Unstoppable domain names …Polinex Namecoin, San francisco-based company that is providing domain name extensions that are tied to the blockchain instead of being tied to the dns system particularly 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 advantage of using these blockchain based domain name extensions is just that they are decentralized so the dns system is controlled and operated by icann so anything always requires 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 type of approval or permission you as the owner own your domain name so in this video i wish to discuss to you everything that you require to referred to as a novice 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 really work i think
individuals are going to be quite surprised that it’s method more complex and technical than you imagined 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 releasing the domain name through a icann licensed domain name register why do i state i can license since you can’t get your domain directly from i can which is once again the not-for-profit organization that manages the dns system you have to go through an icann licensed domain register in order to get a domain 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 simply 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 an annual fee on your domain names because you’re not actually buying 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 pc registry that manages that domain name extension which is then completely managed and arranged by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension
Is unstoppable domains on Ethereum? Polinex Namecoin
is a verisign for example so all these different domain extensions have various pc registries and the role of the windows registry is just to handle the administrative data for that particular domain nft domain versus the standard dns system what’s the difference well the standard dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain windows 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 change it but like what does that specifically suggest 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 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 discover that you can’t geta.com.net.org why well you can’t you should currently sort of know why because those are handled by verisign which is a domain name registry which is handled by icann that’s part of the dns system that’s why you can’t get those types of domain names through unstoppable domain you can just 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 distinction is that these two are connected to different block chains that’s it so you have Polinex Namecoin
your dot crypto which is connected to the ethereum blockchain you have your dot zill which is tied 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 however functionally speaking they are the same customized crypto addresses that can be set up as a payment entrance so this is the primary feature of unstoppable domain names undoubtedly in time as like we have decentralized web host establish with time it will be possible to use like a decentralized domain name and a decentralized webhosting to develop your own decentralized website currently it’s not truly possible i suggest you can do it but it’s quite technical uh.
One-time purchase of domain.
Simplifies way in which individuals communicate with crypto addresses.
Censor resistant domain kept in your wallet.
More functionality than conventional domains.
Supports 276 crypto properties.
Need to invest ETH to claim domain.
Still some concern 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 existing CEO, who saw a need for it to be simpler for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered location, so users did not have to learn IP addresses in order to get to websites, except for crypto addresses.
In this way they have actually succeeded greatly, as they have developed a domain system that permits users to set up payments for 276 digital assets under a single domain name, while likewise being able to be used as a totally functioning website that can even have dApps built onto them because 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 because when claimed the domains exist under your address on blockchain, indicating they are as protected as the blockchain itself.
It is twice as safe due to the fact that this also implies 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 purchasing the domains is safe also and can be secured with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a two main elements, though it needs to be kept in mind that purchasing a domain is a one-time cost and requires no annual 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 upon the domain you choose, as cost is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.
The next factor is the gas costs associated with using the Ethereum blockchain to declare your domain, since the domains are kept on the Ethereum blockchain, the deal to declare them is available in ETH and is not consisted of in your initial purchase. The gas costs you will pay will depend on the current expense of ETH and the network congestion at the time of the deal. In general 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 couple of functions of Unstoppable Domains that stand out. The fact that it is a one-time purchase with no yearly renewal is very attractive considering the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anybody besides the owner.
The domains also have more functionality than traditional domains because they can be used to a payment router, however likewise used to develop websites with dApps developed directly on them due to the fact that they exist on the blockchain, allowing the use of clever contracts on your site. Polinex Namecoin
Possibly the best and most appealing function of Unstoppable Domains is that is offers you a way to have one address for you to get 276 various crypto properties, meaning 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 easier not just for you, but for anybody who you wish to get funds from.
There is only one real potential dealbreaker when it comes to utilizing Unstoppable Domains, which is the cost of claiming your domain with Ethereum.
This may just be a dealbreaker since you do not have any Ethereum at your address and need to acquire some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas costs. This is a one-time deal fee, and unless you choose to sell/transfer your domain to somebody else it will be the additional fee associated with getting your domain.