Note that you have to have dns server that supports dns updates and that it is properly configured
Dynamic DNS Update tool can be accessed with the /tool dns-update command:
[admin@MikroTik] tool> dns-update
address
dns-server
key
key-name
name
ttl
zone
[admin@MikroTik] tool> dns-update
Descriptions of arguments:
address - defines IP address associated with the domain name
dns-server - DNS server to send update to
key - authorization key (password of a kind) to access the server
key-name - authorization key name (username of a kind) to access the server
name - name to attach with the IP address
ttl - time to live for the item (in seconds)
zone - DNS zone where to update the domain name in
[admin@MikroTik] tool> dns-update address=12.23.34.45 dns-server=23.34.45.56 \ \... name=mydomain zone=myzone.com ttl=3600 key-name=dns-update-key key=sviests
http://www.zoneedit.com/doc/rfc/
http://www.faqs.org/rfcs/rfc2136.html