Bitcoin is at a really attention-grabbing junction in its humble journey. As we method one of many Bitcoin halving milestones, there’s a surge of Bitcoin layer 2 options rising.
Bitcoin layer 2 options work very in a different way from what we’ve seen in Ethereum layer 2 options, however the promise of those layer 2 options is immense and would possibly unlock utility in Bitcoin that has all the time been deemed to be lacking.
Stacks (STX) is a type of Bitcoin layer 2 options that appears to be main the class, and there’s a ton of improvement occurring round it. I typically speak about them on my Twitter deal with, and for those who’d wish to sustain with updates, you may be part of me right here.
On this tutorial, I want to information you on how one can purchase a .btc area identify.
How does .btc area identify works?
.BTC names are registered by sending two transactions to the BNS sensible contract on the Stacks chain. BNS is the “Bitcoin Title System”, a decentralised identify registration app that may be in comparison with its Ethereum counterpart ENS. Transactions are finalized on Bitcoin. BTC names are basically underneath your management and proof against seizure or censorship.
What are the makes use of of .btc area identify?
Proper now .btc area identify can be utilized for receiving lightning cost, and as BTC layer 2 utilization will enhance, we are able to count on many extra utilization. See directions right here.
Use .btc area identify as your webpage. See directions right here.
Hyperlink your Nostr profile to .BTC identify.
Inscribe your .btc identify on Ordinals. (That is the web site)
Extra over, as Bitcoin will get extra adoption, these .btc area may very well be extremely helpful and could also be precious.
What do you should purchase .btc area identify?
The STX token could be bought on KuCoin, Bybit and others.
You’ll additionally want an STX pockets like Xverse. As per the official web site btc.us, the Bitcoin Title Service is at the moment not appropriate with .btc domains. Nevertheless, in case you have a premium area identify concept, my suggestion is to not miss it simply because there isn’t a {hardware} pockets integration at this second.
Lastly, select a cool area identify like CoinSutra.btc or one thing related. Duh! 😉
What’s the price of shopping for .btc area identify?
On the time of penning this information, you should purchase .btc area identify for five years for two STX. The worth of STX on the time of writing is about $2.5, so it’s about $1 for five years.
Step by Step information to purchase .btc area identify?
Step1: Arrange STX pockets: Xverse pockets
Obtain and arrange Xverse pockets from official App Retailer. It’s accessible for Android, iPhone and in addition as a chrome add on.
Step 2: Purchase STX token and switch it to Xverse Pockets
As soon as you might be achieved organising pockets, it’s time to purchase STX token and switch it out of your change to Xverse pockets.
Listed below are the steps:
The place to purchase STX token:
After you have purchased STX token, head over to your Xverse pockets and duplicate your STX deal with. (See screenshot under)
Use this deal with to withdraw STX token out of your Crypto change account to the Xverse pockets.
When you find yourself withdrawing STX to your personal pockets corresponding to Xverse or Leather-based, the memo discipline shall be empty.
When you find yourself transferring STX from one crypto change to a different, you want memo
It might take a couple of minutes earlier than you obtain the STX token.
Step 3: Purchase .btc area identify
After you have acquired the STX token in your Xverse pockets, use the browser function of Xverse pockets to go over to https://btc.us and seek for the area identify that you just want to purchase.
Now, full the same old signin with pockets, and head over to remaining cost web page.
Right here you might have two choices:
Fundamental and superior
The Superior is a two step course of, and in case you are shopping for an essential BNS (.btc) area identify, it’s higher to make use of the advance function, because it avoids front-running. And if it’s a typical identify, then step 1 is okay.
For critical customers, I like to recommend you to learn extra in regards to the distinction earlier than you choose one.
Be aware: After I was utilizing it for my area buy, the superior function was failing, and that’s why I used the fundamental function.
It will be attention-grabbing to see if .btc area identify will develop into as in style as .ens area identify or not. That is one thing solely time will inform, however for now $1/12 months per area identify will not be too dangerous and could also be a possibility for future Degens and domainers to purchase a premium area identify.
Essential info about .btc area identify:
One pockets can retailer just one area identify. Nevertheless, with Xverse pockets, you may create a number of sub-account with single seed-word.
.BTC names can vary from 1-48 characters.
To handle your .btc area, head over to BTC.us and use the login function to attach together with your pockets.
Twitter profile @stacks
Thanks to your suggestions!
