Decentralized DNS

Gain clarity on crypto terminology related to Decentralized Exchanges (DEX). Understand key concepts, trading terms, and technical jargon used in the DEX ecosystem.

Decentralized DNS refers to a system for domain name resolution that operates without a central authority. Traditional DNS is managed by centralized entities that can control and censor websites. In contrast, decentralized DNS utilizes blockchain technology or distributed networks to create a more secure and resilient system.By leveraging peer-to-peer networks, decentralized DNS allows users to resolve domain names in a manner that is transparent and less vulnerable to manipulation. This means that users can access their desired websites without the risk of censorship or unauthorized changes.Decentralized DNS often employs smart contracts to facilitate domain registrations and transfers, ensuring that this information is immutable and verifiable. Moreover, it typically provides users with more control over their online identities and privacy.Overall, decentralized DNS offers a promising alternative to traditional systems by enhancing security, resistance to censorship, and user empowerment while promoting a more open internet.

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