As the web3 market grows and decentralized identity systems getting more popular. Since 2022, domain-based systems like Ethereum Name Service (ENS) have gained popularity.
The result was the formation in Web3.com. Web3.com project.
Its most popular product, Web3ite Pass, is an ecological credential that connects web3 and web2 worlds. It’s an NFT issued on Ethereum and is compliant with the ERC721 standard.
“Web3ite,” as it’s known, is “Web3ite” is a combination of “web3” and “website,” representing the fusion of Web3 and other traditional systems.
This article reviews Web3ite Pass and ENS, looking at various aspects like technological solutions, scenarios for application and future prospects.
Ethereum name service (ENS)
The Ethereum name service, also known as ENS is a decentralized, scalable name system that runs using Ethereum. It is a secure and uncentralized method of addressing resources on and off chain using humans-friendly mapping names.
1) Domain name service that is decentralized
ENS provides the decentralized service of domain names like internet URLs that have an “.eth” suffix. This eliminates the need for a lengthy and error-prone address, like – 0x329909A567b87b6123462c3062e8438BBB75c2c6, when transferring funds onchain. Instead, users can type an easily remembered combination of letters, like “abcd.eth,” when transferring funds.
2) Website that is decentralized, and has hyperlinks to the domain name of the traditional
Since its inception in the year 2017 ENS has grown from an Ethereum address mapping solution to support IP addresses online. This decentralized mapping management relieves users of the task of determining domain names.
3.) Identity decentralized (DID)
Users are able to add personal data to their ENS records and store their records on Ethereum for a secure identity.
ENS is a key service within the Ethereum and the future blockchain ecosystems. Each person within the Ethereum ecosystem must possess at the very least an ENS Domain name. ENS domains are powerful symbolic for individuals and businesses alike. They could be a major element of the future metaverse.
Presently, ENS is the most widely used blockchain naming system. There are 2.8m domains, and over 649k users.
Web3ite Pass
Web3ite Pass is an ecosystem credential created by Web3.com that connects both the Web2 and Web3 realms. Every Web3ite Pass corresponds to a third-level domain on Web3.com and includes “bitcoin.Web3.com” for the Web3ite Pass that is named “bitcoin.” Once users choose an appropriate name and issue the Web3ite Pass NFT, they are able to:
(1) show home page with an Web3.com third-level domain for the address
Users can design or edit an additional third level domain site that has the same name like Web3.com’s Pass on Web3.com. The page can be used as a business card digitally that includes links integrated into it and additional details. The Web3.com domain serves as the access link for the card, which has a unique display value and is easy to remember, suitable for personal users and projects/organizations in web3. It also functions as a showcase page to display specific themes’ content. Users can modify and display introductions, profiles and biographical information, as well as blockchain address social links, blockchain address, and other details within the pages, fulfilling the essential functionality of a business card. In the future, enriched display content will be expanded according to different needs perspectives, individual users, and projects/organizations, including multi-dimensional information both on-chain and off-chain.
(2) A chain domain name for an identity sign
Web3.com is a classic DNS domain name that has not been listed on blockchain. With the help of existing infrastructure on-chain like ENS an interface to blockchain has been created for domain names that are traditional. In Ethereum, Web3.com will be registered under the ENS protocol. Web3ite Pass holders can use the domain name of third level that is linked with their Pass as an on-chain identity in apps which support ENS. For instance, typing “yourname.Web3.com” in the address field of a wallet will move funds into the account that corresponds to the Pass offering an experience that is similar as ENS domain name transfer. The difference is that Web3ite Pass is not restricted to Ethereum only. It will be used on other blockchains in the near future. This implies the Web3ite Pass will build an identity marker that incorporates multiple chain information about data, and is a service for individuals and organizations as well as project/project users.
(3) Web3 mailbox
In their dedication to connect the web with Blockchain technology, this platform also offers Web3 service for mailboxes. Possessing the Web3ite Pass will qualify users to get an exclusive mailbox that has the identical name.
The Domain Name System is an important infrastructure on the internet with wide consensus and recognition. Web3 ought to acknowledge this consensus. This is why Web3ite Pass attempts to integrate the traditional domain names from the off-chain domain into web3 and gives it new value that is based on the web3’s characteristics. The possibility of exploring additional products is to provide Web3ite Pass more value, making it more integrated and advancing.
Comparison of product
Web3ite Pass is similar to ENS and other domain names when you compare the functions of the on-chain. But its distinctive feature is the stronger connection between off-chain and on-chain information. The homepage for off-chain display and the on-chain domain name functions are in sync by displaying authentication and authorization information displayed in the page of display enhancing the identity details of the domain name on-chain.
Here are two instances to show this:
In the first place, knowing who is the owner of the address used in the transaction might be helpful in order to obtain information on an account record by using the block explorer or other ways. If the person who initiated the transaction wishes to make public their identity known and identity, the Web3.com domain’s name an excellent option because other people can browse their Web3.com webpage to get information about the person who owns the address.
Additionally, there is the possibility of unauthorized operations or phishing transactions in the interactions using smart contracts. If a project’s smart-contract address is using the Web3ite Pass domain name, users are able to easily access the display page for domain names while they are in the process of interaction and verify that the validity of the contract using the authorization and authentication details displayed on the page, securing their investments.
Two examples show the advantages of linking both off-chain and on-chain data and the importance of bringing consensus-based mechanisms that were developed on the internet of today into web3.
Conclusion
ENS is an online service that lets you map Ethereum addresses to simple-to-remember sets of letters. This service was working over the past five years and is completely decentralized and is onchain. It hosts millions of domains registered, providing fast and efficient domain name registration services to customers who use Ethereum. The service is also trying to get an .eth top-level domain through ICANN in order to integrate ENS into the larger web-based consensus mechanism.
Web3ite Pass, on the contrary, isn’t directly competing with ENS. Instead, it makes use of ENS as well as other infrastructure on-chain to integrate the web2 domain name network and consensus to the decentralized web3 world. This solution offers an entire domain identity and name system, as well as information aggregation tools that connect the web2 platform and Web3. Web3ite Pass is aiming to be an online portal that facilitates the integration of more Internet users to the blockchain.
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