What is Unstoppable Domain?
Unstoppable Domains is a platform that enables users to establish blockchain-based domain names and decentralized websites.
It strives to simplify cryptocurrency transactions by replacing intricate wallet addresses with human-readable URLs.
Unstoppable Domains operates on the Crypto Name Service (CNS), which utilizes Ethereum smart contracts to create and manage blockchain domains.
What is the Purpose of Unstoppable Domains?
Unstoppable Domains aims to decentralize the web by providing user-owned, blockchain-based domain names. These domains replace intricate cryptocurrency addresses with human-readable URLs, aiming to simplify crypto transactions.
The platform enables users to establish a blockchain-connected web address, akin to a URL, that translates a cryptocurrency wallet's addresses into a simpler, human-readable name. This eliminates the need to know a recipient's public key address, which typically contains a long string of letters and numbers.
How Does Unstoppable Domains Work?
Unstoppable Domains operates on the Crypto Name Service (CNS), a set of Ethereum smart contracts that dictate how blockchain domains are created and used.
Each CNS domain is issued as an ERC-721 token, also known as a non-fungible token (NFT). NFTs are unique, indivisible tokens often used to represent one-of-a-kind digital items.
The use of the ERC-721 standard makes it easy for developers to integrate Unstoppable Domains into other applications, allowing users to manage their crypto domain ownership from compatible cryptocurrency wallets, exchanges, and marketplaces.
What are the Benefits of Using Unstoppable Domains?
Unstoppable Domains provides users with control over the domains they create.
When you acquire a crypto domain through Unstoppable Domains, you own it indefinitely, rather than just renting it. You can transfer, update, and link your domain to other services without the assistance of Unstoppable Domains.
Unstoppable Domains can also be used to create decentralized websites that can be uploaded to the InterPlanetary File System (IPFS), a peer-to-peer distributed file storing and sharing system.
How is Unstoppable Domains Contributing to a More Decentralized Web?
Unstoppable Domains aims to bridge the gap between the traditional web and blockchains like Ethereum. By creating user-owned and controlled web addresses and crypto wallets, Unstoppable Domains strives to integrate the potential of blockchain technology into a simple URL for the web. This aims to set the foundation for a more decentralized online experience where users have control over their data and value.
