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The Most Subdomains – The Ethereum Name Service – Medium

The Most Subdomains – The Ethereum Name Service – Medium

ENS has been in use for almost two years. Even though we knew some overall figures such as number of auctions started, ETH locked, we didn’t know much about who is actually obtaining these names and how.

Curious Giraffe allows you to filter historical events by event type

With the help of Token Analyst, we have counted all the registered names under each domain, and here is the list of the 30 domains that have the most subdomains in the Google spreadsheet format (link to the spreadsheet)

I will first break down the result, then will walk through how we managed to come up with these information.

  • 1. TLD (top level domain)
  • 2. now.ens.domains
  • 3. dapps
  • 4. interesting use cases

1. TLDs

We all know that “.eth” is currently the de facto standard of ENS domain names, however this result shows that DNSSEC integration is slowly getting the adoption with names such as “.xyz” and “.luxe”. “.xyz” was supported months before “.luxe” but “.luxe” has way more domain names registered. This is the power of top level domain registrars directly integrating with ENS, so that people who obtained an .xyz domain can easily get its connected ENS name. The unfamiliar name “.addr.reverse” is for reverse record which allows you to associate an ENS name with a given Ethereum address so that dApps can display the ENS name instead of addresses. This indicates that the adoption of reverse registrar is still very low ( less than 1%).

One thing worth mentioning is that 270k under “.eth” does not necessarily represents the number of domains which use ENS name, it’s the list of names owned. To make full use of ENS, you have to set resolver (which is around 50k according to curious giraffe chart I shared early on).

2. Now.ens.domains

Five out of the top 30 domains are obtained via now.ens.domains where you can purchase (or get it for free) subdomains without waiting through an auction period.

With the arrival of permanent registrar, we expect that the role of ENSnow will decrease though it will remain as one of the cheapest ways to obtain an ENS domain name. In future, we are planning to migrate this functionality into our Manager.

3. Dapps

One of the best ways to integrate ENS into dapps is to issue subdomains. You can see some well known Ethereum blockchain companies name (Status, Gitcoin, Zinc) in this section. I often say that issuing subdomains for your dapp is equivalent to when gmail.com or hotmail.com went viral by allowing user to advertise their brand by offering unique email address under their brand.

Firefly (a cheap and simple BLE hardware wallet) is an interesting use-case of selling their subdomains as a way of crowdfunding.

4. Interesting use cases

There are a few other interesting use cases worth mentioning.

The domain “thetoken.eth” was created by Nick Johnson (the creator of ENS) and it lists many major token contract addresses as subdomains. I don’t know exactly what “dappcon.eth” was made for but I am guessing that it was issued for participants of the dappcon conference.

Under the hood

In this section, I will go a bit deeper into how we got this data in collaboration with Token Analyst.

1. Getting events

As one of the oldest smart contracts running on mainnet, ENS data is often used as example material to analyze for big data companies.

The graph has a public graphQL explorer which allows anyone to create their own GraphQL schema (called subgraph). The graph is great if you want to integrate events information into your app, but GraphQL itself is not suitable for data analytics as you need another layer to aggregate the data and this is where Token Analyst comes in.

They have already done some heavy work and stored all possible Ethereum data into their data warehouse so that you can query the result using SQL , which is one of the oldest and most popular data query languages.

Here is the example of query getting the number of domains issued under nodes which you can find from ‘NewOwner’ event.

Thanks to the power of SQL, removing duplicate events can be expressed in one line of “group by” (which is in line 10).

Another huge advantage is that they have analyzed all the events on Ethereum and pre-indexed them, so as a user you don’t have to specify the contract interface information (aka ABI).

One downside is that this auto detecting of events is not perfect. We identified that “ethglobal.eth” has almost 20 subdomains issued using custom registrar but the event was not captured (the information was fed back to Token Analyst so hopefully it will improve soon).

2. Dissecting namehash

When I received the node counts result from Token Analyst, it was similar to this format.

So how do you figure out which domain is ‘0x93…’ ?

If you are ENS pro, you may have seen “ENS Auctionbots” which tweets to the world when auctions start.

We have over 100 million keyword dictionary in a Google big table and we query against it every time new auction starts. I took advantage of the database and send the list of labels to the query to get the result. Unfortunately, you cannot detect all hashes, hence about 30% of top 30 domains do not have names on the list.

Summary

In this blog post, I have shown the top 30 domains which have issued their subdomains and explained how these domains are created as well as explaining technical details of how we came up with the data.

