Such is the promise of the Ethereum Name Service (ENS), a distributed, open and extensible system based on the Ethereum blockchain. 2Īnd yet like so many Web 2.0 platforms, Verisign now faces potential disruption from an open, interoperable, community-owned protocol that lets small business operators not only own their own domain name, but also potentially collect a financial reward from the growth of Web3. Verisign’s 63% operating margins and the stock’s 21% 10-year CAGR are further proof of privilege.

On revenues above $1B, Verisign hasn’t spent more than $100M in capex since it jettisoned its cryptographic hash business (“issuer of digital certificates”) to Symantec to focus on the monopoly registry business in 2011, meanwhile growing its topline at an astounding 18% CAGR since 1998. government, who considers the service crucial infrastructure. 1 Verisign has a long-term, no-bid contract with an unelected international body (ICANN), which has been repeatedly renewed at the request of the U.S. There are 200M active websites in the world right now and one U.S. By Matthew Sigel, Head of Digital Assets Research - Van Eck Associates Corporation

Ethereum cryptocurrency jettison