The concept of Domain Names In Web3 (ENS)
The World Wide Web has brought billions of people closer to each other. The centralized Web2 helped change the world and lifestyles of almost every human being, and the new generation of Web is expected to do the same. The first version of the Web was in the mainstream till 2004, which was read-only, and the second version of Web2, which we are currently using, supports both reading and writing, meaning Web2 enables content creation by every consumer. But this gives rise to another problem of data ownership and monetization, which almost every informed individual and internet-based companies struggle with; hence Web3, which supports reading, writing, and ownership. The concept of blockchain, smart contracts, and NFTs support the idea of Web3, which is rapidly gaining support from both blockchain enthusiasts and daily internet users. Apart from ownership, Web3 also refers to the internet's upcoming legal, monetary and technical framework that will be supported by newer generations.