Era Name Service
Crypto Overview
Overview
Era Name Service (ERA) is a decentralized domain name service built on the Solana blockchain. It allows users to register and manage domain names that can be used for wallet addresses and decentralized websites, similar to how DNS works for traditional internet domains.
Purpose and Utility
The primary purpose of ERA is to provide human-readable names for Solana wallet addresses and to facilitate easier cryptocurrency transactions and web3 interactions. Instead of using long cryptographic addresses, users can register and use simple names (e.g., 'username.era').
Business Model
The business model involves users paying fees in ERA tokens to register and renew domain names. These fees are used to maintain the network and compensate validators. The model is transparent and straightforward, focusing on providing a legitimate service within the blockchain ecosystem.
Real-World Adoption
Era Name Service has gained traction within the Solana ecosystem, with thousands of domain names registered. The project has established partnerships with various Solana-based projects and wallets that integrate ERA domain resolution.
Development Activity
The project maintains active development on GitHub, with regular updates and improvements to the protocol. The team consistently works on expanding features and improving the user experience.
Token Distribution
ERA tokens are distributed across the ecosystem, with allocations for development, community incentives, and protocol treasury. While exact founder allocation details aren't publicly available, the token distribution appears designed to support long-term protocol development rather than short-term gains.
Crypto Impact
To assign a comfort level investing in Era Name Service from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Era Name Service.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.