Suppose that $(K,v_0)$ is a valued field, $f(x)\in K[x]$ is a monic and irreducible polynomial and $(L,v)$ is an extension of valued fields, where $L=K[x]/(f(x))$. Let $A$ be a local domain with quotient field $K$ dominated by the valuation ring of $v_0$ and such that $f(x)$ is in $A[x]$. The study of these extensions is a classical subject. In this talk, we discuss the history of this subject, connections with resolution of singularities, and recent progress. We will discuss our recent work with Razieh Ahmadian on the problem of describing the structure of the associated graded ring ${\rm gr}_v A[x]/(f(x))$ of $A[x]/(f(x))$ for the filtration defined by $v$ as an extension of the associated graded ring of $A$ for the filtration defined by $v_0$. We give a complete simple description of this algebra when there is unique extension of $v_0$ to $L$ and the residue characteristic of $A$ does not divide the degree of $f$. To do this, we show that the sequence of key polynomials constructed by MacLane's algorithm can be taken to lie inside $A[x]$. This result was proven using a different method in the more restrictive case that the residue fields of $A$ and of the valuation ring of $v$ are equal and algebraically closed in a recent paper by Cutkosky, Mourtada and Teissier.

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