DNS

The DNS (an acronym for Domain Name System) is a server structure that allows a domain name to be associated with its IP address and other key information every time an Internet search is conducted.    

The DNS takes care of translating IP addresses, which are numerous and difficult for a human being to memorise, into a meaningful sequence of characters: the domain name.
The DNS, in a nutshell, is a kind of ‘phone book’ for Internet searches: it retrieves the ‘number’ (IP) of a website from its ‘name’ (domain). 

In short, when a user (or client), surfing the Internet, types a domain name in the browser‘s search bar, the latter contacts DNS servers to obtain the associated IP address. They are organised in a hierarchical manner, so as to retrieve the requested information in a precise and scalable manner. 

First, the search query is forwarded to a root nameserver which, precisely, analyses the root of a domain name, i.e. the ‘first level’ of the DNS structure.
In fact, the request is then forwarded to the TLD nameservers, which are in charge of storing the TLD information. 
At this point, the search is taken over by the authoritative nameservers, which store information on the other levels of the domain, subordinate to the first, in order to return the corresponding IP address to the client. 

Surfing the net can be risky, but users can protect themselves by using private DNS: unlike traditional public servers, these establish an encrypted connection with the client
Thanks to Cryptography, it is indeed possible to reduce the risk of being intercepted and consequently diverted to a false IP address, associated with spam or phishing practices. 

In recent years, experimentation with DNS systems based on blockchain technologies has also taken off. DNS, in this case, are represented by a suite of smart contracts that regulate and manage the operation of domains; as there are no centralised intermediaries, the information is accessible to all and is immune to censorship.

Correlated words

Hawkish

Hawkish monetary policies involve raising interest rates to combat inflation, prioritising monetary stability and economic control.

Dovish

Dovish describes an accommodative monetary policy stance, favouring low interest rates to support the economy.

Registry

Registries are organizations overseeing the administration and management of top-level domain information on the internet.

URL

A URL (Uniform Resource Locator) is a unique string of characters that provides the address of a specific resource on the World Wide Web.

IP address

An IP Address is a unique numerical label assigned to each device connected to a network, identifying it for communication purposes.

Web 3.0

Web 3.0 is the vision of a decentralised, interoperable web, based on blockchain, in which users control their own personal data.

ICANN

ICANN (Internet Corporation for Assigned Names and Numbers) manages the global domain name system and IP address allocation.

Registrar

Registrars are organizations responsible for the registration and management of domain names on the internet.

TLD

The Top-Level Domain (TLD) is the highest part of the domain name structure, appearing at the end of web addresses.

Financial Market

A financial market is the context, physical or virtual, in which buyers and sellers exchange financial instruments and assets.

Cashback

Cashback is a reward program where a portion of the amount spent on a transaction is returned to the spender.

Web3

Web3 is an evolution of the web, built on blockchain and decentralisation, where users control their own data and digital assets.

Bitcoin

Bitcoin is the first decentralised crypto-asset, created in 2009, based on a public blockchain and on the Proof-of-Work mechanism.

Wallet address

The Wallet address is a unique string of characters identifying a cryptocurrency wallet for transactions and asset management.

Stablecoin

Stablecoins are cryptocurrencies whose value is pegged to stable assets like fiat currencies or precious metals, aiming to reduce volatility.

Custody

Custody is the safekeeping and management of the keys that control crypto-assets by the user or by a third party.

White Paper

A White paper is a detailed document used by crypto projects to outline their technological innovations and proposals.

Wallet

A Wallet is a digital software designed for securely sending, receiving, and storing various cryptocurrencies.

Virtual Currency

Virtual Currency is a legal term encompassing digital currencies, including cryptocurrencies, used in various financial transactions.

Fiat Currency

Fiat Currency is government-issued legal tender, not backed by physical commodities, serving as the standard medium of exchange.

Token

A Token is a digital asset created on an existing blockchain, representing value or utility within its native ecosystem.

Satoshi Nakamoto

Satoshi Nakamoto, the pseudonymous creator(s) of Bitcoin, remains a mystery with no known true identity and no current online presence.

Open-source

Open-source software offers publicly accessible source code, allowing collaborative use, modification, and distribution.

KYC

KYC (Know Your Customer) is an identity verification process mandated by European regulations for Financial intermediaries.

Hard Fork

A hard fork is a major change to a blockchain's protocol that is incompatible with previous versions and can create two separate chains.

Hot Wallet

A Hot Wallet is a cryptocurrency wallet that remains connected to the internet, offering easy access and management of digital assets.

Halving

The halving is the periodic halving of the reward for miners on some Proof-of-Work blockchains, such as the Bitcoin network.

FinTech

FinTech combines finance and technology, where companies innovate in financial services using advanced technological solutions.

Cryptography

Cryptography is the discipline that protects information by making it readable only to those who hold the correct decryption key.

Cryptocurrency

A cryptocurrency is a crypto-asset that uses cryptography and a blockchain to record and validate transactions in a decentralised way.

Coin

A coin is a crypto-asset native to its own blockchain, such as Bitcoin or Ether, as distinct from a token issued on another network.

Public Key

A public key is a code, derived from the private key, that allows you to receive crypto-assets and to verify signatures.

Private Key

A private key is a secret code that allows you to access your crypto-assets and to authorise transactions from a wallet.

API

APIs (Application Programming Interfaces) streamline the development of applications and web services by integrating functionalities.

Altcoin

Altcoins are cryptocurrencies launched after Bitcoin, offering alternative blockchain-based solutions and functionalities.

AML

AML (Anti-Money Laundering) is the set of rules and procedures designed to prevent and counter the laundering of illicit money.

Algorithm

An algorithm is a set of procedures or rules designed to perform specific tasks or solve problems integral to software development.

Exchange

An exchange is a platform that allows users to buy, sell and exchange crypto-assets among themselves or with the platform.

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