In the 21st century, the internet has connected the entire world in the palm of our hands — with high accessibility anywhere we go. We can receive and send out information at any given time. Which raises the question: How trustworthy are they?
In previous posts, we talked about what are decentralized domains. Now we will discuss how decentralized domains provide security, the importance of security, and why security is important in the blockchain.
How Decentralized Domains Create Security?
Centralized domains compared to decentralized domains are more vulnerable to censorship. Operating authorities have the power to remove registered domains from the registry. However, no single entity controls decentralized domains, and are also distributed — making them censorship-resistant. Not only decentralized domains are anonymous like Bitcoin transactions, but they also provide better reliability and certification.
How users make the most out of decentralized domains is by having the authorization to make constant updates to the domains — reducing the chances of their domains being hacked or stolen online.
Why Security is Growing to be more Important?
In countries with authoritative governments, information and websites takedowns go beyond the illegal spectrum. China, for example, removed information about the Hong Kong protests and coronavirus in their country due to ownership of centralized domains.
Decentralized domains are more trustworthy when removing the trust of the ICANN (Internet Corporation for Assigned Names and Numbers). Owning decentralized domains is almost essential in our current day of age, especially for organizations with monumental power. Sending out crypto transactions anonymously can be achieved without the use of personal phone numbers or home addresses when owning decentralized domains — hence the growing importance of security in our current digital world.
Decentralized domains are immutable public ledgers, making transactions impossible to be altered. With instant and transparent transactions through decentralized domains, participants can verify the authenticity of each transaction — with no intermediary fee.
How it’s Truly more Important in the Blockchain to be Secured?
Blockchain security is of utmost importance with the trending rise of Web3. In recent years, cyber hackers targeting government databases, usernames, social security numbers, birthdates, and other personal information — are all at potential risk of being stolen.
Governments and major corporations could rely on blockchain security as it provides transparency through decentralization for stakeholders to verify data. Blockchains also allow
independent verification of government claims, which could be beneficial to resolve property disputes.
Blockchain technology could allow citizens to vote more discreetly on certain topics, such as new legislation. Voter’s input can be trusted with blockchain security for their representatives who deal with the decision-making process.
For crypto and blockchain enthusiasts, utilizing decentralized domains is the perfect head start for them to get the benefits of this state-of-the-art technology. Users also have the ability to connect their domains on a peer-to-peer hosting platform like IPFS (InterPlanetary File System), social media accounts, emails, and chat protocols for identity verification.
So is there a way to say no to scammers, fashionably? With the reliability and high-level security of decentralized domains, people can be guaranteed to trust blockchain security with the decentralized domain system to further enhance their organization’s personal security.
References ● https://blog.cpanel.com/what-is-a-decentralized-domain-name-system/ ● https://builtin.com/blockchain/censorship-decentralized-domains ● https://www.simplilearn.com/tutorials/blockchain-tutorial/why-is-blockchain-important# blockchain_security ● https://www.newamerica.org/digital-impact-governance-initiative/blockchain-trust-acc elerator/around-the-blockchain-blog/how-could-blockchain-power-government-servic es-and-uplift-citizen-voices/#:~:text=Blockchain%20technology%20could%20empow er%20citizens,of%20representation%20than%20traditional%20elections.