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@michael_saylor bought the http://voice.com domain name when it was dirt cheap and sold it for $30 million in 2019 - the biggest domain sale to date.
Registering a .eth today is the equivalent to registering a .com in the 90s.
thread ->
@oneseventwonine @ensdomains
Registering a .eth today is the equivalent to registering a .com in the 90s.
thread ->
@oneseventwonine @ensdomains
Unlike traditional domain registrars, the Ethereum Naming Service (ENS) stores domain ownership on the ethereum blockchain.
It's censorship resistant as you'd expect from a blockchain native solution. Upload your site to IPFS (p2p storage) and link it to the .eth
It's censorship resistant as you'd expect from a blockchain native solution. Upload your site to IPFS (p2p storage) and link it to the .eth
ENS is to crypto addresses as DNS is to IP addresses. Enables dealing with yourname.eth instead of an unreadable hash.
There's no way crypto adoption becomes ubiquitous until it becomes easier to use. ENS solves one part of that by abstracting away crypto addresses.
There's no way crypto adoption becomes ubiquitous until it becomes easier to use. ENS solves one part of that by abstracting away crypto addresses.
One stop shop for your online profile, stored on the blockchain. Completely distributed alternative to something like Linktree.
E
xcuse the cliche, but this makes it important to get yourname.eth while you still can.
E.g. @BrantlyMillegan below
E
xcuse the cliche, but this makes it important to get yourname.eth while you still can.
E.g. @BrantlyMillegan below
Ok, now how do you actually do it? I'll assume you're totally new and don't own any eth yet. Skip to step 6 if you already have your eth wallet set up.
1. Install the MetaMask crypto wallet. Available as a browser extension. https://metamask.io/download.html
2. Set up a new wallet and seed.
3. IMPORTANT. Write down your 12 word phrase and keep it somewhere safe. These control your crypto funds.
Cold storage (offline) is best. Can be as simple as writing it on a piece of paper.
Cold storage (offline) is best. Can be as simple as writing it on a piece of paper.
4. Best practice: Write words 1-6, 3-9, 9-3 on seperate sheets of paper and store in different locations.
It's redundant - you can lose one sheet and can still recover the full seed.
No central point of failure - a hacker needs to compromise two sheets to do anything.
It's redundant - you can lose one sheet and can still recover the full seed.
No central point of failure - a hacker needs to compromise two sheets to do anything.
5. Quickest way to buy eth is to do so within meta mask.
But for anything more than a small one time purchase it's worth it to sign up for coinbase account. (Use coinbase pro for lower fees).
https://www.coinbase.com/dashboard
But for anything more than a small one time purchase it's worth it to sign up for coinbase account. (Use coinbase pro for lower fees).
https://www.coinbase.com/dashboard
6. Go to https://app.ens.domains/ and check your domain for availability.
Choose how many years you want to register the domain for. I recommend min 5 years. (The yearly fee is quite small compared to the one time gas fee, so best to register multiple years at once).
Choose how many years you want to register the domain for. I recommend min 5 years. (The yearly fee is quite small compared to the one time gas fee, so best to register multiple years at once).
7. Connect to the ethereum network with the button on the top left. MetaMask will popup and ask you to confirm. Press yes.
8. Click request to register and MetaMask will popup asking you to confirm the transaction. Press yes. It might take a few minutes for the transaction to confirm. You can check the progress on https://etherscan.io/ (Enter your wallet address from MetaMask and view transactions)
Once you've completed the three steps, congrats! You now own the .eth domain! As long as you renew it, you'll claim will be to that name will be forever stored in ethereum blockchain.
9. Click "Set Reverse record" and select your name and then press save. This is allows ethereum applications to interact with yourname.eth instead of a raw eth address.
10. Go to the records page. Here you can set addresses for all your crypto holdings (not just eth). You can also set your email, twitter, github etc to create one stop shop for your online identity.
Click confirm and submit it to the blockchain!
Click confirm and submit it to the blockchain!
11. (optional) Top up your eth. E.g. if you spent the equivalent of $50 registering the domain, buy another $50 worth of eth.
Pay for the things in its dollar equivalent not in eth/btc. Don't be the guy who bought two pizzas for 10,000 bitcoin without replacing the bitcoin!
Pay for the things in its dollar equivalent not in eth/btc. Don't be the guy who bought two pizzas for 10,000 bitcoin without replacing the bitcoin!
There's more cool stuff you can do with ENS like import a traditional DNS name, or point towards hashes for IPFS files. https://ens.domains/ for more
RT if this thread was helpful! This new twitter is my experiment with pseudonymity ( @balajis), more tweets coming!
RT if this thread was helpful! This new twitter is my experiment with pseudonymity ( @balajis), more tweets coming!
