With the recent surge in interest in cryptocurrencies, there has been a corresponding increase in the number of services that cater to this growing market. One such service is Unstoppable Domains, which allows users to create and manage their own blockchain domains. In this Unstoppable Domains review, we’ll take a close look at how this service works and whether it’s legitimate.
We’ll also explore some of the potential uses for blockchain domains and how they could revolutionize the way we use the internet. So if you’re interested in learning more about this exciting new technology, read on!
What Is Unstoppable Domains?
Unstoppable Domains is a registration platform for buying decentralized or crypto domains. Unlike traditional websites that use the Domain Name System (DNS) technology, Unstoppable Domains uses a Crypto Name Service (CNS), a blockchain technology.
It was created by Braden Prezeshki and Matthew Gould in 2018, with the latter as the CEO. The aim was to make crypto transactions easier by making crypto addresses readable by humans. This is similar to DNS but only for crypto.
Both these founders have incredible experience in tech. Matthew Gould is an esteemed entrepreneur with multiple companies under his wing. Furthermore, Braden Prezeshki, the CTO, believes in the power of technology to create positive change.
This platform lets you put over 280 crypto addresses under one domain name. Therefore, your domain name is all you need if you expect a transaction. Once you buy your domain name, it is permanently yours.
Consequently, this sets it ahead of its DNS counterparts, such as Namecheap and GoDaddy, which only allow you to rent the Domain. Since you own the Domain, you have full control of it and the content you choose to upload.
How Does Unstoppable Domains Work?
Now, let’s look at how to use unstoppable domains. You can get your unique domain name from their official website. There is a search option that allows you to choose the domain name. Once you buy it, you need to claim it for it to be transferred to your wallet.
Several factors influence the total cost of the Domain. These include:
- The extension type: Some are cheaper than others. For example; .wallet costs less than .crypto.
- The length of the Domain: Shorter names are more expensive as they are in more demand and are easier to remember.
- The gas fees: You need ETH to claim your Domain after payment since it is hosted on the Ethereum Blockchain. Therefore, you can use Metatask or any other compatible wallet.
Once you have claimed your Domain, you can use your dashboard to add as many crypto addresses as possible. Your Domain will be used during a transaction for any of these tokens. The transaction will be held, undergo verification, and rerouted to the intended crypto wallet.
It can also be used as a decentralized website on the InterPlanetary File System (IPFS) hosting. This protocol is a peer-to-peer system for storing and distributing data. Furthermore, since it uses cryptographic hashes to store data in the blockchain, it is secure.
They have a template that can help you build your desired website, including personal websites, business websites, and blogs. In addition, once you customize the website, you can preview it before it goes live.
Since Unstoppable Domains use blockchain technology, it is also useful in building Dapps using smart contract platforms.
Pros and Cons
Here are some pros and cons that are associated with Unstoppable Domains.
Pros
One-Time Cost
Domains on this platform work like mined NFTs. Therefore, once you buy it, you don’t need to pay any renewal fees. This allows your Domain to be fully functional at all times, unlike with DNS, where failure to pay the fees results in the resale of your Domain.
Complete Ownership
Search engines, government agencies, and relevant international bodies can censor websites by taking down content and restricting domains. However, on Unstoppable Domains, you are the only one with the authorization to change your domain name, sell it, or alter your website content.
Fantastic Security
This platform uses blockchain, which is revered for its security. Since you are the only one with the security key, no one can edit or bring down your Domain. In addition, a two-step authentication feature on the website when signing up further secures your data.
Easy Use of Cryptocurrency
Keeping track of all your crypto addresses can be quite challenging, especially if you have several. You can have all your addresses under one username with a domain name from Unstoppable Domains.
Personalization
Most domains require you to have some knowledge of programming to customize your website. However, with this platform, you get access to various designs and themes for you to choose from. Furthermore, once you log into your Domain, it becomes easy to upload content.
Multiple Methods of Payment
When buying a domain, multiple forms of payment are available to you. You can use credit cards, debit cards, PayPal, or cryptocurrency. This allows you to plan your expenditures appropriately.
Affordable Domains
On average, a domain name may cost you between $5 and $20. If you add claiming fees, you may spend about $50 as a one-time cost. This is quite a steal, as the average domain cost is between $5 and $50 annually, depending on the extension.
Cons
Limited Browser Support
Many browsers have not adopted Unstoppable Domains. As of October 2022, only Opera and Brave accept these domains without extensions. Other popular browsers such as Firefox, Chrome, and Edge need an extension for access.
The platform has created an Unstoppable Domains extension, which you can easily integrate into these browsers. However, this may still pose a minor inconvenience.
Limited Web Hosting
The process of hosting a traditional website on Unstoppable Domains is still complex, as you will need a decentralized service like IPFS. However, the installation process of this protocol isn’t user-friendly and consumes a large amount of bandwidth.
