After CryptoKitties, the Ethereum blockchain again has an application that has been the most active on its network recently. Following the launch of its .crypto registry for blockchain domain names, Unstoppable Domains has stormed to the top of the most active dApps (decentralized applications) on Ethereum. Over 30,000 .crypto transactions were processed by users within 24 hours of the service launching.
Why Do I Want A .crypto Domain?
San Francisco-based Unstoppable Domains is building domain registries on blockchains. But why would you want one?
For starters, having the domain registry held on a blockchain means that websites using that domain cannot be blocked or censored.
But for many users, perhaps the key reason for having one is the ability to attach digital asset wallet addresses to the domain name. This enables simplified cryptocurrency payments without the need for unwieldy text strings. Unstoppable Domains Co-Founder, Brad Kam explained:
This new standard for cryptocurrency payments improves the user experience by…