In this article, we will talk about the transition from Web2 to Web3, with a main focus on the possibilities offered by… 🥁🥁🥁 Crypto domains!
The Evolution From Web2 to Web3
Can you imagine if every time you wanted to visit the Bit2Me Academy website you had to type in 91.121.161.210 instead of academy.bit2me.com? This marked the evolution that took Web2 to the masses, what we know today as the Internet. Allowing it to become more user friendly, and as a result accelerating adoption.
In the fast changing world we live in today, this innovation has arrived to Web3, protecting crypto enthusiasts from mistyping wallet addresses, and allowing them to effortlessly remember human readable domains/wallets.
If you want to stop typing or copy/pasting more than 40 alphanumeric characters when you want to receive or send your assets ,and avoid the risk of losing your assets along the way. Then you should probably start using crypto domains.
Crypto domain providers such as Unstoppable Domains, allow us to easily attach an address like this: [0xd7c302fc3ac829c7e896a32c4bd126f3e8bd0a1f] to human-readable addresses like these: B2M .crypto / .nft / .wallet / .bitcoin / .dao / .coin. Better yet, with Unstoppable Domains pay once and it’s your forever.
Source: Unstoppabledomains
So, What Are Crypto Domains?
Crypto domains are wallet addresses turned into something more readable and easier to remember for everyone who wants to send or receive crypto assets. They allow you to host your wallet on a decentralized and secure network.
Advantages of Owning a Crypto Domain
A New Way to Pay
Replace a complex wallet address with an easy-to-remember crypto domain.
New Website URL
As with conventional domains, you can query your crypto domains through any search engine, such as Brave, Firefox, Safari or Chrome.
Source: Unstoppabledomains
Ownership
Unlike social media, where both your user and your content belong to the platform, when you acquire a crypto domain, the only owner of this digital asset is yourself. Giving its owner the power to transfer it to whomever they want, whenever they want.
True ownership = Proof of ownership + Transfer of ownership
Universal Username for Applications
Your crypto domain will be your universal interoperable username across all Web3 applications.
Security
Your crypto domain will be hosted on a decentralized and secure network.
Crypto Domain Trading
Crypto domains are non-fungible tokens (NFT), making them tradeable for anyone who owns one. This is achieved through the use of a smart contract to make the process more secure to transfer, buy, or sell a crypto domain.
How Can You Own a Crypto Domain?
Now that you have a better understanding of what crypto domains are, and how they can be implemented, it is time to show you how to obtain yours.
- Sign up on the Unstoppable Domains website with your Google account, email address, or crypto wallet.
- Enable two-factor authentication.
- Choose your domain.
- Buy your crypto domain with one of the different payment methods offered in the Unstoppable Domains website: Credit Card, PayPal, Cryptocurrency, etc.
- Send your domain to your wallet (if you wish).
- Open the control panel and configure which cryptocurrencies you want to be able to receive.
Source: Unstoppabledomains
We hope you find this information helpful and encourage you to experience the decentralized internet through Unstoppable Domains.
