2 ms·

Let's pretend that in my mind, "NFT === JPEG === scam for idiots and speculators" - what is a "blockchain domain," why does it have to be an NFT (or why is bein

by pc86 4y ago

Let's pretend that in my mind, "NFT === JPEG === scam for idiots and speculators" - what is a "blockchain domain," why does it have to be an NFT (or why is being an NFT better than not being one), and how is it different from the above?

ZiiS 4y ago
blockchain domain are equivelent of domain names in DNS, i.e. they ae human readable wallet addresses. Making them nonfungable is a requirment (If it pointed at two wallets someone else could get your payment). Making them decentralised is a requirement to prevent someone else (and so ultimatly govenments) to decide where your payments go.