Domain registrar GoDaddy turns Internet addresses into Ethereum wallets – BitcoinBlog.de – the blog for Bitcoin and other virtual currencies

A milestone for the user experience: GoDaddy allows classic Internet addresses to be connected to an Ethereum address – and thanks to ENS, the wallets understand this too. Any domain can receive anything sent on Ethereum.

At GoDaddy, the registrar announces, “we bridge the gap between domain names and blockchain technology.”

In fact: GoDaddy is now integrating ENS domains, making classic domains part of the ENS system. With literally three clicks, the registrar’s customers can upgrade their domain to an Ethereum wallet, allowing them to receive anything sent on Ethereum – Ether, stablecoins, tokenized Bitcoins, NFTs, GmbH shares… all you have to do is insert an Ethereum address , which you manage in your own wallet.

This is a milestone for the user experience. It’s just a short jump from here to it becoming normal to use an email address as a wallet address.

We’re thrilled to announce our partnership with @GoDaddy 🎉

Millions of customers can now use their DNS domains in the ENS ecosystem!

Let’s dive into what this means👇 pic.twitter.com/PyrZi4e5cV

— ens.eth (@ensdomains) February 5, 2024

Unlike the .eth domains, which allow you to link Ethereum addresses to domains like bitcoinblog.eth, you don’t have to pay any fees with GoDaddy. The registrar explains that ENS has found a solution “that allows crypto wallets, apps and service providers to link a domain name without paying gas.”

The name of this concept is “Gasless DNSSEC”. In principle, the ENS team explains, it has long been possible to “import DNS names into ENS without any fees.” However, the smart contracts that serve as resolvers in the transaction, i.e. that translate the domain names into addresses, are involved , the necessary data from the Ethereum blockchain, such as the DNSSEC proof. Since this is relatively extensive, the link could be expensive, sometimes several hundred euros.

Gasless DNSSEC, confirmed by the ENS-DAO on January 18th, is now changing this. It implements EIP-3668, also called CCIP Read. This is a standard that allows smart contracts on Ethereum to obtain and verify data “offchain”, i.e. not from the Ethereum blockchain itself, but from external sources – for example the domain mentioned in a transaction.

CCIP was proposed by Nick Johnson, founder and lead developer of ENS Labs, back in 2020. The integration into GoDaddy is, so to speak, the completion of a long plan. Through it, ENS minimizes the onchain load on the resolver smart contract, which can be addressed in transactions.

GoDaddy customers can activate the feature in just a few clicks. But customers of other hosts can also upgrade their domain to an Ethereum wallet relatively easily, provided the host allows it: All you have to do is activate DNSSEC in your domain management and then add a text file that contains your own address and the address of the ENS resolver.

Gasless DNSSEC makes it extremely easy to significantly upgrade a domain. There is therefore a good chance that it will quickly become widespread across the board.