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Unstoppable Domains No Longer Supporting .coin Domains

On October 18, the famous NFT domain name provider platform Unstoppable Domains suddenly announced that it would stop selling .coin domain names because of the potential overlap with the domain name of another blockchain platform, Emercoin.

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According to the official announcement from Unstoppable Domains, the project recognized a potential conflict over the .coin domain issued by Emercoin,
a blockchain platform developed in 2013 provides decentralized software development kits (dSDKs) for building distributed trusted services.

Specifically, although Emercoin started buying the first .coin domains in 2014, they did not promote their top-level domains (TLDs) widely later on. , Emercoin integrated with the Alternate DNS Root service that the Unstoppable Domains team, which started operations in 2021, failed to recognize the coincidence.

It should be further explained that in addition to the root domain name system commonly used by many websites, Internet Corporation for Assigned Names and Numbers (ICANN).

Many organizations use other root domain name systems such as Namecoin (support .bit domain) or Handshake (supports domains managed by ICANN such as .com, .org, .net on blockchain platform) and because of this also partly explains why Unstoppable Domains does not recognize found a duplicate with this .coin domain.

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The problem of domain duplication can become extremely harmful, not only for Unstoppable users in particular but for the entire Web3 user community in general.

The fact that a top-level domain exists in many different versions can cause users to transfer money to the wrong address or connect the wrong wallet to fake websites. Therefore, Unstoppable Domains has decided to stop supporting the .coin domain name and offer a compensation three times higher than the amount customers who have purchased it on their platform have to pay.

Currently, the crypto community is still mocking this move of Unstoppable Domains because it goes against the philosophy of ownership that this project has always committed to bringing to its customers.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.