Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 7 May 2021, 18:28 HKT/SGT
Share:
    

Source: Butterfly Protocol
Butterfly Protocol Announces New Program to Allow Full Blockchain Top-Level Domain Sponsorship and Control

Saint Kitts and Nevis, May 7, 2021 - (ACN Newswire) - Butterfly Protocol (www.butterflyprotocol.io), the blockchain-based web naming system built for the decentralized internet, today announced that it is opening up additional sponsorship options for top-level domains (TLDs), allowing anyone to create and totally control their own decentralized, token-powered ecosystem. This move compliments the original sponsorship option where TLDs can be sponsored and are controlled by the common governance contract.

The movement to a decentralized web has been accelerating recently due to highly visible censoring such as Facebook's ban on allowing Donald Trump access to posting, the takedown of the Parler social media app and the continuing restrictions on free speech by authoritarian governments. Blockchain domain systems such as Unstoppable Domains, Handshake and ENS have been paving the way for making the decentralized and distributed web accessible and Butterfly is taking that access to a new level.

As opposed to the existing platforms, Butterfly allows for the sponsorship of practically any TLD. Rather than being stuck in the confines of .crypto or .eth as TLDs, sponsors can create their own such as .token, .defi or even .trump, .biden, or .obama. As a decentralized autonomous organization (DAO), Butterfly does not limit the community to what can be created but there are measures being initiated soon to discourage the use of existing TLDs from other sources and those that are clearly trademarked.

The process to sponsor TLDs can come in two forms. The light version where anyone can go to the ButterflyProtocol.io domain panel and contribute approximately 9000 BFLY tokens to initiate the creation. Or the custom option where it requires 100,000 BFLY tokens for complete control of that TLD's domain environment. For custom requests, Butterfly support works directly with the sponsor for the creation of the TLD and the subTokens associated with that name.

To learn more about the Butterfly Protocol, the BFLY token and how to participate in the quickly evolving decentralized web, please click here.

About Butterfly Protocol

Butterfly Protocol is a blockchain-based web naming system built for the decentralized internet. Butterfly's Decentralized Autonomous Organization offers a registry platform that allows people to purchase top-level domains using cryptocurrency in the form of its utility token, BFLY. Butterfly Protocol uses blockchain technology to create a system similar to ICANN without centralized control. Butterfly Protocol allows anyone to suggest, sponsor, or bid on the creation of new top-level domain names, and receive a share of the tokens associated with the name, which they can use to create subdomains and continue growing the decentralized web. Along with domain names, Butterfly allows for each domain address to be used for several unique functionalities, including cryptocurrency transactions, messaging, and social media.

COMPANY CONTACT: info@bproto.io

Source: Plato Data Intelligence (bit.ly/2RsurmV)


Topic: Press release summary
Source: Butterfly Protocol

Sectors: FinTech & Blockchain
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Grand Ming Group Holdings Limited Announces Annual Results for the Year Ended 31 March 2021  
June 19, 2021 16:00 HKT/SGT
Oscar De La Hoya, King Of Pay-Per-View To Return To The Ring on Triller  
June 19, 2021 10:00 HKT/SGT
DeFi Powerhouse Fantom's Native Token FTM Gets Listed on BitFinex and Gemini  
June 19, 2021 04:00 HKT/SGT
Leon Fuat Berhad Shareholders Pass Resolution to Acquire Factory for Rm28.0 Million  
June 18, 2021 18:00 HKT/SGT
IMC Ventures Partners with PIER71 to Invest and Nurture the Maritime and Supply Chain Ecosystem in Singapore  
June 18, 2021 17:36 HKT/SGT
Toyota Yaris WRC to face another 'new' challenge on Africa's return  
June 18, 2021 16:08 HKT/SGT
Hitachi to Donate to COVID-19 Relief Efforts in India and Other Countries  
June 18, 2021 15:19 HKT/SGT
Eisai, Bristol Myers Squibb Enter Into Global Strategic Collaboration for Eisai's MORAb-202 Antibody Drug Conjugate  
June 18, 2021 14:02 HKT/SGT
Malaysia Permission Granted for COVID-19 Test Kit from China for Emergency Use; Homegrown Holista Colltech Receives Initial Order for 15,000 Units for Deployment  
June 18, 2021 14:00 HKT/SGT
Mitsubishi Power Ships JAC Gas Turbine to Brazil: Marlim Azul Project Will Be the Most Fuel-efficient Gas Turbine Power Plant in South America  
June 18, 2021 13:07 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: