Until recently, in order to register a domain it was enough to just find a valid domain, through domain providing websites such as Godaddy or Namecheap. Website domains, are managed and coordinated by a centralized authority, named ICANN (Internet Corporation for Assigned Names and Numbers).
Unstoppable Domains a blockchain domain provider, announced the launch of .crypto domains which are based on the Ethereum Blockchain. In contrast tο the traditional domain registrations, the .crypto domains registered through UD, are stored by the owner and not by a registrar.
.Crypto domains are based on the Ethereum Blockchain, which makes them truly decentralized. This creates an entirely new internet, giving new possibilities to the internet users. These domains are censorship-resistant in a way no company or 3rd party can control them. Moreover, to add on the positive aspects, a .crypto domain is terribly difficult to be attacked, as an attacker would need to take down the overall ethereum network in order to take down a website.
As Unstoppable Domains claim, their system is being used for sending money in any cryptocurrency, any wallet, and can be used in any decentralized application.
Blockchain domains can be used for diferent reasons including:
- creating uncensorable websites which companies cannot control;
- they can be used as a payment gateway for cryptocurrency payments;
- they do not require approval from ICANN;
- there is no requirement for a renewal fee;
- transfer of the domain from or to anywhere in the world can take place in les than 1 minute.
Integration with major browsers: