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Unstoppable Domains bring decentralization into web space ownership and management. They also allow the users to deal with NFTs and other assets in a secure manner. Using these unique domains, integrating blockchain into the internet is much easier.
Blockchain is unraveling a world of possibilities. It solves many existing problems and shows a new path to the world. While introducing decentralization to the whole world, it’s bringing new solutions to the fore. Unstoppable domain is one such trailblazing solution that changes the way we have been dealing with the internet. So let’s delve into it and see what makes it so unique and prolific.
Let’s Understand Unstoppable Domains
When someone says domain, people start imagining website addresses ending with dot com and country-based URLs. As of now, the world has seen only centralized domains. The ones controlled by third parties or governments. No one ever imagined that a domain could be decentralized too. Well, with unstoppable domains, it all becomes possible.
Introduced in 2018, unstoppable domains are completely owned and managed by users. Their owner can also transfer or sell them at their convenience. They can use these digital spaces to build their businesses and digital reputation. Like all the decentralized entities, these domains also store data on blockchain. Each UD is powered by a distributed ledger that is tamper-proof.
This means that users can be 100% confident about the safekeeping of their data. They act as bridges of trust in the digital age. Moreover, they come with some very unique features too.
The Unmissable Features of Unstoppable Domains:
These attributes ascertain smooth functioning and high adaptability of UDs.
Facilitates Transactions- The UDs make transactions of cryptocurrencies very easy. They even make the buying and selling of NFTs quick.
Profile Badges- The profile badges display the record of all the domains in the Web 3.0 community. It shows their affiliations and accomplishments in a certain order.
Reverse Resolution- With this capability, users are able to enhance the personalization of their profile. They can tweak the domain names and wallet addresses easily.
Email Encryption- UDs make emails 100% end-to-end encrypted. They can total security of communication done across the web space.
High Accessibility- The unstoppable domains are accessible on mobile apps as well. Users can manage them seamlessly from any place.
A Sneak-Peek Into Unstoppable Domains’ Architecture
UDs use the Ethereum network and Crypto Name Service (CNS) for its basic functionality. Both services enable it to be compatible with non-fungible tokens (NFTs). However, for this particular asset, it complies with the ERC-721 standard. It makes the tracking and transferring of NFTs easy for everyone. Furthermore, it ensures that every domain remains unique.
The CNS comprises two types of smart contracts:
Registry Contract- It autonomously manages crypto domain ownership and creation. Operating without any overlooker, it authorizes minting, transfers, and integration of domains.
Resolver Contract- This one translates domain names into domain records and crypto addresses. In addition, it enhances the decentralization and brings in more information.
Future of Unstoppable Domains
Unstoppable Domains are helping the decentralized web space evolve. They are backed by leading crypto firms and designed to fulfill the needs of users. With all the cutting-edge features and functionality, these solutions are making blockchain more acceptable. They make the working and spreading of digital assets very easy.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
