Despite the nation’s imminent Bitcoin ban, India’s largest crypto-currency exchange will use Unstoppable Domains to build and host blockchain-based URLs.

Home / Despite the nation’s imminent Bitcoin ban, India’s largest crypto-currency exchange will use Unstoppable Domains to build and host blockchain-based URLs.

India’s largest cryptocurrency exchange, Unocoin, has adopted the blockchain-based Unstoppable Domains, which simplifies crypto transactions by turning blockchain addresses into human-readable web URLs.

The collaboration between Unocoin and Unstoppable Domains, both backed by Silicon Valley founder Tim Draper, was announced on Wednesday, and is intended to minimize remittance costs and ease the transaction process for the 1.2 million users of the exchange.

Unstoppable Domains turns crypto addresses into decentralized websites on the Ethereum and Zilliqa blockchains. Instead of sending coins to a 42-character blockchain address, Unstoppable Domains allows users to create simple URLs ending in “.crypto” and “.zil” extensions. Domain names need only be purchased once, and then exist forever on the blockchain without requiring any renewal or maintenance fees.

Leave a Reply

Your email address will not be published.