The crypto exchange Coinbase, based in San Fransisco, has partnered with Unstoppable Domains to provide support for .crypto web domains.
The domains are a blockchain-based “uncensorable” web domain. Coinbase now supports the buying and selling of .crypto domains and paying other users within the Coinbase Wallet with the domains.
So instead of sending payment to a long confusing address the Coinbase Wallet allows you to send payments to a .crypto web domain instead.
The .crypto domains are different from other domains because you can host decentralized websites. These websites run on the InterPlanetary File Service (IPFS), a peer-to-peer protocol for web hosting.
Blockchain based domains operate outside of ICANN jurisdiction. Other websites under the auspices of ICANN, like .com and .net, can be shut down by authorities or at ICANN’s discretion. The .crypto domains can only be controlled by those with the private keys because they live on the Ethereum blockchain.
Now that the tech is a part of the popular Coinbase crypto exchange, these domains may become more common.
“By supporting blockchain domains, Coinbase is single-handedly moving this market into the crypto mainstream.”Brad Kam, Co-founder Unstoppable Domains