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Domain Name Service (DNS) Meaning

The Domain Name Service (DNS) is a foundational component of the internet that translates human-readable domain names into machine-readable IP addresses. Instead of requiring users to remember numerical identifiers such as 192.0.2.1, DNS allows them to access services through intuitive names like websites or application endpoints. This translation process happens continuously and invisibly, enabling nearly all internet communication.

DNS operates as a globally distributed, hierarchical system. At the top are root servers, which direct queries to top-level domain servers (such as .com, .org, or country-specific domains). These, in turn, point to authoritative name servers that store the actual mappings between domain names and IP addresses.

When a user enters a domain name, their device queries a resolver, which navigates this hierarchy to retrieve the correct address and return it to the user. In financial and crypto infrastructure, DNS plays a critical operational role. Exchanges, wallets, APIs, and trading systems all rely on DNS to route traffic reliably and securely.

Any disruption at the DNS level can render services unreachable even if underlying systems are functioning correctly. For this reason, DNS resilience, redundancy, and protection against attacks such as DNS spoofing or distributed denial-of-service (DDoS) attacks are essential considerations for institutional platforms.

DNS has also evolved alongside blockchain technologies. Blockchain-based naming systems aim to provide censorship-resistant or decentralized alternatives to traditional DNS, addressing concerns around central points of control.

While these systems are not yet mainstream, they reflect growing interest in rethinking core internet infrastructure using decentralized principles. Despite these innovations, traditional DNS remains a critical dependency for most digital systems today.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to use this website for the services of Finery Markets if they don't fall within these categories.