How unstoppable domains are accelerating the world’s transition to cryptocurrency – Sponsored Bitcoin News

Sponsored

The goal of cryptocurrencies is to restore financial freedom to the individual. To fully realize this vision, the cryptocurrency world needs to remove its greatest barriers to entry. One of the biggest challenges newbies face is sending and receiving payments. This intimidating process involves typing a long series of random letters and numbers into an address bar, pressing submit, and hoping that the address was entered correctly. If the user enters the wrong address, their money is gone forever.

At least that’s how it used to work.

By replacing those long messy addresses with easy-to-read names like brad.crypto, Unstoppable domains is on a mission to bring everyone to the cryptocurrency world. With the help of Bitcoin.com, this mission is closer to reality.

The Bitcoin.com wallet now supports the Ethereum Blockchain and Unstoppable Domains, enabling millions of wallet users to send and receive their favorite cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum and more under a single domain name. This is a monumental step in promoting interoperability in the blockchain ecosystem by supporting hundreds of cryptocurrencies that can be easily swapped with one simple name. And it’s just the beginning.

Blockchain domains – domains with superpowers

While traditional domains are mostly just website addresses, blockchain domains are much more. A domain from Unstoppable Domains acts as a decentralized username – a personal piece of the blockchain. These blockchain domain names are linked to wallet addresses, making it easy to send and receive cryptocurrency payments, store digital assets, and create or browse decentralized websites from anywhere in the world.

Once users get their own blockchain domain, like AnyName.crypto, you are 100% owned by them. There are one-time upfront costs, but unlike conventional domains, there are no renewal fees or price increases. Bitcoin wallet owners can now use unstoppable domains to make and receive cryptocurrency payments, and even integrate wallets for other cryptocurrencies like Ethereum, Bitcoin Cash, and more. In fact, over 200 different cryptocurrencies can be sent, received and stored with a blockchain domain. Users no longer have to memorize many different long and error-prone alphanumeric addresses. They can all be reached through a single domain name.

How unstoppable domains are accelerating the world's transition to cryptocurrency

Real digital money

Bitcoin launched as a new peer-to-peer e-cash system in 2008 and has become a global phenomenon. While security and transparency are superior to many legacy systems, for many newcomers it is not as easy as digital cash. Fortunately, using Bitcoin, Bitcoin Cash, or Ethereum on blockchain domains is as easy as sending cash because you only need to know a name.

Replacing long addresses in this way will make crypto payments easier and more user-friendly, leading to widespread adoption of crypto, similar to a decentralized venmo. However, unlike Venmo, these digital payments are transparent, without permission, limitless and under the complete control of the users. The continuous improvement in the experience of how individuals and businesses exchange digital payments is already having network effects. At the time of writing, over 1 million domains have been registered by Unstoppable Domains to drive the digital cash revolution that Satoshi envisioned.

The gateway to the web3

Using blockchain domains isn’t just limited to friendly payments. Crypto and blockchain domains are positioned to reduce friction for digital transactions between individuals, businesses, content creators and more on the web3.

Web3, also known as the decentralized web, is the new internet that uses current services, but it is rooted in the permissionless, secure and transparent technologies contained in blockchain, cryptocurrencies and smart contracts. In this decentralized ecosystem, internet users will own their own data and be able to use these systems as they please, rather than being controlled by the actions of large centralized large technology companies.

Blockchain domains are the foundation of Web3 as they are the gateway to the decentralized web. In addition to serving as a user interface, they also host decentralized websites for businesses and decentralized apps for various services such as the Decentralized Finance Protocols (DeFi) known today. Countless possibilities from a single domain.

How unstoppable domains are accelerating the world's transition to cryptocurrency

Secure your place on Web3

In the years to come, blockchain domains will undoubtedly solve the current adoption problems and keep adding new features. These new features will evolve blockchain domains from payment simplifiers to universal decentralized usernames. These usernames act as single sign-on (SSO) to Web3 apps and websites, which are more accessible and secure than today’s fragmented systems.

In the meantime, the number of people who own and use Bitcoin and other cryptocurrencies will increase massively as blockchain domains make them easier to use. The sooner users realize they can simplify their crypto experience, the sooner we will start to really move the needle for global economic freedom.

Simplify your gateway to crypto and web3 at Unstoppable domains

This is a sponsored post. Find out how you can reach our audience here. Read the disclaimer below.

Photo credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



source https://bidsfor.me/how-unstoppable-domains-are-accelerating-the-worlds-transition-to-cryptocurrency-sponsored-bitcoin-news/

Comments

Post a Comment

Popular posts from this blog

‘Doctor Bitcoin’ pleads guilty to operating an illegal crypto exchange in the US and faces 5 years in prison – regulation Bitcoin News

A Texas man who calls himself “Doctor Bitcoin” pleaded guilty to having operated an illegal cryptocurrency exchange business converting cash into Bitcoin. He faces five years in federal prison. Crypto Exchange Operator pleads guilty The US Department of Justice (DOJ) announced Tuesday that a Texas resident, Mark Alexander Hopkins, pleaded guilty to “illegally engaging in a business converting cash into cryptocurrency.” The 42-year-old man, who calls himself “Doctor Bitcoin,” pleaded guilty to running an unlicensed money transfer company. Acting US attorney Prerak Shah in detail: This defendant ignored federal law and allowed scammers to use Bitcoin to operate under the radar of law enforcement. We are determined to rid the Bitcoin market of anyone who knowingly helps criminal actors hide illegal profits in crypto wallets. Hopkins admitted to running a cryptocurrency exchange business and converting US dollars into cryptocurrency, primarily Bitcoin, for a fee. He also admitted...
Read more

Payments Giant NCR brings Bitcoin trading to 650 US banks and their 24 million customers – Finance Bitcoin News

Payment giant NCR and New York Digital Investment Group (NYDIG) are working together to enable 650 U.S. banks to offer Bitcoin trading to their 24 million customers through their mobile applications. 24 million customers from 650 Main Street banks could soon have access to bitcoin trading New York Digital Investment Group (NYDIG) said Wednesday when 650 banks and credit unions in the US will soon be able to offer Bitcoin trading to their customers via their mobile applications. The Bitcoin option is made possible through a collaboration between NYDIG and corporate payments giant NCR. NYDIG is a bitcoin technology and financial services subsidiary of Stone Ridge, a $ 10 billion alternative asset manager. NCR digital banking president Douglas Brown was quoted by Forbes as saying: We strongly believe in the benefits of crypto and its strategic application. And that goes for our banking relationships, as NYDIG proves, and for retailers and restaurants and the like. Founded in 1...
Read more

These are the 5 Most Expensive Crypto Economics Assets Per Unit – Markets and Prices Bitcoin News

Image
As of July 18, Bitcoin is the most valuable cryptocurrency in US dollars per unit, currently trading for $ 31,693. In addition to all the packaged Bitcoins and synthetic Bitcoin connections, the second highest crypto asset per unit is the longing for financing and the manufacturer follows. Removing market cap positions and looking at crypto assets this way gives a user a completely different perspective. A look at the top digital currencies by unit price At the time of writing, there are only two crypto assets worth five digits and only two worth four. A look at the price of each coin per unit shows how many coins are being traded in certain price ranges. The unit price recorded in this report was recorded at 8:55 a.m. EDT on Sunday, July 18, 2021. The data was collected from the crypto market aggregation sites market.bitcoin.com and coingecko.com. The five most expensive crypto assets per unit include Bitcoin, Long Finance, Maker, Ethereum, and Bitcoin Cash. The per-unit pric...
Read more