MyGrate: Bridging Web2 Domains to Web3

Abstract

In its present form, traditional Web2 domain infrastructures have become vulnerable to increasing amounts of censorship, security breaches, and centralized authority exclusively handled by third party Certificate Authorities (CAs). These weaknesses and the single points of failure inherent, under spotlight give out the necessity of migrating to a safer decentralized Web3 model. Mygrate was developed using solidity, Hedera and hardhat. This paper elucidates Mygrate development, features, and applications. It offers a functionality to bridge Web2 domains with Web3 architecture by utilizing SSL certificates in combination with smart contracts to map domains to cryptographically signed InterPlanetary File System (IPFS) addresses, verified over decentralized blockchains such as Hedera. By solving a major part of the oracle problem, Mygrate emerged as an innovative solution, leveraging the power of Hedera Blockchain. This paper delves into the comprehensive development journey of Mygrate. It allows us to bring web2 hosted domain name source of trust and offset authenticity to web3 for easy identifiability. Moreover, there is increased security, decreased oracle fees, and money goes directly to the data providers who provide data as a public good. Through the integration of libraries like Ethereum-Waffle, ethers, chai,node-forge, Mygrate offers Oracle-free SSL verification, EVM assembly optimization, Frontrunning mitigation, gas optimization and security.