Crypto Kyc – All you need

Unstoppable domain names …Crypto Kyc, 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 tied to the ethereum blockchain or you can get a zillow domain extension which is connected 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 run by icann so anything constantly needs approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply completely decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or authorization you as the owner own your domain name so in this video i want to explain to you everything that you need to know as a newbie about unstoppable domain ensure to examine the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain registration actually work i believe

people are going to be quite surprised that it’s way more technical and complicated than you envisioned so when you go to someplace like namecheap.com or godaddy.com you’re not really 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 directly from i can which is again the not-for-profit organization that manages the dns system you have to go through an icann accredited domain name register in order to get a domain which’s simply how it works like you’re like why do i need to do that i do not understand why asking me those are just the rules which’s what people have been providing for the last few decades in order to get a domain name so that’s why you require to pay a yearly charge on your domain because you’re not actually purchasing an owning domain 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 computer system registry that manages that domain extension which is then absolutely handled and arranged by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension

Is unstoppable domains on Ethereum? Crypto Kyc

is a verisign for instance so all these various domain name extensions have different pc registries and the function of the windows registry is simply to handle the administrative data for that specific domain nft domain names versus the traditional dns system what’s the difference well the traditional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain pc registries then you have your icann licensed domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it but like what does that specifically mean a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents a special digital item in this circumstances our domain names dot crypto versus dot zill what’s the difference with these two so if you jump 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 must already kind of know why because those are managed by verisign which is a domain name computer registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can only get blockchain based domain names right now they just have a dot crypto in dot zo at the time of recording this video the main difference is that these two are tied to different block chains that’s it so you have Crypto Kyc

 

your dot crypto which is tied 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 features developed around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill however functionally speaking they are the same personalized crypto addresses that can be set up as a payment gateway so this is the primary function of unstoppable domain obviously over time as like we have actually decentralized webhosting establish gradually it will be possible to use like a decentralized domain name and a decentralized web host to produce your own decentralized website currently it’s not truly possible i indicate you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people engage with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than standard domains.

Supports 276 crypto possessions.

Cons.

Have to spend ETH to claim domain.

Still some question as to whether Unstoppable Domains will achieve widespread adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a requirement 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 place, so users did not have to find out IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually succeeded considerably, as they have created a domain system that allows users to set up payments for 276 digital properties under a single domain name, while also having the ability to be used as a totally operating website that can even have dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe due to the fact that once claimed the domains exist under your address on blockchain, indicating they are as secure as the blockchain itself.

It is twice as safe due to the fact that this likewise implies that the domain can not be obstructed by anyone other than you, so your website is never ever at risk of being down due to censorship. The website for buying the domains is safe also and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a 2 primary elements, though it ought to be noted that buying a domain is a one-time expense and requires no yearly renewals of any sort.

The 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 choose, as expense is based on 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 premium domains that cost tens of thousands.

The next factor is the gas fees related to using the Ethereum blockchain to declare your domain, due to the fact that the domains are kept on the Ethereum blockchain, the transaction to declare them comes in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend on the current cost of ETH and the network congestion at the time of the deal. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the 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 with no annual renewal is incredibly attractive thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone besides the owner.

The domains likewise have more performance than traditional domains because they can be used to a payment router, but also utilized to create websites with dApps built straight on them because they exist on the blockchain, allowing the use of wise agreements on your site. Crypto Kyc

Perhaps the best and most appealing function of Unstoppable Domains is that is supplies you a way to have one address for you to receive 276 various crypto properties, suggesting as soon as you set it up you will just ever require to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not just for you, but for anybody who you wish to get funds from.

 

Possible Dealbreakers.

There is only one real possible dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.

This may just be a dealbreaker because you do not have any Ethereum at your address and require to purchase some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas fees. Nevertheless, this is a one-time transaction fee, and unless you decide to sell/transfer your domain to someone else it will be the additional fee related to getting your domain.