis with anyone who has a specified amount of BTC. They can participate in user-friendly trading on Ordinals trading platforms, such as MagicEden taking advantage of PSBT. Overall, the trading experience is indeed comparable to Ethereum, with the main point of difference being that this is for Bitcoin.
Strengthening security and trust with zero-knowledge technology
To address concerns about rogue data servers and the need for high domain trust, it is critical to consider the potential consequences of a server misusing its power and redirecting BTC to unintended recipients. To solve this problem, BTCDomain uses ZK technology.
Using advanced mathematical methods, ZK technology ensures a reliable computing environment. It allows programs to run on a single computer and generate results and a ZK test. Anyone can confidently confirm that the program ran without tampering by checking the ZK test. This extra layer of protection can prevent data servers from taking unauthorized actions.
Simply put, ZK technology creates a trusted environment that protects against malicious behavior and ensures transaction integrity. When combined with Ordinal’s ability to make Bitcoin a chain of available data, it allows for the creation of a system that works similar to smart contracts while being based solely on Bitcoin. Therefore, users can have greater confidence in the security and reliability of the system with ZK technology.
BTCDomain: Pioneering a New Era of Decentralized Domains and Enhanced Security in Bitcoin
In short, by introducing the innovative concept of .btc domains, BTCDomain is revolutionizing the Bitcoin ecosystem. In this way, BTCDomain creates a decentralized, secure and easy-to-use environment for registering, trading and searching .btc domain names leveraging Ordinals and Zero-Knowledge technologies. This breakthrough has the potential to reshape the online identities of individuals and businesses, making transactions simpler and more secure.
On top of that, the frictionless trading experience of signups via Bitcoin and PSBT transactions, combined with the strong security provided by ZK technology, paves the way for a new era in the blockchain domain landscape. BTCDomain ushers in a bright future for the Bitcoin network by combining the benefits of Ordinals and ZK technology, one that bears a strong resemblance to smart contract functionality while remaining true to the decentralized nature of Bitcoin.
In conclusion, adopting BTCDomain is a significant step towards greater adoption and usability because it bridges the gap between blockchain and traditional Internet infrastructure.
For additional information and regular updates, please visit the official website With Twitter, Discord, Halfand GitHub channels
This is a press release. Readers should do their own due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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