When sending cryptocurrencies to yourself or others, the issue that often arises is verifying that you have the right address, because it is a complex string of letters and numbers, even doing a copy and paste likely results in you meticulously verifying that everything pasted correctly, even though it must have.
What is Unstoppable Domains?
Unstoppable Domains is a company that provides blockchain-based domain names. The San Francisco-based company provided domains ending in .crypto (based on Ethereum) and .zil (based on the Zilliqa blockchain). But in 2021, Unstoppable Domains added more domain name choices, including .blockchain, .bitcoin, .dao, .nft and .coin. These domain names will be registered on the blockchain, making them censorship-resistant and permanent. Unlike traditional domain names in which the host can pull them down, blockchain-based domains are yours forever once you acquire them. You only pay a one-time fee for blockchain-based domain names and you don’t ever need to renew your domain.
Unstoppable Domains are decentralised. This makes them, in a word, unstoppable. Once a user claims a domain to a wallet, they have absolute control over that domain. Domains can be transferred, updated, and linked to other services without any involvement from Unstoppable Domains. Unstoppable Domains cannot deactivate, change, or transfer a domain’s records without a user’s permission. Thanks to the decentralised utilities, domains from Unstoppable Domains are much safer than traditional domains. These domains are more protected against privacy breaches or DDoS attacks.
Outstanding features
What is the project trying to achieve?
Simplier Crypto Payment
The most common way to integrate with Unstoppable Domains is through simple domain resolution. This process converts a human-readable name like ryan.crypto to the cryptocurrency addresses that name stores. As long as the addresses are set, a user can send any of our 80+ supported cryptocurrencies to an Unstoppable Domain and it will end up in the right place. A user can send BTC to ryan.crypto and it will go to Ryan’s BTC address. A user can send ETH to ryan.crypto and will go to Ryan’s ETH address. Unstoppable Domains support 80+ cryptocurrencies and counting.
Data movement for a success payment
Integration Best Practicals
- Always display the resolved address near the domain name for additional security.
- Don’t overwrite the input field with the cryptocurrency address.
- Always try to resolve a domain with the provided currency code.
- Always handle resolution errors according to error type.
Polygon High Level
Polygon POS Chain is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, commit chains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more.
Unstoppable Domains uses Polygon as our layer 2 (L2) scaling solution. This allows us to make our NFT domains free to claim and manage on L2, and UD customers will no longer have to pay claim fees, renewal fees, or gas fees. As part of this integration, new and existing users can mint and manage their unclaimed domains for free on Polygon. Existing users will be able to move their claimed domains from Zilliqa and Ethereum to Polygon well if they so choose.
Benefits:
By removing the transactional costs involved in hosting and managing NFT domains, a whole new set of capabilities becomes viable for everyday use.
- Customers will be able to connect multiple wallets to their domains for payment, host, and edit decentralized websites (blogs, NFT galleries, etc) without having to worry about paying gas fees.
- Developers will be able to design and create new templates, with increased complexity and functionality without the concern that users might not be able to afford to use them.
- NFT domains will become a viable alternative to existing web2 single sign-on such as with our newly announced product
Build A Decentralised Website
For a decentralized website (d-web) or decentralized application (DApp), you will upload website files to the IPFS network instead of to GitHub or another centralized storage network. InterPlanetary File System (IPFS) is a protocol and peer-to-peer network for storing and sharing data in a distributed file system.
IPFS allows users to receive and host content similarly to BitTorrent. Instead of a centrally located server, IPFS is built around a decentralized system of user-operators who hold a portion of the overall data, creating a resilient file storage and sharing system. Your decentralized website will have a unique hash, allowing other peers in the network to find and request that content from any node that has it using a distributed hash table (DHT).
Over 35,000 decentralized websites are Live on the Platform.
What is the unique selling point?
Fully Ownership
Unlike traditional domains that you lease, a domain from Unstoppable Domains is yours forever. That means you have custody of your domain name and can sell or transfer it at any time without the need for an intermediary or power to authorize the action.
