A domain registry manages the reservation of Internet domain names. In the context of blockchain, a domain registry has a similar role but focuses on unique identifiers or addresses within a specific blockchain network.These registries operate in a decentralized manner, allowing users to purchase, sell, or transfer domain names directly on the blockchain. The property rights to a domain are confirmed via smart contracts, ensuring security and transparency.Users can create human-readable addresses, making it easier to send and receive cryptocurrency. For example, instead of using a complex alphanumeric address, a user could simply use a name like “example.crypto.”Domain registries also play a crucial role in managing the lifecycle of these domains, including registration periods, renewals, and disputes. They enable blockchain-based identities, which can enhance online interactions, improve branding, and reduce the friction involved in cryptocurrency transactions.Overall, domain registries facilitate a user-friendly experience while leveraging the advantages of decentralization and blockchain technology.