Just like cryptocurrencies, blockchain domains represent a new class of assets that belong to the owner, and not to a third party or central authority. The owner has a private key to their domain, so the domain will be entirely under their control.
What are the advantages of blockchain domains? First of all, they are more convenient to use for transactions than traditional wallet addresses. Now a traditional wallet address consists of around 35 characters, which is naturally hard to remember and very easy to confuse. For a person who wants to transfer cryptocurrency funds, it will be enough to enter a wallet-related domain name and send cryptocurrency to it directly. The second advantage relates to content, mainly. Blockchain domains can not be blocked or censored. Now, the registrar has the right to revoke your domain following court decisions (or even without a court decision). In the future, it could hardly be possible with blockchain-based domains. The domain is your asset. You are the sole owner of it and have complete control over it…
