Unstoppable domain names …Blockchain Domain: Http://Easydeals.Bit, San francisco-based company that is providing domain extensions that are connected to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is connected to the ethereum blockchain or you can get a zillow domain name extension which is tied to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain name extensions is simply that they are decentralized so the dns system is managed and operated by icann so anything constantly needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just completely decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or consent you as the owner own your domain so in this video i want to explain to you whatever that you require to know as a newbie about unstoppable domain make sure to examine the links in the description for time stamps and any resources discussed in this video so let’s start how does domain registration actually work i believe
people are going to be quite shocked that it’s way more technical and complicated than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain what you’re doing is you’re releasing the domain name through a icann accredited domain register why do i say i can license since you can’t get your domain directly from i can which is again the not-for-profit organization that handles the dns system you have to go through an icann certified domain register in order to get a domain name which’s just 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 guidelines which’s what people have been doing for the last couple of years in order to get a domain so that’s why you require to pay a yearly charge on your domain names because you’re not really buying an owning domain name what you’re doing is renting 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 pc registry that manages that domain name extension which is then absolutely managed and arranged by icann broadly speaking so like when you get it.com.net.org the registry for that extension
Is unstoppable domains on Ethereum? Blockchain Domain: Http://Easydeals.Bit
is a verisign for instance so all these various domain extensions have different registries and the function of the windows registry is just to manage the administrative information for that particular domain name nft domain names versus the standard dns system what’s the difference well the standard dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain computer registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it however like what does that particularly imply a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents an unique digital item in this instance our domain dot crypto versus dot zill what’s the difference with these 2 so if you jump over to unstoppabledomainnames.com link in the description you’re going to learn that you can’t geta.com.net.org why well you can’t you must already kind of understand why since those are managed by verisign which is a domain windows registry which is managed by icann that belongs to the dns system that’s why you can’t get those types of domain through unstoppable domain names you can only get blockchain based domain names today they only have a dot crypto in dot zo at the time of recording this video the primary difference is that these two are connected to different block chains that’s it so you have Blockchain Domain: Http://Easydeals.Bit
your dot crypto which is tied to the ethereum blockchain you have your dot zill which is tied to the silica block durian blockchain is way more industrialized and you have a bit more services and features constructed around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill however functionally speaking they are the same individualized crypto addresses that can be established as a payment gateway so this is the primary feature of unstoppable domain names certainly over time as like we have decentralized web host develop over time it will be possible to use like a decentralized domain name and a decentralized webhosting to create your own decentralized site currently it’s not truly possible i suggest you can do it but it’s quite technical uh.
One-time purchase of domain.
Streamlines way in which people engage with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than conventional domains.
Supports 276 crypto properties.
Need to invest ETH to claim domain.
Still some question regarding whether Unstoppable Domains will achieve extensive adoption.
Some domains are still pre-sale just.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a need for it to be much easier for users to engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered into place, so users did not need to find out IP addresses in order to get to sites, except for crypto addresses.
In this way they have prospered considerably, as they have developed a domain system that allows users to set up payments for 276 digital possessions under a single domain name, while likewise having the ability to be utilized as a totally operating site that can even have dApps developed onto them since 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 incredibly safe since as soon as claimed the domains exist under your address on blockchain, suggesting they are as secure as the blockchain itself.
It is doubly safe due to the fact that this also indicates that the domain can not be obstructed by anybody besides you, so your site is never ever at risk of being down due to censorship. The site for buying the domains is safe as well and can be secured with two-factor authentication.
Just How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a 2 primary factors, though it ought to be noted that acquiring a domain is a one-time cost and needs no yearly renewals of any sort.
The very first element is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you pick, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.
The next factor is the gas charges associated with utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are saved on the Ethereum blockchain, the deal to claim them is available in ETH and is not included in your initial purchase. The gas charges you will pay will depend on the current expense of ETH and the network congestion at the time of the deal. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the Best Functions of Unstoppable Domains?
There are a few functions of Unstoppable Domains that stand apart. The fact that it is a one-time purchase with no annual renewal is incredibly appealing thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anybody besides the owner.
The domains likewise have more performance than standard domains due to the fact that they can be used to a payment router, however likewise used to develop websites with dApps built straight on them because they exist on the blockchain, allowing the use of wise contracts on your website. Blockchain Domain: Http://Easydeals.Bit
Perhaps the very best and most appealing function of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 various crypto properties, indicating once you set it up you will only ever require to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is simpler not just for you, but for anyone who you want to receive funds from.
There is only one real potential dealbreaker when it concerns utilizing Unstoppable Domains, which is the expense of declaring your domain with Ethereum.
This may just be a dealbreaker because you do not have any Ethereum at your address and need to buy some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas fees. However, this is a one-time transaction charge, and unless you choose to sell/transfer your domain to someone else it will be the extra cost connected with getting your domain.