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Myetherwallet to Allow .Crypto Blockchain Domains

MyEtherWallet (MEW) has partnered with Unstoppable Domains to offer a decentralized domain with the “.crypto” extension.

MyEtherWallet users will now be able to buy (dot) crypto domains directly from MyEtherWallet.com. The fact makes Ethereum-based wallet the first reseller of (dot) crypto blockchain domains. Meanwhile, MyEtherWallet becomes a domain registrar.

As stated in press release, the new partnership allows millions of monthly MyEtherWallet users to use blockchain domain names, which are designed to simplify crypto payments with readable addresses.

Instead of using the difficult-to-read addresses associated with crypto wallets, buyers of .crypto domains will be able to associate the domain with their crypto wallet. This will allow them to use simple addresses such as “your name.crypto” when they ask for payments.

Blockchain domains are used to simplify crypto payments and to build censorship-resistant websites. Contrary to traditional domain provider, the custody of .crypto is not controlled by any centralized entity.

According to Unstoppable Domains co-founder Brad Kam:

The integration shows that wallets are becoming much more than just places to store crypto - they are becoming portals to access blockchain products and services.

Its concept is quite similar to Ethereum Name Service (ENS), which is distributing .eth domains. The domains with the new .crypto extension can be tied to the wallets, which allow people to send funds to easy-to-read wallet addresses.

Blockchain-based domains are currently unavailable on regular internet browsers, as they do not support the same domain name infrastructure. Domains like .crypto might be only explored by using specific browsers. To change the situation, Unstoppable Domains signed a partnership with Opera Browser last month, which allows blockchain-based domains to become visible on mainstream browsers.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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