MyEtherWallet (MEW) has teamed up with Unstoppable Domains to offer decentralized domain names featuring the extension “.crypto”.
23 April, 2020 | AtoZ Markets – Unstoppable Domains has proven to be an exciting project. This company mainly contributes to making the process of crypto-knowledge more accessible to people less knowledgeable about technology. Being able to convert a long address into a human-readable web link is a significant improvement.
Another Step Forward for Unstoppable Domains
The popular Ethereum (ETH) website and online application MyEtherWallet has teamed up with decentralized domain provider Unstoppable Domains to become the leading reseller of “.crypto” domain names. The millions of monthly MyEtherWallet users will now be exposed to blockchain domain names, which are designed to simplify crypto payments with readable addresses.
Instead of using the 35 bulky alphanumeric addresses associated with crypto wallets, buyers of “. crypto” domains can associate the domain with their crypto wallet. It will allow them to use simple addresses such as “your name.crypto” when they ask for payments.
This collaboration will enable users of “Unstoppable Domains” to discover MEW’s integrated functionalities such as cryptocurrency swaps, management of non-fungible tokens and a decentralized financial portal MakerDAO.
“Blockchain domains” improve the payment experience for cryptocurrency users. Our collaboration with MEW allows users to replace complicated crypto addresses with human-readable names. This is an essential step towards integrating the next billion people into crypto-knowledge. “
Although not all browsers support the extension, Unstoppable Domains integrated with the Opera browser and launched a Google Chrome extension. Brad Kam, co-founder of Unstoppable Domains, welcomed this partnership with MEW:
“This integration shows that wallets are becoming more than just places to store crypto. They become portals for accessing blockchain products and services. “
Brian Norton, director of MyEtherWallet, said that as the registrar of .crypto, MEW offers its users “an easy option for engaging in the decentralized web”.
The “.crypto” domains presented on Ethereum as “uncensorable” websites, not governed by and not requiring the approval of the Internet Corporation for Assigned Names and Numbers (ICANN). This means that they cannot be removed by domain hosting companies, unlike ordinary websites.
Unlike blockchain domain name services that only offer domains on one blockchain, Unstoppable Domains is blockchain agnostic. It allows its users to send or receive more than 50 different cryptocurrencies. Users also retain full control of their domains via a private key and can easily transfer ownership if necessary.
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