What Happened To Namecoin – All you need

Unstoppable domain names …What Happened To Namecoin, San francisco-based business that is offering domain 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 extensions is simply that they are decentralized so the dns system is managed and operated by icann so anything constantly 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 absolutely nothing that needs any type of approval or consent you as the owner own your domain name so in this video i want to describe to you everything that you require to referred to as a newbie about unstoppable domain names 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

people are going to be quite surprised that it’s way more technical and complicated than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain name what you’re doing is you’re releasing the domain through a icann accredited domain register why do i state i can accredit since you can’t get your domain names straight from i can which is once again the nonprofit company that manages the dns system you have to go through an icann licensed domain register in order to get a domain and that’s just how it works like you’re like why do i have to do that i do not know why asking me those are simply the rules which’s what individuals have actually been providing for the last few decades in order to get a domain so that’s why you need to pay an annual fee on your domain because you’re not actually buying an owning domain name what you’re doing is leasing their domain name 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 name extension which is then completely handled 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? What Happened To Namecoin

is a verisign for example so all these various domain name extensions have different windows registries and the role of the pc registry is just to manage the administrative information for that specific domain name nft domain versus the conventional dns system what’s the difference well the traditional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain computer system registries then you have your icann certified 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 suggest 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 circumstances our domain dot crypto versus dot zill what’s the difference with these 2 so if you leap 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 need to currently type of know why due to the fact that those are handled by verisign which is a domain windows registry which is handled by icann that belongs to the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can only get blockchain based domain names today they just have a dot crypto in dot zo at the time of recording this video the primary distinction is that these 2 are tied to different block chains that’s it so you have What Happened To Namecoin

 

your dot crypto which is tied to the ethereum blockchain you have your dot zill which is tied to the silica block durian blockchain is way more industrialized and you have a bit more features and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill however 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 obviously in time as like we have decentralized webhosting develop with time it will be possible to utilize like a decentralized domain and a decentralized webhosting to produce your own decentralized site currently it’s not actually possible i mean you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which individuals connect with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than conventional domains.

Supports 276 crypto properties.

Cons.

Have to invest ETH to claim domain.

Still some question as to whether Unstoppable Domains will accomplish widespread 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 requirement for it to be simpler for users to interact with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into place, so users did not need to learn IP addresses in order to get to sites, except for crypto addresses.

In this manner they have actually prospered greatly, as they have actually created a domain system that permits users to establish payments for 276 digital possessions under a single domain, while also being able to be utilized as a totally working site that can even have actually dApps built onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal fees, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe because once declared the domains exist under your address on blockchain, implying they are as safe and secure as the blockchain itself.

It is two times as safe because this likewise means that the domain can not be blocked by anyone aside from 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 on a two main factors, though it should be noted that acquiring a domain is a one-time expense and needs no annual renewals of any sort.

The first factor 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 cost is based on domain type (. crypto is more than.wallet for instance), and the length of the domain name, with shorter domains costing additional. In addition, there are premium domains that cost tens of thousands.

The next factor is the gas costs connected with using the Ethereum blockchain to declare your domain, due to the fact that the domains are stored on the Ethereum blockchain, the deal to claim them comes in ETH and is not included in your initial purchase. The gas charges you will pay will depend on the existing cost of ETH and the network congestion at the time of the transaction. Overall 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 very attractive thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody besides the owner.

The domains likewise have more performance than standard domains due to the fact that they can be used to a payment router, but also used to create sites with dApps developed straight on them because they exist on the blockchain, allowing the use of clever agreements on your website. What Happened To Namecoin

Maybe the very best and most enticing feature of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto possessions, implying when you set it up you will just ever require to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not just for you, but for anyone who you wish to get funds from.

 

Potential Dealbreakers.

There is only one real potential dealbreaker when it concerns utilizing Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.

This might only be a dealbreaker because you do not have any Ethereum at your address and need to purchase some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas fees. This is a one-time transaction cost, and unless you decide to sell/transfer your domain to somebody else it will be the additional fee associated with getting your domain.