Unstoppable Domains is a decentralized domain name provider. The San Francisco-based firm makes crypto payments accessible to all using human-readable crypto wallet addresses instead of long-string public addresses. Each Unstoppable domain exists as an ERC-721 non-fungible token (NFT). Instead of renting a domain and paying renewal fees, Unstoppable Domains users pay a one-time fee for lifetime domain ownership, which is recorded on-chain publicly. In this Unstoppable Domains review, we’ll explore the platform’s various features. We’ll discuss the pros and cons of using Unstoppable Domains. Plus, we’ll explore how to use Unstoppable Domains and look at some of the platform’s recent integrations. So, if you’re wondering, “what is Unstoppable Domains?” – read on!
What is Unstoppable Domains?
So, what is Unstoppable Domains? Unstoppable Domains is a Web3 company that enables users to create decentralized websites and domain names linked to crypto wallet addresses. The company aims to build a decentralized community of user-owned domain names with enhanced functionality. It enables users to send crypto to websites, log in to applications, and verify digital identities. Also, the platform simplifies the crypto payments process by enabling users to send crypto to human-readable wallet addresses instead of long-string public wallet addresses.
Each domain is minted as an ERC-721 non-fungible token (NFT). Users can mint NFTs without paying for gas, and they don’t need to pay renewal fees. Unstoppable domains are essentially web addresses that connect to the blockchain. However, they provide advanced Web3 functionality by enabling users to connect to various decentralized applications (dapps). They also lower the barrier to entry for users by providing easy-to-read addresses like yourname.crypto, for example.
Unstoppable Domains users have minted more than 750,000 addresses. These addresses simplify the crypto transaction process by removing the need for public key addresses. Also, these addresses enable users to create decentralized websites which are secured by the InterPlanetary File System (IPFS) distributed file storage platform designed to work in harmony with blockchains.
Creating a website using a traditional domain usually involves renting a domain name, which you’re required to renew. Traditional domain service providers tend to use a centralized architecture with single failure points. Not only are these systems prone to attacks, but they also create a concentration of power among a small group of powerful entities. Unstoppable Domains addresses these issues using a decentralized architecture that empowers users by letting them own their domains and have full control over how they operate.
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How Does Unstoppable Domains Work?
Now that we have addressed the question, “what is Unstoppable Domains?” let’s dig a little deeper and explore how it operates under the hood. Unstoppable Domains uses the Crypto Name Service (CNS), a series of smart contracts on the Ethereum blockchain for generating and allocating blockchain domain names. At its core, the CNS comprises two smart contracts; The Registry contract is responsible for minting new NFT domains in a trustless, permissionless manner. The Resolver contract is responsible for converting human-readable domain names into cryptocurrency wallet addresses and documenting domain ownership on-chain.
Domains are issued as ERC-721 NFTs, which provide a unique on-chain representation of domain ownership. Also, the ERC-721 standard makes it easy to integrate domains with smart contract-based decentralized applications (dapps) and many of the top crypto wallets, NFT marketplaces, and crypto exchanges. Plus, a domain can be owned by a smart contract or a multi-signature wallet.
Unstoppable Domains Review
Now that we know how to use Unstoppable Domains, it’s time for Moralis Academy’s Unstoppable Domains review. Firstly, the platform significantly lowers the barrier to entry for crypto payments thanks to the use of human-readable addresses instead of long-string crypto addresses that are easy to forget. Domains are free to mint (on Polygon) and never need renewing. Prices start from around $20, so users get plenty of value for their money. Also, Unstoppable domains are highly versatile. They serve as both crypto wallets and web pages. Plus, they allow users to connect their domains with other dapps and are compatible with over 275 cryptocurrencies.
The app is available for desktop and mobile. Another key benefit of using a decentralized domain provider is that they’re censorship resistant. When using a provider like Unstoppable Domains, nobody can take down your website. Accordingly, the platform is helping to decentralize the internet and promote Web3 adoption. However, there are some potential drawbacks to consider for anyone looking to purchase a Web3 domain for the first time.
One of the biggest drawbacks in terms of adoption and accessibility is that you may need Ether (ETH) to purchase, register, and mint an Unstoppable domain. Users can mint domains on Polygon, but additional fees may apply, which we outline in the following sections. Anyone who’s familiar with non-custodial crypto wallets and interacting with dapps will likely have no trouble using the platform. However, using a crypto wallet and interacting with smart contracts can be challenging for newcomers to the crypto space.
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How to Use Unstoppable Domains
To begin, you can search for all available domains using the search bar on the homepage. You can upload a CSV file if you want to search for multiple domains. There’s also a watchlist that notifies users when specific domains become available.
