Ethereum dApp Unstoppable Domains is going viral

Ethereum dApp Unstoppable Domains is going viral

Unstoppable domains, the application offering Ehtereum blockchain domains are getting hugely popular. This is the second app after CryptoKitties that is seeing viral activity on the network with people snapping up .crypto registry domains.

As blockchain goes mainstream, the demand for blockchain domains is rising exponentially. Unstoppable Domains offers domain registry building services to the users. More than thirty thousand (30K) .crypto transactions have been recorded within a day of the launch.

Demand for Ethereum blockchain domains will increase further

Unstoppable Domains, with headquarters in San Francisco, has started offering blockchain domain registries. And suddenly everybody wants one! The biggest advantage of a blockchain-based domain registry means that websites hosted on such domains are free from censors or unnecessary blocking by government authorities.

The wallet address of a user’s digital assets can be linked to the domain name, which will ultimately boost the security as well as transparency. Also, this does away with the need for text strings and immensely simplifies cryptocurrency payments.

Brad Kim, the founder dApp Unstoppable Domains, says that these domains are super easy to use. Earlier user has to undertake transactions and remember lengthy wallet addresses. Now, users have to remember the domain name for a transaction. More than fifty independent crypto addresses can be linked to a single domain to process transactions. These domains are also a great safeguard against unnecessary censorship that plagues many sectors today.

Unstoppable Domains becomes Top Ethereum app

Unstoppable Domains is now the Ethereum network’s top dApp. The recent thirty thousand (30K) transactions within a day have dwarfed the competition. Interestingly, Ethereum Network is miles ahead of the closest competitors like Tron or EOS in terms of the number of users, transaction activity and network value.

Unstoppable Domains has also registered around one hundred thousand (100K) .zil domains. In total, it has registered one hundred eighty thousand blockchain domains (180K) so far. Tim Draper, the perennial Bitcoin bull, backs the venture.

Image Source: Pixabay

Gurpreet Thind

Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

Related News

Hot Stories

How to avoid crypto casino scams
Financialgates.net Review: Can you trust this broker with your money? - Financial Gates Review
BudBlockz returns 45%. Ethereum Merge could boost returns further
USDC vs Tether: How Do They Differ?
Dogecoin price analysis: DOGE declines its value to $0.0608

Follow Us

Industry News

What is happening with Nexo?
FTT burn Vs. BNB burn Vs. Shiba burn
Was the Wintermute hack an inside job?
Watch: Inside the Walmart Metaverse 2022
Why should Africa foster blockchain in an emergent economy?