Unstoppable domain names …Unstoppable Domains Opensea, San francisco-based business 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 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 just that they are decentralized so the dns system is managed and run by icann so anything always requires approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just totally decentralized so there’s no governing body there’s nothing that needs 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 mentioned in this video so let’s start how does domain name registration really work i think
individuals are going to be rather surprised that it’s way more technical and complex than you envisioned 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 through a icann licensed domain register why do i state i can license because you can’t get your domain straight from i can which is once again the not-for-profit company that manages the dns system you have to go through an icann accredited domain name register in order to get a domain name and that’s just how it works like you’re like why do i have to do that i don’t understand why asking me those are simply the guidelines which’s what people have actually been doing for the last couple of decades in order to get a domain so that’s why you need to pay an annual cost on your domain names since 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 pc registry that handles that domain extension which is then totally managed and arranged by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension
Is unstoppable domains on Ethereum? Unstoppable Domains Opensea
is a verisign for example so all these different domain name extensions have various registries and the function of the pc registry is simply to handle 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 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 licensed domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it however like what does that specifically mean a non-fungible token is simply a piece of information found 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 distinction with these two 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 currently kind of understand why because those are managed by verisign which is a domain windows registry which is managed by icann that belongs to 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 today 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 Unstoppable Domains Opensea
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 developed and you have a little bit more features and services developed around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill but functionally speaking they are the same individualized crypto addresses that can be set up as a payment gateway so this is the primary feature of unstoppable domain names clearly gradually as like we have decentralized webhosting develop with time it will be possible to utilize like a decentralized domain name and a decentralized web host to develop your own decentralized website currently it’s not really possible i mean you can do it but it’s quite technical uh.
One-time purchase of domain.
Simplifies way in which people engage with crypto addresses.
Censor resistant domain saved in your wallet.
More performance than conventional domains.
Supports 276 crypto possessions.
Need to spend ETH to claim domain.
Still some question as to 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 current CEO, who saw a requirement for it to be much easier for users to interact with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into location, so users did not need to learn IP addresses in order to get to sites, except for crypto addresses.
In this way they have prospered significantly, as they have actually created a domain system that enables users to set up payments for 276 digital assets under a single domain name, while likewise having the ability to be utilized as a totally working site that can even have dApps built onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no yearly renewal costs, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe due to the fact that once claimed the domains exist under your address on blockchain, indicating they are as protected as the blockchain itself.
It is twice as safe because this also means that the domain can not be obstructed 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 as well and can be secured with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends on a 2 main elements, though it should be noted that buying a domain is a one-time expense and needs no annual renewals of any sort.
The first aspect is the expense 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 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 exceptional domains that cost tens of thousands.
The next factor is the gas fees connected with using the Ethereum blockchain to declare your domain, since the domains are kept on the Ethereum blockchain, the deal to claim them can be found in ETH and is not included in your initial purchase. The gas costs you will pay will depend upon the present expense 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 total.
What Are the Best Functions of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stick out. The truth that it is a one-time purchase without any annual renewal is exceptionally attractive considering the method conventional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone other than the owner.
The domains also have more functionality than conventional domains due to the fact that they can be used to a payment router, but likewise used to create websites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of smart agreements on your site. Unstoppable Domains Opensea
Maybe 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 assets, indicating as soon as 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 much easier not just for you, but for anybody who you want to receive funds from.
There is only one real potential dealbreaker when it concerns utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.
This might 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 claim your domain, or if for some reason you believe it is unreasonable to pay the gas charges. This is a one-time transaction cost, and unless you choose to sell/transfer your domain to someone else it will be the additional fee associated with getting your domain.