Bitcoin

Cryptocurrency price oracles will soon be “unstoppable”.

A chainlink (link) node provider starts an “unstoppable” domain with localized price feeds for cryptocurrencies.

Vulcan Link places price feeds for Chainlink cryptocurrencies in a “.crypto” domain. Domains are sold by unstoppable domains and are on the Ethereum blockchain, which should make them resistant to censorship.

Although chainlink prices are decentralized, companies like Vulcan Link have to rely on centralized domain registrars like GoDaddy and centralized hosting services like Google or Amazon Web Services for their own websites. In theory, your website could be deactivated at any time.

Cryptocurrency price oracles will soon be “unstoppable”.
Cryptocurrency price oracles will soon be “unstoppable”.

Unlike a “.com” domain, users can buy a “.crypto” domain directly. While the Ethereum blockchain is running, the domain should be up and running. Although “.crypto” domains are not yet compatible with all common browsers, Opera Browser announced their compatibility at the end of March.

DApps remain vulnerable

In a Cointelegraph interview, Brad Kam, co-founder of Unstoppable Domains, said it was ironic that decentralized apps (DApps) still had a single point of failure:

“And this is basically a problem that DApps generally have when the value proposition for them is that they are resistant to censorship. But then they have this problem if they have a domain name that can be removed or a website that can be disabled. And it is difficult for other people to build an infrastructure on it if they have this very simple point of failure that can occur at any time. “

However, Kam admits that the upcoming migration to Ethereum 2.0 could pose a challenge for DApps.

Recently Chainlink’s oracles were natively integrated into the Tezos ecosystem (XTX), making the local DeFi ecosystem more robust. This is another step to make the crypto space self-sufficient and invulnerable.

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