Unstoppable domain …√Ê¬º√Ê¬∞√Ê¬π√Ê¬Ω√Ê¬∏√Ê¬Ω√Ê¬≥ Namecoin, San francisco-based company that is supplying domain name extensions that are tied to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is tied to the ethereum blockchain or you can get a zillow domain extension which is tied to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain extensions is just that they are decentralized so the dns system is controlled and operated by icann so anything constantly requires approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just entirely decentralized so there’s no governing body there’s nothing that needs any kind of approval or approval you as the owner own your domain name so in this video i wish to discuss to you everything that you require to know as a newbie about unstoppable domain ensure to inspect the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration actually work i think
individuals are going to be quite surprised that it’s method more technical and complicated than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not in fact buying the domain name what you’re doing is you’re launching the domain name through a icann certified domain register why do i state i can certify since you can’t get your domain names directly from i can which is once again the nonprofit company that handles the dns system you have to go through an icann accredited domain register in order to get a domain and that’s simply how it works like you’re like why do i need to do that i don’t know why asking me those are just the rules which’s what individuals have actually been providing for the last couple of years in order to get a domain so that’s why you need to pay a yearly fee on your domain names since you’re not really purchasing an owning domain what you’re doing is leasing their domain name so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the windows registry that handles that domain extension which is then absolutely handled and organized by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension
Is unstoppable domains on Ethereum? √Ê¬º√Ê¬∞√Ê¬π√Ê¬Ω√Ê¬∏√Ê¬Ω√Ê¬≥ Namecoin
is a verisign for instance so all these different domain extensions have various registries and the role of the windows registry is simply to handle the administrative information for that particular domain nft domain versus the traditional dns system what’s the difference well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain computer system registries then you have your icann certified domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it however like what does that particularly mean a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a special digital product in this circumstances our domain names dot crypto versus dot zill what’s the difference with these 2 so if you leap over to unstoppabledomainnames.com link in the description you’re going to discover that you can’t geta.com.net.org why well you can’t you need to currently type of know why because those are managed by verisign which is a domain name pc registry which is managed by icann that’s part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain names you can just get blockchain based domain today they just have a dot crypto in dot zo at the time of taping this video the primary difference is that these 2 are connected to various block chains that’s it so you have √Ê¬º√Ê¬∞√Ê¬π√Ê¬Ω√Ê¬∏√Ê¬Ω√Ê¬≥ Namecoin
your dot crypto which is connected to the ethereum blockchain you have your dot zill which is connected to the silica block durian blockchain is way more developed and you have a bit more services and functions developed around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill but functionally speaking they are the same personalized crypto addresses that can be established as a payment entrance so this is the main function of unstoppable domain names obviously in time as like we have actually decentralized webhosting develop over time it will be possible to utilize like a decentralized domain name and a decentralized web host to develop your own decentralized site currently it’s not actually possible i suggest you can do it however it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which individuals engage with crypto addresses.
Censor resistant domain stored in your wallet.
More functionality than conventional domains.
Supports 276 crypto assets.
Have to spend ETH to claim domain.
Still some question as to whether Unstoppable Domains will attain extensive adoption.
Some domains are still pre-sale only.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be easier for users to interact with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into location, so users did not have to find out IP addresses in order to get to sites, except for crypto addresses.
In this manner they have been successful greatly, as they have developed a domain system that allows users to set up payments for 276 digital properties under a single domain name, while also being able to be used as a totally operating website that can even have actually dApps built onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe due to the fact that as soon as declared the domains exist under your address on blockchain, meaning they are as secure as the blockchain itself.
It is two times as safe since this also means that the domain can not be blocked by anyone aside from you, so your site is never at risk of being down due to censorship. The website for purchasing the domains is safe too and can be secured with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends on a two main elements, though it needs to be kept in mind that buying a domain is a one-time expense and needs no annual renewals of any sort.
The very first factor is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you select, as expense is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing additional. In addition, there are exceptional domains that cost 10s of thousands.
The next factor is the gas fees associated with utilizing the Ethereum blockchain to claim your domain, because the domains are stored on the Ethereum blockchain, the transaction to declare them comes in ETH and is not included in your initial purchase. The gas costs you will pay will depend on the present expense of ETH and the network blockage at the time of the deal. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the very best Features of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stand out. The truth that it is a one-time purchase without any yearly renewal is extremely appealing considering the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anyone other than the owner.
The domains also have more performance than conventional domains because they can be used to a payment router, but also used to create websites with dApps built directly on them since they exist on the blockchain, allowing the use of clever contracts on your site. √Ê¬º√Ê¬∞√Ê¬π√Ê¬Ω√Ê¬∏√Ê¬Ω√Ê¬≥ Namecoin
Perhaps the best and most attractive function of Unstoppable Domains is that is supplies you a method to have one address for you to get 276 different crypto possessions, suggesting once you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not only for you, but for anyone who you want to receive funds from.
There is only one genuine potential dealbreaker when it concerns using Unstoppable Domains, which is the cost of declaring your domain with Ethereum.
This may only be a dealbreaker due to the fact that you do not have any Ethereum at your address and need to acquire some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas fees. However, this is a one-time deal charge, and unless you decide to sell/transfer your domain to someone else it will be the extra charge connected with getting your domain.