Unstoppable Domains lets crypto wallet holders use their domains to make cryptocurrency transactions. The technology provides simple usernames to replace lengthy and error-prone public addresses made of numbers and letters. For example, instead of sending money to ABC’s Ethereum address (0xa0000..), if the domain abc.crypto were owned by that address, users would be able to send money to abc.crypto.
Domains from Unstoppable Domains are minted and sold as NFTs. They feature infrastructure that enables people to transact cryptocurrency using a human-readable name – instead of the somewhat unwieldy alphanumeric string of characters representing public keys. The goal of Unstoppable Domains is to create a more decentralized web ultimately.
One-time payments
Unstoppable Domains grants users domain names that can’t be controlled or censored. Unlike traditional domains, domains from Unstoppable Domains are not rented or leased. When you purchase a domain, you own it forever. Not only is it a time-saver, but it also removes the hassle of having to renew your registration fees at each turn of the year.
Censorship-resistant
Being blockchain-native, domains from Unstoppable Domains are immune from arbitrary takedowns or regional blocking. Content deemed controversial, such as activism, can find a secure home on Unstoppable Domains. Also, no company, state or group can pull down or compromise in any way an Unstoppable Domains’ website unless they own it.
Source: 128mots.com
Crypto Payment Becomes Easier
When sending and receiving cryptocurrencies, you no longer have to deal with long, inconvenient wallet addresses. Simply inform the sender of the domain that is associated with the address. If your name is David, for example, instead of copying and typing your address — a less user-friendly alternative – you can name your domain David.crypto.
Technical Data ( Token Information )
As of 2021, Unstoppable Domains does not have a token, and there is no mention by the development team of one in the pipeline.
Market and Community
Market
Popular crypto Youtuber Whiteboard Crypto has a video talk about this amazing project. The video have over 77k viewers plus 5.5k likes.
Community
230.5k people are following Unstoppable Domains on Twitter.
The project has 18.7k subscribers on Youtube.
Backers
Team
Partners
SAN FRANCISCO — May 13, 2021 — Blockchain domain name provider Unstoppable Domains announced a collaboration with privacy-oriented web browser Brave that enables native browser support for the crypto domain name company. With the latest Brave browser update, Brave users on desktop and Android platforms have access to 30,000 decentralized websites and 700,000 blockchain domain names registered with Unstoppable Domains.
Brave Software’s fast, privacy-oriented browser, combined with its blockchain-based digital advertising platform, is reinventing the Web for users, publishers, and advertisers. Users get a private, speedier Web experience with longer battery life, publishers increase their revenue share, and advertisers achieve better conversion. Users can opt into privacy-respecting ads that reward them with Basic Attention Tokens they can redeem or use to tip or contribute to publishers and other content creators. The Brave solution is a win-win for everyone who has a stake in the open Web and is wary of giving up privacy and revenue to the ad-tech intermediaries. Brave currently has over 30 million monthly active users and over one million Verified Creators. Brendan Eich co-founded Brave Software, creator of JavaScript and co-founder of Mozilla, and Brian Bondy, formerly of Khan Academy and Mozilla.
In 2021, domains from Unstoppable Domains are supported by Brave, Opera, Chrome and Firefox browsers. More than 285 cryptocurrencies can be sent to a domain, allowing users a high degree of freedom. Unstoppable Domains has partner with the “.wallet Alliance” to support users across a range of crypto wallets. In order to send money to a domain like abc.crypto, your cryptocurrency wallet has to be able to interpret that domain and turn it into the right address.
Investors
Verdict
Unstoppable Domains is making the blockchain and cryptocurrency concepts more user-friendly. By supporting simple and user-friendly addresses, a decentralised web is the next frontier in blockchain, and firms like Unstoppable Domains are at the forefront of making that goal a reality.
Find more information about:
Website: https://unstoppabledomains.com/
Whitepaper: https://docs.unstoppabledomains.com/
Twitter: https://twitter.com/unstoppableweb
Telegram: https://t.me/unstoppabledomains
Discord: https://discord.com/invite/7vqgVTbabY
Customer Support: https://support.unstoppabledomains.com/support/home
If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].https://t.me/unstoppabledomains
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
Thomas.N
Coincu Ventures
