AAX Web 3 Series: Unstoppable domains explained

Web3 projects like Unstoppable Domains are leading the charge for cryptocurrency adoption by creating the ultimate user experience. In this article, we delve deeper into Unstoppable Domains.

For cryptocurrencies to be an integral part of the web, modifications, and improvements have to be made on how users interact with crypto.

One of the ways this is being achieved is through decentralized domain name systems (crypto domains).

Unstoppable Domains – Future of domains?

Unstoppable Domains is a popular provider of decentralized domain names systems. These domains are issued on the blockchain, giving it all the capabilities synonymous with decentralized applications.

The project was launched in 2019 and is based in San Francisco. Unstoppable domains run on the Ethereum and Zilliqa blockchains.

Domain ownership and usage are fully decentralized – Unstoppable Domains uses a “Self Custody paradigm” to ensure that domain owners have full control. For instance, regular domains require an escrow during transfers. Decentralized domain names do not require any third parties for transfers to happen.

One of the biggest use cases of Unstoppable Domains is making it easier to send and receive crypto payments through human-readable addresses. A traditional cryptocurrency address is almost impossible to memorize. In some situations, users find themselves paranoid over potentially sending money to the wrong address.

Unstoppable Domains solves the problem by providing human-readable domains that also serve as addresses. Users can purchase a domain name with a .crypto or .zil extension on Unstoppable Domains. These readable addresses are contracts on the blockchain. For instance, .crypto domains are issued as ERC 721 contracts on the Ethereum Blockchain.

To get a domain, a user will have to purchase a domain from Unstoppable Domains. Once purchased, the domain can be deployed on the web.

One of the most popular use cases is for payments. These domains make it easier for people to share their address. Also, these domains can serve the traditional purpose of hosting websites. A major difference, in this case, is that these websites are censorship-resistant.

As the internet moves towards more decentralized applications, the Unstoppable Domains project does not only simplify the user experience for crypto, but it also puts a vital aspect of Web3 on the blockchain.

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