Crypto users have been looking for means to make peer-to-peer crypto transfers more accessible and reduce any chances of misspelling their crypto wallets’ addresses. Unstoppable Domains has been created to non only solve that problem, but to help online users step into web3. Hither’s everything there is to know nigh Unstoppable Domains.
In this guide:
- Why need human-readable crypto addresses?
- What’s the chief drawback of crypto addresses?
- What is Unstoppable Domains?
- Features of Unstoppable Domains
- TLDs bachelor
- Advantages and disadvantages of Unstoppable Domains
- Pros of Unstoppable Domains
- Disadvantages of Unstoppable Domains
- How to buy Unstoppable Domains
- Footstep i. Go to Unstoppable Domains and search for your new domain
- Step ii. Select the domain ending
- Stride 3. Sign up for an account on Unstoppable Domains
- Pace 4. Finalize your purchase
- Step v. Mint your domain
- Stride 6. Save your crypto accost to your domain
- Unstoppable Domains vs. Ethereum Name Service
- What tin y’all do with Unstoppable Domains?
- Set up to get your Unstoppable Domain?
- Frequently asked questions
Why demand human being-readable crypto addresses?
Blockchain applied science tin be used in many industries. However,
the most popular use of blockchain is the safe-keeping of cryptocurrency funds. They keep a record of all registered cryptocurrency wallets, which is, in many ways, similar to the way banks proceed records of their clients.
The advantages of using blockchain and cryptocurrency can open new opportunities for a global economic system that is superior to the 1 nosotros accept before, even in remote regions. However,
this new system tin can too present new challenges for its users.
The most common challenge is the way crypto wallets are created. When an individual goes to a bank to sign up for a new business relationship, he/she but shares their ID details with the bank. In the case of blockchain, each “account,” which is known as
a cryptocurrency wallet, has the form of long, randomized, circuitous strings of numbers and letters. These long strings of characters pose a challenge for most cryptocurrency users and may often lead to accidental typos.
What’southward the chief drawback of crypto addresses?
The cryptocurrency wallet address, or public address, is needed by anyone who wants to ship you cryptocurrency funds. Y’all may accept noticed that almost online resources also accept crypto donations and share their wallet addresses. While sending crypto is piece of cake when you are in forepart of a reckoner because you lot tin (and should) copy and paste the given crypto address, we can’t say the same nigh alive interactions.
Crypto addresses are made to be motorcar-readable. Hither’s an example of what a crypto address looks similar: 0xc8A60D3827fA6877785F3B6c6A941f8388288725.
While this is a great way to identify a unique wallet accost,
it poses some challenges for humans. The best way to share your crypto accost is to copy and paste information technology. But sometimes, that may not be possible.
For instance, if you take your wallet written down on a physical paper note. And even if you give out your address on paper notes, in that location is another chance that the sender might make a error while typing in the address when sending the funds. And if that happens, the funds get lost forever.
The problem is that
these impossible-to-think strings of characters are optimized for computers, not people. Simply with the adoption of blockchain, at that place are more than solutions that aim to assistance users ease all these concerts.
I such solution is Unstoppable Domains.
What is Unstoppable Domains?
Unstoppable Domains was first launched in 2018. It is a San Francisco-based company that aims to connect web2 and web3 using blockchain domains. Unstoppable Domains was co-founded past Matthew Gould, Bogdan Gusiev, Bradley Kam, and Braden Pezeshki. Gould is the company’due south CEO and oversees a team of over one hundred people.
An Unstoppable Domain is a web address that tin can exist connected to a blockchain. It does non use domain proper name services (DNS) similar traditional websites; instead,
using a blockchain-based solution called crypto proper noun service (CNS). The service provides homo-readable domain names that can be attached to your cryptocurrency wallets.
Unstoppable Domains aims to mimic the DNS system, whereas users don’t need to know IP addresses to access websites, only in this instance, information technology as well applies to crypto wallet addresses (public keys).
Instead of sharing a long string of characters with anyone who wants to send you crypto, you can use such a personalized domain that is easy to call up. The domain is the connexion between the long string of characters and a human-readable address, which looks something like “YourName.crypto” and leaves no room for mistakes. This makes it much easier to transact cryptocurrency online.
Using a domain name removes the need to know the public address of a recipient.
Webmasters tin also utilise an Unstoppable Domain to create decentralized websites
that can exist uploaded into the IPFS (InterPlanetary File Arrangement), a peer-to-peer distributed file storage and sharing system for web domains.
Features of Unstoppable Domains
When sending or receiving cryptocurrency, y’all don’t have to worry nigh long and difficult wallet addresses. Only tell the sender your domain name, and the funds are automatically redirected to your crypto wallet’s address.
Besides the obvious benefit of creating human-readable crypto addresses for all your crypto wallets, using Unstoppable Domains offers some benefits, such as:
Unstoppable Domains gives you complete control over all domains that y’all create.
