Web3 DNS May Lose Its Web Address – The Person Who Renewals It Will Go To Jail

Web3 DNS May Lose Its Web Address – The Person Who Renewals It Will Go To Jail

Because the only individual who can renew Web3 DNS’s web address is currently incarcerated, there is a possibility that it will expire.

At this time, the only thing that the ENS DAO community is able to access on the eth.link website is a blank page with a domain expiration notification banner in green at the top.

This is due to the fact that Virgil Griffith, the only person who has the authority to renew the name, is currently serving a 63-month prison sentence for assisting North Koreans in using bitcoins to circumvent sanctions and has been unable to renew the domain from prison due to the fact that he is the only person who has the authority to do so. As a result of this, there is a possibility that the Web3 DNS will lose its web address.

According to a notification that was posted late Friday night on the website of the domain registrar GoDaddy, the domain name eth.link had its registration expire on July 26. It is scheduled to be returned to a domain registry on September 5, after which it will be made available to anyone who is qualified to take it.[rb_related title=”More Read” style=”light” total=”4″]

The ENS Decentralized Autonomous Organization (DAO) is a decentralized autonomous organization (DAO). It is responsible for governing the Ethereum Name Service Protocol, which is essentially a Web3 adaptation of a Domain Name Service provider. ENS is the technology that serves as the foundation for the many.eth domain names that have recently emerged in the Ethereum ecosystem. In order for users to get ownership of their own domain names, they have acquired domain names ending in.eth.

ENS identities can then be connected to wallet addresses, which makes it simpler for users to send and receive cryptocurrency (instead of having to type out a long, complex Ethereum address).

The DAO depended on the eth.link website in order to acquire information about each and every ENS name. In the past, ENS DAO has suggested to its user base that they check out eth.limo, which is another domain that is operated by the community.[rb_related title=”More Read” style=”light” total=”4″]

According to a post from the ENS DAO Twitter account, EasyDNS CEO Mark Jeftovic had previously established an agreement to prolong the domain address for another year when the domain provider apparently decided to stop honoring the contract “suddenly” and “without warning.”

ENS has had phenomenal expansion over the course of the past year, having surpassed 2 million domain name registrations as of August 17 of this year. It took ENS five years to register its first million names, but it only took three years and five months to reach its second million.