Distorted Public Perception
As Unstoppable Domains gain a lot of popularity, there is still a misperception that they’re only used in cryptocurrency. Because of this, the average person who uses the internet might not know all its features.
Cost of Claiming Your Domain
Since you can only claim our Domain using Ethereum (ETH), it may be inconvenient if you lack its address. You may have to start by setting up your Ethereum account. Setting up a wallet will cost you additional charges.
Is Unstoppable Domains a Good Investment?
It depends on your reason for buying. If you want to replace your traditional DNS-compatible Domain, the answer is not yet. While these domains are becoming popular, they aren’t supported by common browsers such as Chrome, which may make access difficult.
Furthermore, their architecture uses different technologies. Therefore, if you choose to keep both, it will be a hustle to upload content to them.
It may be right for you if you are looking for a long-term investment. Web 3.0 is still growing rapidly, and these domains will likely be in high demand in a few years. Therefore, prices will keep increasing.
By getting your Domain now, you can enjoy its features as you wait to see whether you want to keep the Domain or sell it later at a profit.
How to Buy a Domain
Buying an Unstoppable Domain domain is an easy process that can be done on their website. Follow the step-by-step guide below to set up:
- Create an account or sign in if you have one.
- Verify the email you receive.
- Using the search bar, type in the name you want.
- Confirm whether it’s available. If not, try another name.
- Add the domain name to your cart and Click on Checkout.
- Select your payment method. You can choose to pay via Credit Card, Crypto, PayPal or directly from Crypto.com App. Note that the transaction will take some seconds to reflect depending on the payment method you use.
- Once the payment goes through, you will receive an email confirming the same.
Mint Your Domain
- Now that you have your Domain, you need to Mint it to get full ownership of the Domain in the blockchain.
- To Mint, click on Free Mint, and click Continue in the pop-up that opens.
- Then connect to a wallet to help you mint.
- Choose your preferred mint wallet like MetaMask, connect and request for verification code.
- After this, enter the verification code you’ll receive at your email address. You’ll then receive the pop-up below. Click on the wallet address.
- Now you are ready to mint your domain. Tick the “I understand button” and click confirm.
- To complete this process you have to confirm your email.
- Once you finish your confirmation the minting process will start.
- Once the transaction undergoes approval, the domain is yours.
Conclusion
Interacting with cryptocurrency is difficult if you have multiple wallet addresses. While copy and paste may work, Unstoppable Domains allows you to unify all your addresses under one domain name.
Furthermore, with censorship on the internet on the rise, there is a growing need to give back freedom of speech to people. With an Unstoppable Domain, you can upload your content without fear of alteration or removal by government bodies or search engines.
As more features of this platform become more popular, it will be interesting to see whether the masses can fully adopt it as a replacement for DNS domains and what impact it has on crypto in the long term. With the knowledge from this Unstoppable Domains Review, you can invest while it’s still early.
Interacting with cryptocurrency is difficult if you have multiple wallet addresses. While copy and paste may work, Unstoppable Domains allows you to unify all your addresses under one domain name.
Furthermore, with censorship on the internet on the rise, there is a growing need to give back freedom of speech to people. With an Unstoppable Domain, you can upload your content without fear of alteration or removal by government bodies or search engines.
As more features of this platform become more popular, it will be interesting to see whether the masses can fully adopt it as a replacement for DNS domains and what impact it has on crypto in the long term. With the knowledge from this Unstoppable Domains Review, you can invest while it’s still early.
FAQs
1. Is Unstoppable Domains Safe and Legit?
Yes, it is. Your Domain is registered on the blockchain, specifically under your address. Therefore, no hackers can get to it unless they get through the blockchain, which has never happened.
Only buy from the Unstoppable Domain’s official website to get a legitimate domain. An alternative is to buy on their official page from sellers on sites like OpenSea.
2. Who Should Use Unstoppable Domains?
Anyone who wants to make cryptocurrency management and transactions easier, own their Domain, and invest for the future. Whether you are a businessperson or using it for personal use, it has features for everyone.
3. Is Unstoppable Domains Good for Crypto?
Yes, Unstoppable Domains can help you simplify all your crypto transactions with just one domain name. Once you link up your wallet addresses, you can easily keep track of your transactions without making mistakes in addresses.
4. Is Unstoppable Domains a Crypto Wallet?
No, it is the registry that deals with the buying of domains. In and of itself, it is not a crypto wallet. However, it provides a unique domain name for you to link your cryptocurrency wallets. It supports over 280 cryptocurrencies.
5. How Much Does It Cost?
On average, getting a great domain name on Unstoppable Domains costs about $5 to $20. However, the price will go up if you choose shorter words or different extensions. Some domains are worth more than $1,000, with premium domains costing tens of thousands.
You also want to include the claim fees in ETH depending on its current cost and network jam. You may end up paying approximately $50 for a cheaper name.
