Comprehensive analysis of the .sats domain

In-depth analysis of .sats domain

Author: SevaFTW, Cryptocurrency KOL; Translation: Blockingxiaozou

You missed Ordinals, and you missed BRC-20, but don’t miss the next big event in Bitcoin. In this article, we will explore the world of .sats domains, focus on the process of accessing and registering .sats domains, and how to make the most of this opportunity.

1 , What is a .sats domain?

Sats domain is a decentralized domain name system similar to ENS (Ethereum Name Service) built on the Bitcoin network. So far, 170,000 domains have been minted and there are over 40,000 holders. The field is in its early stages, and now is the right time to enter, with huge potential.

• There have been rumors for 2 years that “Grand Theft Auto 6” will introduce cryptocurrency, why won’t it integrate with Web3?
• Hong Kong’s new anti-money laundering regulations take effect, and the compliance requirements are organized comprehensively.
• Viewpoint: Regarding the fees and free options in Ordinals, in the long run, they are actually the same.

2 , Trading volume and recognition

In the past few days, the trading volume has skyrocketed, and we have seen many crazy sales, such as the trading price of 02.sats for 0.5 BTC. Ordswap added a market that supports .sats domains, which is a major move and worthy of praise. Next up are ME, Ordinals Wallet, and Unisat.

3 , Directly send BTC to .sats domain

Soon, you should be able to use Ordswap to send BTC directly to .sats names. The future is optimistic, isn’t it?

4 , Unisat wallet is about to launch the .sats domain market

Sonic, the COO of Unisat wallet, said they will soon launch the .sats domain market. He has been actively collecting suggestions from .sat holders in a WeChat group in China. The Sats domain is about to take off.

5 , How to register a .sats domain?

Download the Unisat wallet extension, visit http://unisat.io, click “inscribe” and select a .sats domain. If you see a green box, the domain is available and you can proceed. Another way is to buy the domain on the secondary market.

6 , Watch Out for Hidden Domain Names

Be careful of hidden domain names when buying a domain name, so that you do not accidentally obtain an “invalid” domain name. Check for suspicious domain names before continuing. Use http://bestinslots.xyz for verification, which will identify hidden domain names with a “bomb” emoji.

7 , .sats Domain Names vs ENS , What’s the Difference?

.sats domain names can be registered completely for free as long as you are the first person to register a certain domain name. And there is no expiration date; once you register a sats domain name, it will be permanently stored on the blockchain.

8 , .btc vs .sats

.btc comes from data stored on the Stacks node (L2) and is confirmed by Bitcoin transactions, while .sats represents data that is directly etched onto the Bitcoin L1 blockchain, ensuring its immutability and permanent existence.

9 , Conclusion

Sats domain names are still in the early stages of development, so there is inevitably some degree of risk. However, the potential returns outweigh the risks. We witnessed the last bull market of ENS. Personally, I firmly believe that the sats domain name market will experience explosive growth in the coming months. But as the saying goes: DYOR! Do your own research.

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