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The Internet Learned its Lesson the Hard Way in 1990 - Crypto is Following the Same Lines
Manage episode 513390332 series 3474370
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This story was originally published on HackerNoon at: https://hackernoon.com/the-internet-learned-its-lesson-the-hard-way-in-1990-crypto-is-following-the-same-lines.
Web3 domains are transforming crypto accessibility by replacing 42-character wallet addresses with memorable names, just like DNS revolutionized the internet.
Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #crypto-adoption, #digital-identity, #crypto-wallets, #blockchain-identity, #decentralized-naming-systems, #self-custody-wallets, #web3-infrastructure, #hackernoon-top-story, and more.
This story was written by: @olaoluwajohn. Learn more about this writer by checking @olaoluwajohn's about page, and for more stories, please visit hackernoon.com.
Crypto wallets face the same usability crisis the early internet did in 1990 when users had to remember IP addresses instead of simple domain names. Web3 domains are solving this by converting complex 42-character wallet addresses into easy-to-remember names like traditional websites. With 10 million domains already registered and the market projected to hit $6 billion by 2025, Web3 domains are becoming the foundational identity layer for decentralized applications, making crypto accessible to mainstream users while reducing errors and lost funds.
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