- Blockchain-based: You can transfer, update, and link your domain with other decentralized services. Coinbase wallet, MyEtherWallet, and OpenSea are only a few decentralized apps that are supported by Unstoppable Domains.
I universal login across the web:
You lot can utilise your domain to utilize unlike apps and services for a seamless feel on web3. Hundreds of DApps are already integrated, and more will follow. Some web2 apps such as games, metaverses, and eastward-commerce websites already support login with the Unstoppable Domains NFT proper name.
NFT domains volition protect your personal information. Login with Unstoppable Domains to experience an actress layer of privacy and security for your digital identity. You control what data you share with other apps.
Yous tin monetize your information:
When your domain is tied to all the services you’re using online, yous can determine how to manage all your data and even monetize it or exchange it for rewards.
There are likewise over l wallets, exchanges, DApps, and wallets that tin can be used to link your domain to other services. Opera and Brave browsers at present support Unstoppable Domains’ decentralized websites. Users of Chrome, Firefox, or Edge tin admission domains created with Unstoppable Domains past installing the Unstoppable browser plugin.
Your Unstoppable Domain can have the following summit-level domain (TLD) extensions:
While you tin can’t get any traditional TLDs such as .com or .net, more than TLDs will be added in the futurity.
Advantages and disadvantages of Unstoppable Domains
Unstoppable Domains are dissimilar from traditional web domains because they use different technology and have different functionalities. Before purchasing your start domain and entering the web3 territory, information technology’s important to empathize what you can and can’t do with these blockchain domains. Here are the pros and cons of Unstoppable Domains.
Pros of Unstoppable Domains
Once you buy your Unstoppable Domain, it’southward yours forever. At that place is no annual renewal fee. Information technology is a fourth dimension-saver and eliminates the hassle of renewing your domain and paying registration fees each year.
These domains exist on the blockchain, which is well-known for beingness extremely secure and resistant to brute-force attacks.
Easy to use:
With your domain proper name, you lot tin transport and receive many dissimilar types of cryptocurrencies (over 250 cryptos) using the aforementioned domain name.
Unstoppable Domains are blockchain-native and therefore immune to arbitrary takedowns and regional blocking. It can host controversial content. Unstoppable Domains’ websites tin can’t be taken downwards or compromised by whatsoever company, government, or group.
Access to decentralized applications:
These domains provide native support for decentralized apps, making them more accessible.
Disadvantages of Unstoppable Domains
It may not be adopted past the vast majority of cyberspace users:
Unstoppable Domains is still a new thing and could never gain widespread acceptance outside of the crypto community.
- Non supported past all browsers: Although pop browsers such as Opera and Dauntless back up them natively, Chrome, Firefox, and Border require an improver to access them.
You need specific hosting for information technology:
To host a website using an Unstoppable Domain, you will need to use a hosting service that uses InterPlanetary File System (IPFS). Although information technology is possible, in that location are fewer options than traditional spider web hosting.
How to buy Unstoppable Domains
Unlike a regular web domain, your Unstoppable Domain is an NFT (not-fungible token), and it is yours forever after you purchase it. Here’s a step-by-step guide on how to buy a domain from Unstoppable Domains.
Step 1. Go to Unstoppable Domains and search for your new domain
Go to unstoppabledomains.com and showtime browsing your domains. Just showtime typing, and you lot can select your desired TLD (.crypto or anything else) afterward.
Step 2. Select the domain ending
Delight note that the default domain ending is “.crypto,” but you can choose any of the available extensions. Each extension has a unlike cost tag. However, bear in mind that this is a i-fourth dimension fee, and the domain volition be yours forever.
At that place is no renewal fee for these domains.
You can search for multiple domains and add them to your cart, or you tin can select a domain from the list of suggested names. Even if your desired domain is not available, Unstoppable Domains volition offering a few alternatives.
Step iii. Sign up for an business relationship on Unstoppable Domains
To go on with your purchase, you will have to sign up for an business relationship with Unstoppable Domains.
You can either sign upward using your e-mail address or connect your wallet.
If y’all already have a crypto wallet, then this would be the easier way to proceed. Only this is up to yous.
Stride 4. Finalize your purchase
The last pace is to choose your payment method. Unstoppable Domains accepts credit cards, PayPal, cryptocurrency, and payment through the Crypto.com app.
If you want to pay using cryptocurrency, you can choose to pay in bitcoin (BTC), bitcoin greenbacks (BCH), ethereum (ETH), Dai (DAI ERC-twenty only), Litecoin (LTC), and USDC (ERC-20 only).
Click on your preferred crypto, and you will run into the verbal sum to transfer and the cryptocurrency address where you need to send the funds.
