Hey ninjas, how’s the trading going? The crypto market is in the red zone on the day as the majority of the top 20 cryptocurrencies are reporting losses.
The largest cryptocurrency Bitcoin is down on the day reporting2.19% losses and is trading at $8,343 at press time. Ethereum is down 4.33% and is trading at $182, XRP is currently trading at $0.26 and is down 1.11%.
According to a press release published on the 11th of October, Unstoppable Domains has launched a new crypto domain registry on the Ethereum blockchain, the new registry enables users to make payments with just the domain name by connecting any cryptocurrency address to their domain.
Unstoppable Domains reportedly received $4 million from Tim Draper’s Venture capital firm Draper Associates during its funding round earlier this year.
The CEO of Unstoppable domain that he believes that “Tribalism” is slowing down the adaptation of crypto technology and the new domain would remedy that. To make a payment the user only needs to know the domain name and there would be no need for copying and pasting large cryptocurrency wallet addresses.
Owning a blockchain domain holds many benefits except being used for crypto payments. Crypto domains do not require yearly renewal and ownership can be transferred without an escrow agent. The domain is stored by the owner and no third party access it so it is uncensorable by the authorities.