Unstoppable domain names …Public Domain Blockchain, San francisco-based company that is supplying domain name extensions that are connected to the blockchain instead of being tied to the dns system particularly you can get a dot crypto which is tied 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 benefit of using these blockchain based domain name extensions is simply that they are decentralized so the dns system is controlled and operated by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are simply totally decentralized so there’s no governing body there’s nothing that requires any type of approval or authorization you as the owner own your domain so in this video i wish to describe to you whatever that you need to know as a beginner about unstoppable domain names make sure to inspect the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration actually work i believe
individuals are going to be rather stunned that it’s way more complicated and technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re launching the domain through a icann licensed domain register why do i state i can license due to the fact that you can’t get your domain names straight from i can which is once again the nonprofit company that manages the dns system you need to go through an icann licensed domain name 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 simply the rules which’s what people have actually been providing for the last few years in order to get a domain name so that’s why you require to pay an annual fee on your domain names because you’re not in fact purchasing an owning domain name what you’re doing is renting 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 registry that handles that domain 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? Public Domain Blockchain
is a verisign for instance so all these various domain extensions have various windows registries and the role of the pc registry is just to manage the administrative data for that particular domain name nft domain versus the standard dns system what’s the difference well the traditional dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain computer registries then you have your icann certified domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it however like what does that specifically imply a non-fungible token is simply a piece of data found on a blockchain that is verifiable and represents an unique digital product in this instance our domain names 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 ought to currently kind of know why since those are handled by verisign which is a domain name registry which is handled 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 right now they just have a dot crypto in dot zo at the time of recording this video the main difference is that these 2 are tied to different block chains that’s it so you have Public Domain Blockchain
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 little bit more functions and services constructed around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill however functionally speaking they are the same customized crypto addresses that can be established as a payment entrance so this is the main feature of unstoppable domain undoubtedly over time as like we have actually decentralized web host establish over time it will be possible to utilize like a decentralized domain name and a decentralized web host to create your own decentralized website currently it’s not actually possible i imply you can do it however it’s pretty technical uh.
One-time purchase of domain.
Simplifies way in which individuals communicate with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than conventional domains.
Supports 276 crypto assets.
Need to spend ETH to claim domain.
Still some concern as to 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 need for it to be easier for users to communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered place, so users did not need to discover IP addresses in order to get to websites, except for crypto addresses.
In this manner they have actually been successful considerably, as they have developed a domain system that enables users to set up payments for 276 digital properties under a single domain name, while likewise having the ability to be used as a completely working website that can even have dApps developed onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment fees, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe due to the fact that when claimed the domains exist under your address on blockchain, implying they are as safe as the blockchain itself.
It is twice as safe because this also indicates that the domain can not be blocked by anybody aside from you, so your website is never at risk of being down due to censorship. The website for acquiring the domains is safe also and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a two primary elements, though it should be noted that purchasing a domain is a one-time cost and needs no annual renewals of any sort.
The very first element is the expense of the domain itself, this can range 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 name, with shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.
The next aspect is the gas fees connected with using the Ethereum blockchain to declare your domain, because the domains are stored on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your initial purchase. The gas charges you will pay will depend upon the present cost of ETH and the network congestion at the time of the transaction. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the Best Features of Unstoppable Domains?
There are a few functions of Unstoppable Domains that stand out. The fact that it is a one-time purchase without any yearly renewal is incredibly enticing considering the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anybody aside from the owner.
The domains likewise have more functionality than conventional domains due to the fact that they can be utilized to a payment router, but likewise used to develop websites with dApps constructed directly on them since they exist on the blockchain, allowing the use of wise contracts on your site. Public Domain Blockchain
Maybe the best and most enticing feature of Unstoppable Domains is that is supplies you a way to have one address for you to get 276 different crypto properties, meaning when you set it up you will just 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 anybody who you want to get funds from.
There is only one genuine potential dealbreaker when it concerns using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.
This may only be a dealbreaker due to the fact that 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 think it is unreasonable to pay the gas costs. However, this is a one-time deal charge, and unless you choose to sell/transfer your domain to someone else it will be the extra cost connected with getting your domain.