Unstoppable domain …Crypto Zoo Logan Paul, San francisco-based business that is supplying domain extensions that are tied to the blockchain instead of being tied 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 name extension which is connected to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain extensions is simply that they are decentralized so the dns system is managed and operated by icann so anything always needs approval from that governing body but 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 nothing that needs any kind of approval or consent you as the owner own your domain so in this video i wish to describe to you whatever that you need to called a beginner about unstoppable domain make sure to inspect the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain name registration really work i think
individuals are going to be quite stunned that it’s way more complex and technical than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not actually buying the domain what you’re doing is you’re launching the domain name through a icann certified domain name register why do i state i can license because you can’t get your domain directly from i can which is once again the nonprofit company that handles the dns system you need to go through an icann certified domain register in order to get a domain name which’s just how it works like you resemble why do i need to do that i don’t know why asking me those are just the rules which’s what people have actually been providing for the last few decades in order to get a domain name so that’s why you need to pay a yearly fee on your domain since you’re not in fact buying 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 windows registry that manages that domain name extension which is then totally managed and organized by icann broadly speaking so like when you get it.com.net.org the registry for that extension
Is unstoppable domains on Ethereum? Crypto Zoo Logan Paul
is a verisign for example so all these various domain extensions have various computer system registries and the role of the windows registry is simply to manage the administrative data for that particular domain name nft domain names versus the standard dns system what’s the distinction well the standard dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain computer 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 however like what does that specifically suggest a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents an unique digital product in this circumstances our domain dot crypto versus dot zill what’s the distinction with these two 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 need to currently type of know why because those are handled by verisign which is a domain name windows registry which is handled by icann that belongs to the dns system that’s why you can’t get those kinds of domain names through unstoppable domain names you can only get blockchain based domain names right now they only have a dot crypto in dot zo at the time of tape-recording this video the primary difference is that these two are tied to various block chains that’s it so you have Crypto Zoo Logan Paul
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 little bit more functions and services developed 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 function of unstoppable domain certainly with time as like we have actually decentralized web host establish in time it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized site currently it’s not actually possible i suggest you can do it but it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which individuals connect with crypto addresses.
Censor resistant domain kept in your wallet.
More functionality than standard domains.
Supports 276 crypto possessions.
Have to spend ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will achieve prevalent 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 need for it to be easier for users to engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered location, 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 actually succeeded greatly, as they have actually produced a domain system that enables users to set up payments for 276 digital assets under a single domain, while likewise being able to be used as a totally functioning website that can even have dApps developed onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment costs, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe because once declared the domains exist under your address on blockchain, indicating they are as secure as the blockchain itself.
It is doubly safe since this also indicates that the domain can not be blocked by anyone besides you, so your site is never ever at risk of being down due to censorship. The website for purchasing the domains is safe as well and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends on a two main aspects, though it ought to be noted that purchasing a domain is a one-time cost and requires no annual 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 select, as cost is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.
The next aspect is the gas costs associated with using the Ethereum blockchain to declare your domain, due to the fact that the domains are stored on the Ethereum blockchain, the transaction to claim them comes in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend on the existing expense of ETH and the network blockage at the time of the transaction. In general you can get most 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 truth that it is a one-time purchase with no annual renewal is exceptionally attractive considering the method standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anybody aside from the owner.
The domains likewise have more performance than standard domains because they can be utilized to a payment router, however likewise used to develop sites with dApps built directly on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your site. Crypto Zoo Logan Paul
Possibly the best and most appealing feature of Unstoppable Domains is that is supplies you a way to have one address for you to receive 276 different crypto possessions, suggesting once you set it up you will only ever need to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not only for you, but for anyone who you want to get funds from.
There is only one real potential dealbreaker when it comes to utilizing Unstoppable Domains, and that is the expense of claiming your domain with Ethereum.
This may just be a dealbreaker due to the fact that 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. Nevertheless, this is a one-time deal fee, and unless you choose to sell/transfer your domain to someone else it will be the additional cost connected with getting your domain.