Unstoppable domain names …Unstoppable Domains Ledger Nano X, San francisco-based company that is providing domain extensions that are tied 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 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 run by icann so anything always needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are simply completely decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or authorization you as the owner own your domain so in this video i wish to explain to you whatever that you require to referred to as a novice about unstoppable domain names ensure to check the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain name registration really work i think
individuals are going to be rather shocked 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 in fact purchasing the domain what you’re doing is you’re releasing the domain through a icann licensed domain register why do i say i can accredit because you can’t get your domain directly from i can which is again the not-for-profit organization that manages the dns system you need to go through an icann certified domain register in order to get a domain name and that’s simply how it works like you’re like why do i have to do that i do not understand why asking me those are just the guidelines which’s what people have actually been providing for the last few years in order to get a domain so that’s why you require to pay a yearly cost on your domain names because you’re not actually 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 windows registry that manages that domain name extension which is then completely 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? Unstoppable Domains Ledger Nano X
is a verisign for instance so all these different domain name extensions have various windows registries and the role of the windows registry is just to manage the administrative data for that particular domain nft domain versus the traditional dns system what’s the distinction well the traditional dns system is a central system as i alluded to earlier based around icann so you have actually icann you have your domain pc registries then you have your icann accredited 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 indicate a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents an unique digital item in this instance our domain names dot crypto versus dot zill what’s the distinction with these 2 so if you jump 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 need to already type of know why since those are managed by verisign which is a domain computer system registry which is handled by icann that’s part of the dns system that’s why you can’t get those types of domain through unstoppable domain names you can just get blockchain based domain names today they only have a dot crypto in dot zo at the time of tape-recording this video the main distinction is that these two are connected to different block chains that’s it so you have Unstoppable Domains Ledger Nano X
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 than you finish with a dot zill but functionally speaking they are the same individualized crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain certainly over time as like we have actually decentralized web host develop gradually it will be possible to use like a decentralized domain and a decentralized webhosting to produce your own decentralized website presently it’s not really possible i imply you can do it however it’s quite technical uh.
One-time purchase of domain.
Streamlines method which individuals connect with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than traditional domains.
Supports 276 crypto properties.
Have to invest ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will achieve 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 much 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 find out IP addresses in order to get to sites, except for crypto addresses.
In this way they have actually been successful significantly, as they have actually developed a domain system that permits users to establish payments for 276 digital properties under a single domain name, while likewise having the ability to be utilized as a totally working site that can even have actually dApps developed onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe since as soon as declared the domains exist under your address on blockchain, suggesting they are as secure as the blockchain itself.
It is doubly safe because this also means 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 acquiring the domains is safe also and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a two primary aspects, though it must be noted that buying a domain is a one-time cost and requires no yearly renewals of any sort.
The first aspect is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on 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 superior domains that cost 10s of thousands.
The next aspect is the gas fees related to using the Ethereum blockchain to claim your domain, because the domains are stored on the Ethereum blockchain, the transaction to declare them comes in ETH and is not included in your initial purchase. The gas costs you will pay will depend on the present expense of ETH and the network congestion at the time of the deal. In general 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 functions of Unstoppable Domains that stick out. The fact that it is a one-time purchase without any yearly renewal is incredibly appealing thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anyone besides 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 also utilized to develop websites with dApps built directly on them since they exist on the blockchain, allowing the use of wise contracts on your site. Unstoppable Domains Ledger Nano X
Possibly the best and most enticing function of Unstoppable Domains is that is offers you a method to have one address for you to get 276 different crypto possessions, meaning once you set it up you will just ever need to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not just for you, but for anybody who you want to get funds from.
There is only one real potential dealbreaker when it pertains to using Unstoppable Domains, which 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 require to buy some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas costs. This is a one-time transaction charge, and unless you choose to sell/transfer your domain to somebody else it will be the additional cost associated with getting your domain.