Unstoppable Domains and Ethereum Name Service (ENS) domains are two of the top protocols for creating non-fungible token (NFT) domain names. Both are set to revolutionize the domain market. And each has widespread adoption and offers comparable features, but from different angles.
ENS is gaining popularity as Ethereum-based NFTs continue to soar. So, blockchain technology is revolutionizing the domain industry and bringing several new benefits. In this article, you will learn more about these leading web3 domain name providers.
What is an NFT Domain Name?
A domain NFT is a new domain that is represented as an NFT. Domain NFTs, often referred to as decentralized domains, crypto domains, or blockchain domains, offer users special benefits not found with Web 2.0 domains.
What is @decentra_web & how does it compete with $ENS @ensdomains & @unstoppableweb? A thread on the new competitor! Check it out below 🧵 pic.twitter.com/v2F5iw2jVJ
— bobby @ seoul (@bybobbay) November 12, 2021
Domains are typically a one-time investment. Users can buy a domain once and retain ownership for life rather than relying on a conventional payment schedule. Since the user is the sole owner of the domain, it cannot be restricted or used for other purposes by businesses that own the domain.
ENS just hit a big milestone: passing **200** integrations! 🚀
We are grateful to the ecosystem for the support! We are closer to day of users no longer dealing with long crypto addresses. 🍾🎉
Blog post for details, thread for highlights 👇https://t.co/977qHXIsXl
— ens.eth (@ensdomains) April 13, 2021
Here’s a comparison between the ENS domain and the Unstoppable domain.
1) What are Unstoppable Domains?
Unstoppable Domains are custom NFT domains that provide more features than a specific web address. Unstoppable Domains allow owners to build a single identity across several platforms, transfer cryptocurrency, and create a universal username across the decentralized web.
Unlike traditional domain names, users only pay a one-time fee to secure an Unstoppable Domain. Unstoppable domains are built on the blockchain, making them secure. Additionally, owners do not have to worry about censorship since they have full control over the domain names.
Domains take the form of .crypto for those built on the Ethereum blockchain. Then, those on the Zilliqa blockchain appear as.zil. So, unlike the traditional ABC.com, you’d have ABC.zil.
Furthermore, with the Unstoppable domain, you can link over 280 separate cryptocurrency wallet addresses to a single domain name, which is fantastic. This way, you can direct all your currencies, like ETH, Bitcoin, SOL, and BNB, to your Unstoppable domain.
2) What is Ethereum Name Service?
The Ethereum Name Service, often known as ENS domains, play similar roles as their counterpart, the Unstoppable Domains, in creating human-readable domain names for crypto wallets. ENS converts domain names into Ethereum addresses like that of the Domain Name System (DNS), which converts web domain names into IP addresses.
Additionally, ENS offers the same ability to build censorship-resistant decentralized websites. Finally, the ENS domain allows users to register their existing DNS names as ENS addresses.
@ensdomains @ETHGlobal ETHOnline Developer Guide for ENS is live now!
Check it out at https://t.co/gT5djed7J2
— lucemans.eth (@LucemansNL) September 6, 2022
Also, the ENS domain is run by a Decentralized Autonomous Organization (DAO), meaning there is no one point of authority. Instead, the DAO’s operation is supported by an ENS token, whose holders can make suggestions and vote for potential advancements. However, the ENS community primarily uses it to propose future changes to the organization. For instance, ENS token owners can vote on the ENS Constitution, which lays out the laws and regulations to be followed when running the DAO.
Furthermore, the ENS blockchain domain names have a .eth extension since they are registered on the Ethereum blockchain. There are over 327,000 owners, more than 760,000 names registered, and 501 integrations, making ENS the most commonly used blockchain naming standard.
Difference Between ENS and Unstoppable Domains
Both naming standards have their peculiarities. However, they differ in several areas, including pricing.
- ENS: ENS domains will cost you at least $5, not including the gas fee. You can, however, experiment with several strategies to lower your Ethereum gas fees. Also, ENS has more security properties since it uses smart contracts. This means that users do not have to provide personal details, which keeps them anonymous. Additionally, ENS purchases require an external crypto wallet such as MetaMask, whereas Unstoppable Domain Name offers easy access.
Also, the ENS domains require annual registration and renewal fees.
- Unstoppable Domains: You can buy one from $5 to $150. Longer domain names are less expensive than shorter ones. Also, Unstoppable Domain Name offers you perpetual ownership.
Both projects include several cutting-edge advanced functionalities not offered in the conventional domain market. However, only time will establish which will emerge as the better choice for Web 3.0 customers because the market is evolving at an unusual pace.
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