Decentralized domain name service Unstoppable Domains finalizes plans to expand to Layer-2 Base developed by Coinbase.
Unstoppable Domains Expands to Layer-2 Base. Photo: Tenten
Unstoppable Domains , a blockchain platform that helps create memorable domain names for crypto wallets using Non-Fungible Token, has just announced its expansion to Layer-2. Coinbase Base . This is a new step for Unstoppable Domains beyond existing infrastructure on popular Layer-2s like Polygon and the Ethereum mainnet.
Unstoppable is thrilled to announce our expanded support for @base , the Ethereum Layer 2 blockchain! And yes we still support Polygon and Ethereum! 🧵 pic.twitter.com/kHkXfmIsLx
— unstoppable.crypto (@unstoppableweb) September 3, 2024
The move also sees Unstoppable Domains backing Optimistic Rollups – a solution that increases Ethereum’s transaction processing efficiency and reduces Gas Price for users by moving transactions Off-Chain .
Base is built on Optimistic Rollups technology, while Polygon uses Zero-Knowledge Proofs (ZK-Rollups), which is also a method of taking transactions off Ethereum but with a different verification method.
According to Unstoppable Domains, Base is a fully EVM-compatible blockchain, enabling developers to easily port existing Ethereum applications, expanding potential in the areas of DeFi, Non-Fungible Token, social networks, and gaming.
Launched last year, Base has quickly grown to become Ethereum’s second-largest Layer-2 by Total Value Locked. It currently commands around 17% of the market share, surpassing Polygon and trailing only Arbitrum, with around $500 million in daily transactions.
Top 9 Layer-2 with the largest TVL currently. Source: CoinGecko
Similar to the World Wide Web's Domain Name Service (DNS), Unstoppable Domains allows users to register cryptocurrency-specific domain names with suffixes like .crypto, .coin , and .blockchain. However, unlike traditional DNS, Unstoppable domains are hosted on public blockchain networks instead of private servers. These domains can also be used to create websites that are uploaded to the decentralized IPFS (IPFS) .
Unstoppable Domains raised a $65 million Series A round in 2022 at a $1 billion valuation. Earlier this year, the company was accused by rival Ethereum Name Service (ENS) of filing false patent applications for open-source software it had previously developed.
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