Ironically, the cryptocurrency address that you will send your payment to, is the exact type of address that you’re trying to avoid with the new domain that yous are currently purchasing. To avert any issues, use the “copy” role to copy and and so paste the accost in your wallet when making the payment.
As yous make the payment, Unstoppable Domains will automatically find your payment, and you lot volition see your domain in your account.
Pace 5. Mint your domain
Afterwards you lot’ve purchased your domain, you lot take to mind it on the blockchain. Go to “My Domains” and click on “Free mint.” If you have a “.crypto” domain, you lot can mint it for free on the Polygon network, a layer 2 solution for Ethereum.
Step 6. Save your crypto accost to your domain
Finally, you can do what yous set out to exercise — tie your crypto addresses that wait like a long string of characters to your human-readable crypto address, aka your new domain name.
Don’t forget to save the changes.
Now you are all prepare, and each time someone sends you any of these coins, Unstoppable Domains will know to deposit them into your wallet.
Say “adieu” to the cross-chain despair of having different addresses for unlike coins and blockchains. Now yous can share but this ane domain name with all those who want to send you cryptocurrency.
Unstoppable Domains vs. Ethereum Name Service
While Unstoppable Domains is one of the top web3 domain providers, it is not the only 1. One of its top competitors is Ethereum Name Service (ENS). Hither are the chief differences between the ii services:
Registering a domain with ENS allows you lot to rent the domain, which requires a renewal fee and a gas fee in the future. With Unstoppable Domains, in that location is no renewal fee, and the domains purchased are for life.
- Domain minting: ENS domains are automatically minted on the Ethereum blockchain, while the Unstoppable Domains are minted on Polygon. This means there is a divergence in gas fees, as Ethereum gas fees tend to exist very high while minting on Polygon is gratis.
ENS domains finish in “.eth” while Unstoppable Domains can have many different extensions, such as “.crypto,” “.blockchain,” and others.
What tin you lot practise with Unstoppable Domains?
There’s a lot you lot can do with Unstoppable Domains. It’s up to you if you want to use it but as a human-readable crypto wallet accost or as a gateway to web3.
Since crypto-related apps accept been expanding across crypto communities, we could see these domains being more than used in the futurity. Even with the current uses, many crypto users discover Unstoppable Domains very attractive.
Ane fundamental selling point is the fact that
the domain acts as an NFT domain, and you truly own it. There is only one initial fee, so it is yours forever and no renewal fees are needed. You can apply it as a domain for your website, apply it as your online digital identity or wallet address, and
you tin can fifty-fifty sell it. Given that these domains are unique, if they become even more than pop, there will be a secondary market for them. Many are already buying them and reselling them on OpenSea for a profit.
An Unstoppable Domain can be purchased for as low as $5 to $twenty, which is a modest investment for long-term buying. You can purchase an unstoppable domain now for your concern or name to help you ensure that you will take it in the future.
If cryptocurrency adoption continues to grow, many people will consider buying one or more domains in social club to arrive easier to perform regular crypto transactions. Lesser line, owning an Unstoppable Domain is a good choice for anyone, fifty-fifty if you aren’t sure yous’ll ever use it.
Gear up to get your Unstoppable Domain?
Unstoppable Domains represent a fascinating innovation and are ane of the first technologies to supplant (or at least supplement) the DNS. Having one unmarried gateway toward web3 and cross-chain technologies is a massive stride forward for the entire crypto community.
And fifty-fifty if most of us are not set to create or host a web3 domain, having it will make all of our lives much easier as it helps translate those long strings of motorcar-readable addresses into human-readable crypto addresses.
If you want to know more virtually human-readable crypto addresses or just other aspects of web3 technology, head over to the BeInCrypto Telegram group. You can ask all your questions in that location, and the friendly members will run across to information technology that you learn what you need!
Frequently asked questions
An Unstoppable Domain is a web3 NFT domain that can exist used to host your website and store your cryptocurrencies, as a wallet address. Information technology’due south a single gateway for users to access the net.
The number of minted Unstoppable Domains increases every single mean solar day. As of Jul. 2022, information technology’s estimated that 2.4 million domains have been minted (according to the Unstoppable Domains website).
Unstoppable Domains offers “.NFT” domains.
Aye, Unstoppable Domains is a legit company, registered in the United States. For more info on how to use the service, y’all tin consult its
Yes, when yous purchase an Unstoppable Domain, information technology’southward yours forever. In that location is but a 1-time fee, at the moment of buy. There are no renewal fees.
Unstoppable Domains is led by Matthew Gould, Co-founder and CEO of the company. Bogdan Gusiev is the other founder and likewise serves every bit the CTO.
No, Unstoppable Domains cannot be blocked by any third political party such equally organizations or even governments. The domain exists on the blockchain, and a website that uses these domains needs to be hosted by an IPFS (Interplanetary File System) hosting provider.
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