In the second quarter of 2018, Verisign (a leader in domain names and internet security) announced that internet domain name registrations grew to 339.8 million.
This was an increase of approximately 6 million domain name registrations, or 1.8%, compared to the first quarter of 2018. This trend does not appear to be slowing down with domain name registration growth rates likely to continue increasing as the internet continues to be a ubiquitous part of life. A readily apparent need can be seen here: how will these websites become blockchain-ready for a more decentralized future?
How does Blockchain Help?
Blockchain provides an answer thanks to its open-source decentralized solution that allows users to quickly and easily create and deploy Dapps (decentralized applications) and secure digital assets through the blockchain.
As the blockchain structure is trustless, users can be assured that there are no middlemen involved in the verification of assets. Rather, the blockchain is powered by a network of users working as a community to maintain the health of the overall ecosystem.
Developers and non-technical users can deploy their networks on the blockchain. This potentially allows users to circumvent network clogging and other issues seen in other centralized solutions.
With the millions of website domains created every few months, the world will need a solution that is simple, secure, and reliable. Blockchain provides that opportunity.
The world needs a blockchain solution that can keep up with the growth of the internet. The future is here and Blockchain will be the tool that decentralizes it.