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

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,224 0.16 % 0.27 % 4.00 %
Ethereum3,152.4 0.12 % 0.90 % 6.68 %
Binance Coin466.47 0.59 % 0.65 % 4.20 %
Tether1.000 0.07 % 0.18 % 0.10 %
USD Coin1.000 0.01 % 0.12 % 0.09 %
Cardano1.350 0.23 % 5.32 % 3.60 %
Solana138.01 0.58 % 1.15 % 9.16 %
XRP0.7441 0.16 % 0.51 % 7.28 %
Terra82.31 0.29 % 2.60 % 0.02 %
Polkadot24.59 0.10 % 0.55 % 10.10 %

bitcoin
Bitcoin (BTC) $ 42,239.00
ethereum
Ethereum (ETH) $ 3,154.81
binance-coin
Binance Coin (BNB) $ 468.21
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
cardano
Cardano (ADA) $ 1.36
solana
Solana (SOL) $ 137.94
xrp
XRP (XRP) $ 0.74298
terra-luna
Terra (LUNA) $ 82.62
polkadot
Polkadot (DOT) $ 24.68