If you want to know where your favorite domains are ranked you can check the full list here. Now that you know what ENS name you are interested, you can namehash by yourself via this requirebin code snippet. (After showing this blog post, beltran did some detective work to identify the 7 unknown names).

Published at Fri, 29 Mar 2019 20:07:06 +0000

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Voorhees: Bitcoin Will Probably Be Replaced If Scaling Resolution Not Found This Summer

LTB: Erik Voorhees on Epicenter

bitcoin has always been seen as the king of the world of cryptocurrency due to its network effects and first-mover advantage, but ShapeShift CEO Erik Voorhees thinks bitcoin could be replaced as the top dog if a scaling resolution is not found this summer. Voorhees shared this point of view on the most recent episode of Epicenter with co-hosts Brian Fabian Crain and Sébastien Couture.

The debate over scaling bitcoin has been the main topic of conversation in the ecosystem for the past two years, but it appears that the network will get the long-awaited Segregated Witness (SegWit) upgrade by August 1st.

During his appearance on Epicenter, Voorhees discussed his support for the SegWit2x proposal, his impression that many bitcoin users aren’t paying attention to the scaling debate and whether bitcoin needs an improved system of governance.

Is SegWit2x bitcoin’s Short-Term Scaling Solution?

SegWit2x, which is supported by a large number of Bitcoin companies and miners, is a proposal for adding SegWit and a hard-forking increase to the block size limit to bitcoin. Voorhees described himself as a “big proponent” of the proposal during his appearance on Epicenter, saying that it’s the “only viable, actual option to moving bitcoin forward.”

“I want SegWit on bitcoin as soon as possible,” said Voorhees. “I also want a hard fork to a larger base block size as soon as possible, and SegWit2x hopefully will make those things happen.”

Voorhees said that he is also bullish on the possible success of SegWit2x due to the declared support of the proposal from over 80 percent of the network hashrate.

According to Voorhees, the activation of SegWit2x will move bitcoin out of a “trough of misery” that he believes the digital cash system has been in for the past two years, though he also believes the deployment of these changes has the potential to cause some volatility in the near term.

“This stagnation has been really horrible for bitcoin,” said Voorhees.

In Voorhees’s view, the activation of SegWit2x on the bitcoin network will lead to a rally in the bitcoin price that “will be unlike anything that people have ever seen before.” He also believes the activation of the scaling proposal will allow everyone in the ecosystem to refocus on building on top of bitcoin rather than debating over the base protocol.

At one point during his Epicenter interview, Voorhees admitted that he almost doesn’t care which scaling proposal is activated on the network.

“I just want something to happen,” said Voorhees. “If this summer fails to find some kind of resolution to this debate, then I’m pretty bearish on bitcoin, and I think it’ll probably be replaced.”

bitcoin’s Userbase is Much Larger Than /r/bitcoin

Voorhees also discussed the bitcoin community as a whole during his appearance on Epicenter, and he noted that bitcoin’s userbase is much larger than some may realize.

“The community is so much larger than Reddit, and people that live on Reddit don’t realize this,” said Voorhees.

While the /r/bitcoin subreddit is still a main hub of the community, Voorhees pointed out that both Blockchain and Coinbase have 10 million users each. By comparison, /r/bitcoin has roughly 250,000 subscribers.

Voorhees then told a story of going to a recent bitcoin meetup in Berlin, Germany, where Blockchain CEO Peter Smith asked the audience how many of them had heard of the SegWit2x proposal. According to Voorhees, about 5 percent of the crowd raised their hands.

Does bitcoin Need a Better System of Governance?

Voorhees’s story about the Berlin meetup eventually turned into a broader conversation of how changes should be made to the bitcoin protocol. Crain pointed out that some of the newer altcoins coming onto the market, such as Tezos, are heavily focused on the issue of network governance.

“It’s a slippery slope,” said Voorhees. “When you start having structured governance, you start moving toward an organization that can be compromised. As difficult as bitcoin has been in making progress on this one debate, it also is showing immense resilience to change, which is good and bad — it depends what the issue at hand is. You have to be careful if you want something like a blockchain project to turn into a more traditional-looking organization with a hierarchical structure and certain people who make key decisions. That’s not necessarily the best way that a blockchain should exist.”

Voorhees then admitted that he does not know the best governance model for a blockchain, but he thinks it’s great that there is so much experimentation taking place in this area right now.

Watch the whole episode here:

[youtube https://www.youtube.com/watch?v=s4UeHbv7-tA?feature=oembed&w=480&h=270]

The post Voorhees: Bitcoin Will Probably Be Replaced If Scaling Resolution Not Found This Summer appeared first on Bitcoin Magazine.