Fintech experts are declaring Cryptocurrency Domains the next big thing in Blockchain technology for 2021.
Yet, most people may have never even heard of Cryptocurrency Domains or understand exactly what use or purpose these decentralized domains will fulfill online or in the future.
During the pandemic Bitcoin was below $4,000 in March of 2020, then set a record high in December for the same year trading at $23,000!
Many crypto devotees believe Bitcoin will reach a high of $50,000 or more in 2021. Which is extremely realistic and imminent to occur in the future.
Bitcoin made it possible for others to raise the bar just to keep up. Square, Inc. (NYSE: SQ) purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million. Beginning in early 2021, PayPal customers will be able to use their cryptocurrency holdings as a funding source to pay at PayPal’s 26 million merchants around the globe.
As Bitcoin gains more mainstream acceptance, so will the demand for the entire decentralized ecosystem start to expand and grow.
This is where Cryptocurrency Domains known also as Blockchain Domains come into play.
How exactly do Cryptocurrency Domains work?
Cryptocurrency Domains are essentially Blockchain Domains that can accept secure cryptographic payments for various top cryptocurrencies like Bitcoin.
Based on Blockchain technology, these decentralized domains offer a secure solution for global payment processing to accept cryptographic payments.
A new problem-solving solution because when the Internet was first invented, this option wasn’t available. After all, payment processing was never a core essential in design development at that time.
Cryptocurrency Domains Key Players:
Ethereum Name Service – The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain.
ENS’s job is to map human-readable names like “Alice.eth” to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports “reverse resolution”, making it possible to associate metadata such as canonical names or interface descriptions with Ethereum addresses.
Unstoppable Domains – Unstoppable Domains is a company building decentralized domains on blockchains. The company is backed by Draper Associates and Boost VC and has received grants from the Ethereum Foundation and the Zilliqa Foundation.
Unstoppable Domains use decentralized platforms Ethereum and Zilliqa Blockchain as a neutral 3rd party. Dot Crypto is an ERC 721 on the Ethereum blockchain. These Blockchain domains are stored by their owners in their wallet like a cryptocurrency, no third party can take them away. Pay once and you own the domain for life, with no renewal fees.
Predicted To Be Most Valuable Cryptocurrency Domain Extensions In 2021:
Dot CRYPTO extension .Crypto
Leading the demand in Cryptocurrency Domains is the Dot Crypto extension running on Ethereum. Anything with Crypto as the keyword will be on fire for 2021. The well known digital asset buyer Maxstealth purchased rich keyword “Sex.Crypto” for 230 ETH, which was approximately $90,000 on the day the transaction took place.
Dot ZIL extension .Zil
Zilliqa “Dot Zil” is a third-generation blockchain smart contract platform that will be the breakout star among Cryptocurrency Domains for 2021. Popular for Blockchain Websites and developing decentralized applications for implementation of sharding which makes Zilliqa very scalable.
Dot ETH extension .Eth
ENS “Dot Eth” is the pioneer of Cryptocurrency Domains and extremely valuable digital assets. ENS is a decentralized, readable domain name system (DNS) Ethereum dApp. Sales of Cryptocurrency Domains bearing Dot Eth extensions are expected to hit record highs and into the millions.
The Future For 2021
Decentralized search is coming, it’s a game-changer for online and will be the biggest transformation since the history of the Internet origin and the first workable prototype of the Internet came in the late 1960s.
Without question, Digital Currency is the ultimate prize possession in this race to the top.
The Dot Crypto extension “Cryptocurrency Domain” DigitalCurrency.Crypto is a premium value digital asset listed for sale on OpenSea’s marketplace.
This Cryptocurrency Domain ranks on the Top 50 list of most-viewed domain names for the secondary market on OpenSea among thousands of options.
In 2021, digital assets are on track to explode. Get in early now, learn how-to purchase Dot Crypto Blockchain Domains to flip Blockchain Websites!