You can purchase domains using a credit card, Crypto.com Pay, PayPal, and a range of crypto assets. When sending crypto from an exchange wallet, you’ll need to send enough to cover withdrawal fees. Also, selecting “Main Chains” is advisable when purchasing a domain using crypto. Purchased domains are displayed in the “My Domains” section of the app when the associated wallet is connected by navigating to “Account Settings” and selecting “Add Wallet”.
If you mint your domain on Ethereum, you’ll have to pay gas fees. However, if you mint it on Polygon, it’s free. Minting a domain as an NFT registers it on the blockchain. Domains are minted into the built-in Unstoppable wallet by default but can be transferred into various non-custodial wallets by clicking “Manage” on the Unstoppable Domains app. Transferring an NFT in this way requires gas fees, as you’ll have to sign a transaction to confirm the transfer. Domains are inactive until transferred to a non-custodial wallet. However, you can hold them in your Unstoppable wallet until you mint them.
Routing Crypto Addresses
Unstoppable Domains allows you to connect multiple crypto wallet addresses and route them to your Unstoppable domain name. To do this, navigate to “My Domains” and select “Manage.” Here, you’ll find a list of all supported assets which you can select to add to your Unstoppable wallet. Once you’ve selected the correct assets, you’ll need to sign another transaction. Once your crypto addresses are routed, you can send funds from another wallet by entering your domain name in the recipient wallet address field.
How to Use Unstoppable Domains For Domain Management
Once you know how to use Unstoppable Domains to set up your account and connect your wallets, you can begin accessing the decentralized web and managing your domains. Unstoppable Domains allows users to create decentralized websites and host Web3 applications. The platform provides a range of templates and modular tools for building websites. Alternatively, users can opt for one of the several supported third-party applications and upload files by linking an IPFS hash. Furthermore, these domains are supported by some of the leading Web3 browsers, including Brave and Opera.
You can transfer domains to supported wallets by navigating to the “Transfer” tab. Also, you can buy and sell domains on third-party marketplaces like OpenSea and Rarible. Please note that buying and selling domains via a third-party marketplace usually incurs a fee of around 2-3% and additional gas fees. Additionally, domain prices on third-party marketplaces may vary from those available via Unstoppable Domains.
Finally, you can connect your digital identities to your domain by navigating to the “Profile” section of the website. Here, you can connect your domain to NFT avatars, social media profiles, and email addresses.
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On December 29, 2022, Unstoppable Domains announced a partnership with Web3 banking firm “hi” to develop Web3 digital identity services. The initiative will be available to existing hi users. Silver-tier users will also receive a unique NFT Debit Mastercard that contains their NFT profile picture and .hi domain. Unstoppable Domains power these .hi domains. Holders of the NFT Debit Mastercard can pay for goods and services using crypto at over 90 million merchants globally and receive crypto rewards for doing so.
The partnership aims to bridge the gap between Web2 and Web3 by streamlining crypto payments and enhancing online experiences. Any existing hi customer who has passed KYC can claim a .hi domain via the hi app. Plus, minting .hi domains and NFTs on Polygon is free.
Unstoppable Domains Review: What is Unstoppable Domains? Summary
It’s easy to make a mistake when using a long, complex string of characters to send crypto. One slip of the finger, and you could send funds to a different public address. However, learning how to use Unstoppable Domains removes many of the complexities associated with crypto transactions. Unstoppable Domains provides memorable, human-readable addresses that also serve as fully-functional domains. The platform aims to decentralize the internet by giving users ownership of the domains they use instead of renting them and renewing them each year. Also, because domains can be managed by multiple parties using a multi-signature wallet or smart contract, the service is suitable for collaborative projects that require multiple parties to manage domains.
When you purchase an Unstoppable domain, you own it forever, and it cannot be taken away from you. Instead of relying on a central authority, Web3 domains use a decentralized network of nodes to secure your data. This prevents central authorities from censoring any website or application you build on that domain. Also, Web3 domains that use NFTs provide a transparent, immutable, public ownership record. Moreover, Unstoppable domains provide greater functionality than traditional domains. They allow you to send and receive crypto assets, interact with smart contracts, and deploy decentralized websites.
Moralis Academy’s Unstoppable Domains Review – Final Thoughts
After reading this Unstoppable Domains review, you should understand how to use Unstoppable Domains to access the decentralized web. The next time somebody asks you, “what is Unstoppable Domains?” you’ll be equipped to inform them. Nonetheless, you can always refer them to this Unstoppable Domains review!
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