PRESS RELEASE {/netabare}
PRESS RELEASE Now that the btc domain is here in bitcoin, it is really time to rejoice. BTCDomain is a user-friendly domain system built on bitcoin that allows users to start registering, trading, and searching for btc domain names. The combination of Ordinal and Zero Knowledge (ZK) technology allows all metadata to be securely stored on the bitcoin network while maintaining consistent domain registrar and resolver integrity.
Why are blockchain domains important?
Domains serve as a symbol of personal identity. The simplicity of using a. btc domain for transactions not only prevents transfer errors due to complex wallet addresses, but also protects users from clipboard substitution attacks which change the wallet address in the process of copy-pasting, one of the most common and repeated fraudulent activities.
Also, memorable domain names are essential for effective marketing and brand recognition of a company or brand. Therefore, a distinctive domain name can be a major competitive advantage for a brand seeking to stand out in an age of information overload. In short, a great domain name can make a big difference in today’s era of online competition.
Storing Data on the Bitcoin Network
First and foremost, we must 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, and its definitions and functions are primarily aimed at completing various payment scenarios and cannot handle more complex business logic.
So how does BTCDomain actually storedata on the BTCnetwork? The solution is to use 63} ordinalization technology {/netabare} Ordinals distinguish these satoshis by assigning a sequential number to 1BTCThis is equivalent to 100 million satoshis. satoshis use their sequence numbers to create a stable identifier that can be assignments; Ordinals call this “attachment” operation “inscribing,” which is similar to the minting process of the Ethereum NFT.
Additionally, all inscription data is stored on the blockchain rather than on external storage such as IPFS or AWS S3, making it truly decentralized and stored on the blockchain with all other bitcoin transactions. To achieve this, the .btc domain is inscribed as formatted JSON text into the Bitcoin mainnet, with each domain being a unique inscription likeBTC
Don’t trust, just check
Here is an example of how to decode the bitcoin network satoshi. btc data satoshi. btc genesis transaction history or using any Bitcoin Explorer transaction “4d8cf99819690c37fcd62b63f3b7f357d71fd7f5c0de058f 60180545f44fc63” and turn it into a JSON view. After this, simply copy the second “witness” portion and paste it into any “ hex to string conversion ” tool.
If done correctly, this satoshi. btc metadata can be viewed. The user’s domain metadata is securely stored within the bitcoin network for as long as it exists. In addition, each bitcoin full node will retain a copy of the user’s valuable domain name, ensuring its longevity and accessibility.
You can also search for more domain metadata at btcdomains. io with “Inscription id” without “i0” at the end, as in117} transaction hashes can be used to examine the metadata of any registered domain on the bitcoin chain.
Bitcoin Transactions to. unlock btc domain transactions&PSBT
If the question arises as to how to trade btc domains, the answer lies in bitcoin transactions. The user’s domain is linked to Satoshis through sequence numbers, as described above. When a user sends a Satoshis to another, the associated nameplate is also transferred. This procedure facilitates the buying and selling of domains.
Another useful Bitcoin feature is “Partially Signed Bitcoin Transactions” (PSBT). This feature allows users to trade selected satoshis with people who have a specific amount ofParticipate in user-friendly transactions on ordinal trading platforms such as BTC Magic Eden“. by utilizing PSBT. Overall, the trading experience is certainly comparable to Ethereum, the main point of difference being that this is for Bitcoin instead.
Increased security&Gaining trust in technology with zero knowledge
To address concerns about malicious data servers and the need for high trust in the domain, it is important that servers abuse their power toredirects, it is important to consider the possible consequences of sending BTCto unintended recipients. To address this issue, BTCDomain uses ZK technology.
ZK technology uses advanced mathematical techniques to create a highly reliable computing environment; it is possible to run a program on a single computer and generate both output and ZK proofs; by verifying ZK proofs, anyone can confident that the program was executed without tampering. In this way, it is possible to prevent the data server from performing unauthorized actions.
Simply put, ZK technology creates a trusted environment that protects against malicious behavior and ensures the integrity of transactions. Combined with Ordinal’s ability to turn Bitcoin into a data-enabled chain, it allows users to build systems that function similarly to smart contracts while relying solely on Bitcoin. Thus, users can have greater confidence in the security and reliability of systems with ZK technology deployed.
BTCDomain: opening a new era of decentralized domains&Enhancing Bitcoin Security”
In summary, by introducing the innovative concept of btc domains, BTCDomain is revolutionizing the bitcoin ecosystem. It is creating a decentralized, secure, and user-friendly environment for the registration, trading, and retrieval of btc domain names. This breakthrough technology has the potential to reshape the online identities of individuals and businesses, making transactions simpler and more secure.
Additionally, the frictionless transaction experience of bitcoin trading and inscription by PSBT combined with the robust security of ZK technology paves the way for a new era in the blockchain domain landscape. BTCDomain opens up a bright future for the Bitcoin network by combining the benefits of Ordinals and ZK technology, and is true to the decentralized nature of Bitcoin while bearing a strong resemblance to smart contract functionality.
In conclusion, embracing BTCDomain is an important step toward greater adoption and ease of use, as it bridges the gap between the blockchain and traditional Internet infrastructure.
For additional information and regular updates, please see official website{/180} with Twitter , Discord , Medium , and GitHub channel
This is a press release. Readers should exercise their own due diligence before taking any action related to the advertised company or any of its affiliates or services. bitcoin. com is not responsible for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on the content, goods or services described in the press release. and shall not be liable, directly or indirectly, for any damages or losses alleged to be.
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