Tim Draper-backed Unstoppable Domains has launched its new.
The registry allows users to connect any cryptocurrency address to their domain, enabling payments to be made using just the domain name, according to a press release published on Oct. 11.Alleviating the need for length wallet addresses.
To make a payment, one only needs to know the blockchain domain.
This alleviates the need for copying and pasting unwieldy cryptocurrency wallet addresses.
Unstoppable Domains believes that this simplifying of cryptocurrency payments will lead to more widespread adoption.
"We believe that tribalism in the crypto community is slowing down adoption of the technology.Crypto is a domain name system meant to be used for any cryptocurrency payment and with any cryptocurrency wallet."
Aside from being used as a payment gateway, blockchain domains hold many benefits over their traditional counterparts.
A website hosted on a blockchain domain is stored by the owner.
The registry is not governed by or needs approval from the Internet Corporation for Assigned Names and Numbers, also known as ICANN. The domain registration is for life and does not have to be renewed and domain ownership can be transferred without the need for an escrow agent.
As Cointelegraph reported in May, Tim Draper's VC company Draper Associates was involved in a $4 million funding round for Unstoppable Domains earlier this year.
Tim Draper Bets on New.Crypto Domain to Replace Wallet Addresses
gepubliceerd op Oct 11, 2019
by Cointele | gepubliceerd op Coinage
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