- Unocoin, India’s oldest and largest crypto exchange just added Unstoppable Domains.
- Unstoppable Domains turns blockchains into readable URLs.
- The partnership will enable Unocoin to offer its users simpler decentralized services.
Unocoin, India’s oldest crypto exchange just added decentralized Unstoppable Domains to its system.
The exchange which was started in 2013 has long been a pioneer in the Indian crypto space. Unocoin is even one of the leaders in opposing the pending crypto ban in India.
As such, it is only natural that Unocoin would also take the lead by creating a simpler system for its clients. One way Unocoin has done this is by adding Unstoppable Domains to create and host decentralized blockchain URLs.
Unstoppable Domains turns blockchain addresses into easy-to-read web URLs thus simplifying crypto transactions. The URLs require a once-off payment and exist forever. Even if Unocoin were to close down the URLs would remain unaffected, noted Brad Kam, Unstoppable Domain’s co-founder.
In fact, with this move, Unocoin has added a layer of security for its 1,2 million users. In light of the crypto regulatory uncertainty in India, many crypto users are anxious. However, the decentralized nature of Unstoppable Domains ensures the longevity of user addresses.
All a user needs is the domain address to send or receive transfers. The user owns the domain which they can keep in their wallet.
In addition, Unocoin CEO Sathvik Vishwanath called the deal a sign of the growth of the Indian crypto space. Vishwanath also reiterated Unocoin’s desire to lead the way in finding simpler and more user-friendly exchange options in the country.
