Bitcoin News Today: Bitcoin Gets a New Address: Human-Readable Domains Revolutionize Crypto Transactions

Freename has introduced a novel payment system for .COM domain names using blockchain-mirroring technology, marking a significant development in the domain investment and digital asset space. The technology enables users to send and receive domain name transactions through human-readable names rather than complex blockchain addresses. This advancement aims to streamline transactions, improve security, and enhance user experience, particularly in the context of high-value domain sales and long-term investment strategies.

The domain investment market has demonstrated exceptional returns, with premium domains outperforming traditional assets in many cases. For instance, domains like Voice.com, which sold for $30 million in 2019, and Rocket.com, which fetched $14 million in 2024, highlight the growing significance of digital real estate. Additionally, .ai and .io domains have attracted attention, particularly in AI-focused sectors. These trends underscore a broader shift in how investors perceive and value digital assets, with blockchain technology playing a key role in facilitating these transactions.

One of the central benefits of blockchain-mirroring technology is its ability to address longstanding usability issues in cryptocurrency transactions. Traditional Bitcoin addresses are long and complex, increasing the risk of irreversible errors during transfers. For example, in 2025, over 23% of stolen Bitcoin funds were attributed to personal wallet compromises, often caused by simple copy-paste errors or autocomplete suggestions. The introduction of Web3 domains—such as .btc, .eth, or .sats—provides users with a human-readable alternative that links directly to their wallet, minimizing the risk of errors and enhancing overall security.

Freename’s .bitcoin domain extension, in particular, offers users a direct and user-friendly way to interact with Bitcoin-based decentralized applications (dApps) and other Bitcoin users. These domains are stored either on-chain or via decentralized records and are compatible with major wallets like Xverse and Hiro. By mapping human-readable names to wallet addresses, users gain a level of confidence and control that is otherwise absent in traditional blockchain transactions.

Investors and collectors are also viewing Web3 domains as a new asset class. The market has seen explosive returns from investors like Braden Pollock, whose domain Spring.net achieved an annualized ROI of 642.68%. These high returns are not isolated cases, as the median annualized ROI for top domain investors in 2024 reached 143.99%, significantly outperforming traditional markets like the S&P 500. As the technology continues to evolve, Web3 domains are increasingly becoming a part of on-chain portfolios, identity layers for NFTs, and even tools for Bitcoin Ordinals.

Looking ahead, the integration of blockchain and domain technology is expected to create a hybrid internet model that combines the convenience of Web2 with the transparency and ownership features of Web3. In this new framework, domains will act as universal keys, enabling not only traditional website hosting but also decentralized identity verification, smart contract execution, and crypto wallet integration. This convergence is anticipated to make the digital ecosystem more accessible and inclusive, supporting both individual users and businesses in leveraging decentralized infrastructure for growth and innovation.

Source: [1] Top Selling Domains (https://freename.com/blog/top-selling-domains) [2] Replacing Bitcoin Addresses with Human Readable Names (https://freename.com/blog/replacing-bitcoin-addresses-with-human-readable-names) [3] The New Internet: What A Hybrid, Decentralized Model ... (https://www.forbes.com/councils/forbesbusinesscouncil/2025/09/05/the-new-internet-what-a-hybrid-decentralized-model-could-look-like/)