Unstoppable domain names …Not Getting Namecoin On Slushpool, San francisco-based company that is offering 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 connected to the silica blockchain which is an alternative to ethereum the benefit 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 needs approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are just totally 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 so in this video i wish to explain to you everything that you require to referred to as a beginner about unstoppable domain make sure to inspect the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain name registration really work i think
individuals are going to be rather stunned that it’s method more technical and complex than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re launching the domain name through a icann accredited domain register why do i say i can accredit due to the fact that you can’t get your domain directly from i can which is once again the not-for-profit company that manages the dns system you have to go through an icann licensed domain name register in order to get a domain which’s simply how it works like you resemble why do i need to do that i don’t understand why asking me those are just the rules which’s what individuals 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 since you’re not in fact purchasing an owning domain name what you’re doing is leasing their domain 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 handles that domain name extension which is then totally handled and organized by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension
Is unstoppable domains on Ethereum? Not Getting Namecoin On Slushpool
is a verisign for instance so all these different domain extensions have different computer registries and the role of the windows registry is simply to handle the administrative data for that specific domain nft domain names versus the conventional dns system what’s the difference well the conventional dns system is a central system as i alluded to earlier based around icann so you have 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 alter it however like what does that particularly mean a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a special digital product in this circumstances our domain dot crypto versus dot zill what’s the difference with these two so if you leap over to unstoppabledomainnames.com link in the description you’re going to find out that you can’t geta.com.net.org why well you can’t you must already sort of understand why since those are handled by verisign which is a domain pc registry which is managed by icann that becomes part of 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 right now they only have a dot crypto in dot zo at the time of tape-recording this video the main distinction is that these 2 are tied to different block chains that’s it so you have Not Getting Namecoin On Slushpool
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 industrialized and you have a bit more functions and services constructed 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 tailored crypto addresses that can be set up as a payment entrance so this is the primary feature of unstoppable domain certainly gradually as like we have actually decentralized webhosting develop in time it will be possible to utilize like a decentralized domain and a decentralized web host to produce your own decentralized website currently it’s not truly possible i suggest you can do it but it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which people connect with crypto addresses.
Censor resistant domain kept in your wallet.
More functionality than traditional domains.
Supports 276 crypto possessions.
Have to spend ETH to claim domain.
Still some question regarding whether Unstoppable Domains will accomplish extensive 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 simpler for users to connect with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to learn IP addresses in order to get to websites, except for crypto addresses.
In this manner they have succeeded significantly, as they have developed a domain system that enables users to establish payments for 276 digital properties under a single domain name, while likewise having the ability to be used as a totally working website that can even have actually dApps developed onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe because when claimed the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.
It is doubly safe due to the fact that this also implies that the domain can not be obstructed by anyone other than you, so your website is never 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.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a 2 primary elements, though it needs to be noted that purchasing a domain is a one-time cost and requires no annual renewals of any sort.
The 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 expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.
The next factor is the gas fees connected with utilizing the Ethereum blockchain to claim your domain, because the domains are kept on the Ethereum blockchain, the transaction to declare them is available in ETH and is not consisted of in your initial 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. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the Best Features of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stick out. The reality that it is a one-time purchase without any annual renewal is very appealing considering the way standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anybody besides the owner.
The domains likewise have more functionality than standard domains because they can be used to a payment router, however likewise utilized to develop websites with dApps constructed directly on them because they exist on the blockchain, allowing the use of smart contracts on your site. Not Getting Namecoin On Slushpool
Maybe the best and most appealing feature of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 different crypto possessions, meaning once you set it up you will only ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not only for you, but for anyone who you wish to receive funds from.
There is only one genuine possible dealbreaker when it pertains to utilizing Unstoppable Domains, which is the cost of claiming your domain with Ethereum.
This might just be a dealbreaker since 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 costs. However, this is a one-time deal cost, and unless you choose to sell/transfer your domain to someone else it will be the extra charge related to getting your domain.