√Ò¬SS√Ò¬≥√Ò¬™√Ò¬Æ√Ò¬±√Ò¬SS√Ò¬¨ Namecoin | Easy Crypto

Unstoppable domain names is a san francisco-based company…√Ò¬SS√Ò¬≥√Ò¬™√Ò¬Æ√Ò¬±√Ò¬SS√Ò¬¨ Namecoin… that is supplying 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 tied 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 simply that they are decentralized so the dns system is managed and operated by icann so anything constantly needs approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are just completely decentralized so there’s no governing body there’s nothing that needs any type of approval or approval you as the owner own your domain name so in this video i want to discuss to you whatever that you require to referred to as a novice about unstoppable domain names make certain to inspect the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain name registration actually work i think

people are going to be rather surprised 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 actually buying the domain what you’re doing is you’re launching the domain name through a icann accredited domain register why do i state i can license due to the fact that you can’t get your domain straight from i can which is again the not-for-profit company that manages the dns system you have to go through an icann licensed domain register in order to get a domain name which’s just how it works like you’re like why do i need to do that i don’t understand why asking me those are just 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 need to pay an annual charge on your domain because you’re not actually buying an owning domain 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 pc registry that handles that domain extension which is then absolutely handled 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? √Ò¬SS√Ò¬≥√Ò¬™√Ò¬Æ√Ò¬±√Ò¬SS√Ò¬¨ Namecoin

is a verisign for instance so all these various domain extensions have different computer system registries and the role of the computer registry is just to handle the administrative information for that particular domain name nft domain names versus the conventional dns system what’s the distinction well the conventional dns system is a central system as i alluded to earlier based around icann so you have actually icann you have your domain 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 alter it however like what does that particularly suggest a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a distinct digital item in this circumstances 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 discover that you can’t geta.com.net.org why well you can’t you must already kind of understand why because those are managed by verisign which is a domain computer system registry which is handled by icann that becomes part of the dns system that’s why you can’t get those kinds 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 primary difference is that these two are connected to various block chains that’s it so you have √Ò¬SS√Ò¬≥√Ò¬™√Ò¬Æ√Ò¬±√Ò¬SS√Ò¬¨ Namecoin

https://www.youtube.com/watch?v=2HNAaf6rIec

 

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 bit more functions and services developed 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 tailored crypto addresses that can be set up as a payment gateway so this is the main function of unstoppable domain undoubtedly in time as like we have actually decentralized webhosting develop gradually it will be possible to utilize like a decentralized domain and a decentralized webhosting to develop your own decentralized site presently it’s not really possible i mean you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals connect with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than standard domains.

Supports 276 crypto assets.

Cons.

Have to spend ETH to claim domain.

Still some concern as to whether Unstoppable Domains will accomplish extensive adoption.

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be simpler for users to interact with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to learn IP addresses in order to get to sites, except for crypto addresses.

In this way they have been successful greatly, as they have actually produced a domain system that permits users to establish payments for 276 digital assets under a single domain, while likewise having the ability to be utilized as a totally working site that can even have actually dApps constructed onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe since when declared the domains exist under your address on blockchain, indicating they are as safe as the blockchain itself.

It is two times as safe due to the fact that this also means that the domain can not be obstructed by anyone aside from you, so your website is never ever at risk of being down due to censorship. The website for buying the domains is safe too and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a 2 primary aspects, though it needs to be kept in mind that buying a domain is a one-time expense and requires no annual renewals of any sort.

The very first element is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on 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 much shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.

The next factor is the gas costs connected with utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are kept on the Ethereum blockchain, the deal to declare them can be found in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend upon the current 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 very best Functions of Unstoppable Domains?

There are a few features of Unstoppable Domains that stick out. The truth that it is a one-time purchase without any yearly renewal is exceptionally attractive thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anyone aside from the owner.

The domains likewise have more functionality than traditional domains since they can be utilized to a payment router, but also used to develop websites with dApps built directly on them due to the fact that they exist on the blockchain, allowing the use of wise contracts on your website. √Ò¬SS√Ò¬≥√Ò¬™√Ò¬Æ√Ò¬±√Ò¬SS√Ò¬¨ Namecoin

Perhaps the best and most appealing feature of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 different crypto assets, implying once you set it up you will only ever need to know 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 want to get funds from.

https://www.youtube.com/watch?v=Zm6uZzZwLSg

 

Potential Dealbreakers.

There is only one real possible dealbreaker when it comes to utilizing Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.

This might just be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to acquire 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 choose to sell/transfer your domain to someone else it will be the extra cost associated with getting your domain.