Gold Rush Ethereum Domain Names

[Lox]

The auction for .eth addresses has started, and bids are rolling in.

The new domains can be registered through an auction process run by Codetract.io, and the chance to register a personalized and/or prestigious address has captured the interest of the Ethereum community, which has currently bid a total of over 105,000ETH on domains ($9.4 million at current rates), with only 12 percent of the domains featuring in this auction round having been opened to bidding.

This race for domains takes place against the background of a huge rise in the value of Ether, which has increased more than tenfold from $8 for one unit on January 1 to a current price hovering around $90. This influx of money into the ecosystem has also stimulated a burst of interest in Ethereum-based projects, as companies or individuals holding Ethereum find themselves with significantly more resources to apply to development.

Read more: Vice

Also: Ethereum name service

 

[rhakim]

Is this Etherium like bitcoin ?

 

[WhoaDomain.com]

Is this Etherium like bitcoin ?

yes. still based off of Bitcoin Blockchain technology. same as the rest but supposedly with a better "gimmick".

Smart Contracts I'll let someone else explain.

 

[rhakim]

Anyone would explain Smart Contracts

 

[deez007]

Anyone would explain Smart Contracts

It's alot easier for you to head over to Youtube and check out a ETH video.. than one of us explaining in detail here.

 

[slader23]

This is interesting, I would suggest checking out the etheruem foundation FAQ if you want to learn more about, smart contracts, it's pretty innovative stuff.

 

[wot]

I think if so many people in the domain industry don't even know what it is I don't see much chance for the extension, just another black hole.

 

[nicholas]

And in case you're feeling lazy today, Wikipedia has you covered. Too many on YouTube as well, but this would be a good start as any.