Easy Domains – a firm comes with in May to the tune relating to $4 shades by Draper Associates and Boost VC – said Comes to an end that the new . crypto extension can be connected to users’ community cryptocurrency address, allowing third-parties to more easily send budget.
A startup building sies on blockchains has just launched a. crypto name registry regarding ethereum.
Doing away with in length, complex crypto address (for example, a bitcoin handle will look something like “1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2”) suggesting a more memorable and less mistake-prone domain will “simplify cryptocurrency payments and lead to popular adoption, ” Unstoppable Fields claimed.
A new firms indicated it’s wedding ceremonies seen a high level of interest in the first domain extension,. zil, with over 100, 000 having been sold.
The original service was constructed on the Zilliqa blockchain (hence the. zil domain) along with website content was built up on the InterPlanetary File System (IPFS) or other decentralized cabinet networks, the company said during the time.
While the all new registry is built on ethereum, it isn’t restricted to checks in ether.
Co-founder and CEO Mat Gould commented:
“We believe that tribalism in the crypto community is really slowing down adoption of the systems.. Crypto is a domain name mechanism meant to be used for any cryptocurrency payment and with any cryptocurrency wallet. Sending money for any. crypto domain is a tool simpler user experience in your millions of cryptocurrency users about that currently have to copy/paste and therefore type in long addresses to get able to transact. ”
The firm’s blockchain domains can also be used to provide “uncensorable” websites, it says found on its website. Linking the domain to content for a decentralized storage network ends in pages that “no one” can take down.
Using an immutable blockchain to produce web domains can have some downside, however.
As reported last week, a hacker exploited a bug a new auction exercise by OpenSea for the Ethereum Naming Service (ENS) resulting in a number of top level labels – including apple. eth, defi. eth, purchase. eth, and pay. eth. ~ being nabbed with no ways to retrieve them.
After OpenSea appealed to hacker and offered a reward, the domains were handed back .