Domain names have recently emerged as an alternative to hard-to-remember wallet addresses. However, traditional Blockchain Domain Names have a problem: they can only be used within the scope of a blockchain. Therefore, Omnichain Name Services was born to solve this problem, allowing domain names to operate on many different Blockchains. So what is special about Omnichain Name Services? Let’s find out with Weakhand in this article.
What Are Blockchain Domain Names?
Overview of Blockchain Domain Names
Blockchain Domain Names are active domain names and are stored in a decentralized network on a public ledger so anyone can access them and are guaranteed through Smart Contracts.
Users can use this Domain Names as an alternative display name for their wallet address on various blockchain applications. These Domain Names exist on the blockchain as NFTs and users can trade them on major NFT Marketplaces such as: OpenSea, Magic Eden, ….
Users need to store their Domain Names in the wallet then readjust their usernames through the domain name service. This will allow users to connect their domains to any wallet they want, in some cases to multiple wallets on different blockchains.
Some popular Domain Names providers in the Crypto market
Similar to domain names in web2 systems, Domain Names in the Crypto market also need service providers to operate and operate. Here are some Crypto Domains Providers:
Ethereum Name Service (ENS)
Ethereum Name Service (ENS) is an electronic domain name service on Ethereum launched on May 4, 2017 by Alex Van de Sande and Nick Johnson from the Ethereum Foundation. ENS allows users to display easy-to-remember text names as an alternative to Ethereum public wallet addresses. For example, users can use the name “HakResearch.eth” instead of the long, hard-to-remember wallet address “0xAb5801…”
Unstoppable Domains
Unstoppable Domains is a domain name service founded in 2018. Unstoppable Domains provides domain names minted on the blockchain to help users own and control their digital identities without having to pay renewal fees. . Currently Unstoppable Domains is supporting domain names with the following extensions: .crypto, .nft, .blockchain, .bitcoin,….
SpaceID
Space ID (SID) is a decentralized domain name provisioning service deployed on blockchains (Ethereum, BNB Chain and Arbitrum). SID allows users to register, exchange and manage domain names with the aim of connecting individuals, information, assets and applications in the digital world seamlessly.
Overview of LayerZero & Omnichain
Introducing LayerZero
LayerZero is a Cross-chain infrastructure protocol, however Layer Zero is only responsible for building a system for transmitting/receiving messages between blockchains and building security for this system. Currently, Layer Zero only focuses on supporting EVM Blockchain and Layer 2 but in the future they also plan to support non-EVM Blockchain.
Layer Zero allows projects and platforms to use their technology platform to transfer assets from one blockchain to other blockchains. So when participating in the Layer Zero ecosystem, all projects will inherit the connection between Layer Zero’s existing blockchains, thereby focusing on building and bootstrapping liquidity.
Overview of Omnichain
Omnichain is a concept introduced by Layer Zero itself. For conventional Cross-chain solutions, assets after being transferred from blockchain A to blockchain B will be in the form of wrapped tokens. Because there are so many different Cross-chain solutions, it leads to a situation where although the starting point is all one token, when going to blockchain B, there are too many different warped tokens.
Omnichain allows you to transfer native tokens from chain A and receive native tokens from chain B. This does not generate warped tokens nor does it cause liquidity fragmentation. This is the breakthrough of Layer Zero and Omnichain.
What is Omnichain Name Services?
Omnichain Name Services is a domain name system applying LayerZero’s Omnichain technology that allows users to use their domain names on many different blockchains. With Omnichain Name Services, your domain name is not just fixed to a specific blockchain but can operate and move seamlessly between different blockchains.
What is Omnichain Name Services?
For example: Let’s look at a simple example of motorcycle license plates in different countries. Normally, license plates are only licensed for domestic vehicles while foreign license plates will not be used in that country. However, with Omnichain Name Services, it is like a license plate that can be recognized and used in any country without restrictions, making it an extremely convenient solution.
For example, if a user owns a .eth domain on Ethereum, that domain name only works within the Ethereum ecosystem. However, with Omnichain Name Services the same .zk domain (issued by Star Protocol) can exist and operate on different blockchains such as Ethereum, zkSync, Polygon,… This interoperability enhances flexibility. The potential functionality and utility of blockchain domains. That means users can interact with different blockchain networks without having to register and manage multiple costly domains.
The First Omnichain Name Services
Base Name Services
Base Name Services is a platform that provides decentralized domain name registration services for wallet addresses, smart contracts, and applications built on the Base Blockchain.
Base Name Services is a product in the Star Name Service toolkit developed by Star Protocol. Similar to Ethereum Name Service, Base Name Service creates domain names as ERC-721 standard NFTs to ensure uniqueness and enhance user sovereignty. However, what makes Base Name Services much different and superior to ENS is the Omnichain feature provided by LayerZero. This feature allows domain names registered on Base Name Services to exist and operate seamlessly on many different blockchains without being limited to a certain blockchain.
ZkSync Name Service
ZkSync Name Service is a domain name service on ZkSync that is part of the Star Name Service toolkit developed by Star Protocol. Similar to Base Name Services, ZkSync Name Service also provides Omnichain Name Services solution that allows users to register .zk domain names that can be used on many different Blockchains such as: Ethereum, ZkSync, Polygon,…
summary
Omnichain Name Services is a new domain name service that allows users to use their domain names on many different blockchains. This brings a lot of benefits to users such as: Reducing the cost of buying domain names,… Above is all the information I want to provide in this article, hope everyone has received useful knowledge.
