Bitcoin News and Finance
Bitcoin.com Simplifies Cryptocurrency Payments, Enhances Data Sovereignty With Unstoppable Domains Partnership Skip to main content

Bitcoin.com Simplifies Cryptocurrency Payments, Enhances Data Sovereignty With Unstoppable Domains Partnership

In partnership with Unstoppable Domains, Bitcoin.com is making it easier than ever to use cryptocurrency as a payment method. Users of the multichain Bitcoin.com Wallet can now send cryptocurrency to the full range of domains offered by the blockchain-based domain provider. This means, for example, that people can send bitcoin to a human-readable address like ‘elizabeth.crypto’ rather than to the long and complicated wallet addresses that are native to the Bitcoin protocol (eg. bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq).

“Cryptocurrency is a powerful force for creating economic freedom in the world, but adoption has been stifled by the frankly poor user experience — and the industry-standard usage of complex wallet addresses is a key pain point,” said Bitcoin.com CEO Dennis Jarvis. “Unstoppable Domains’ human-readable addresses are a big step in the right direction, which is why we’re proud to support them in our fully self-custodial wallet.”

Unstoppable Domains is one of three major providers globally of blockchain-based domains, the other two being the Ethereum Name Service (ENS) and the Foundation for Interwallet Operability (FIO). These services, all of which are supported in the Bitcoin.com Wallet, provide domain name extensions that are tied to a public blockchain rather than to the traditional Domain Name System (DNS).

“When ownership of domain names is managed via public blockchains rather than in the private databases of traditional domain name registry services like Verisign, the result is reduced censorship risk and enhanced property rights — two of the key value propositions of cryptocurrency in general,” said Jarvis.

At Unstoppable Domains, buyers can purchase a domain name like ‘brad.crypto’ which is represented as a nonfungible token (NFT) that lives on either the Ethereum or Polygon blockchains. Via Unstoppable Domains’ web portal, buyers can map their cryptocurrency addresses to their domain name/NFT, and that information is recorded on the blockchain. Anyone using the Bitcoin.com Wallet can then send any mapped cryptocurrency to the domain name owner by typing in the domain name (eg. ‘brad.crypto’) in the send field.

“With over 32 million wallets created, Bitcoin.com Wallet has the potential to bring usage of NFT domains to the mainstream,” said Sandy Carter, SVP of Business Development at Unstoppable Domains. “We’re thrilled to expand our partnership with Bitcoin.com so we can not only simplify cryptocurrency payments, but also empower people to own their data and their identity across web3.”

Bitcoin.com CEO Dennis Jarvis added, “With Bitcoin.com launching our rewards and utility token VERSE, we’ll be guiding more and more newcomers into the web3/DeFi world. In that environment, tools that enhance sovereign ownership of data are essential infrastructure. We’re excited at the progress Unstoppable Domains is making, and we’re looking forward to deeper integrations in the future.”

 

ABOUT UNSTOPPABLE DOMAINS

Founded in 2018, Unstoppable Domains is an NFT domain name provider and digital identity platform working to onboard the world onto Web3. Unstoppable Domains offers NFT domains minted on the blockchain that give people full ownership and control of their digital identity, with no renewal fees. With Unstoppable Domains, people can replace lengthy alphanumeric crypto wallet addresses with a human-readable name and log into and transact with more than 200 apps, wallets, exchanges and marketplaces. The company was named by Forbes as one of America’s Best Startup Employers in 2022.

 

 

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory