Unstoppable domain is a san francisco-based business…0.00000019 Namecoins… that is providing domain name extensions that are connected to the blockchain instead of being tied 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 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 requires approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are just totally decentralized so there’s no governing body there’s nothing that requires any kind of approval or permission you as the owner own your domain name so in this video i wish to explain to you everything that you require to called a novice about unstoppable domain names make sure to examine the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration in fact work i believe
individuals are going to be quite stunned that it’s way more technical and complicated than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not in fact buying the domain name what you’re doing is you’re releasing the domain name through a icann certified domain register why do i state i can certify since you can’t get your domain names directly from i can which is again the not-for-profit organization that handles the dns system you have to go through an icann certified domain name register in order to get a domain name and that’s simply how it works like you resemble why do i have to do that i do not know why asking me those are just the guidelines which’s what individuals have actually been providing for the last couple of years in order to get a domain so that’s why you need to pay a yearly fee on your domain names due to the fact that you’re not in fact 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 computer system registry that handles that domain extension which is then completely managed 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? 0.00000019 Namecoins
is a verisign for example so all these different domain name extensions have different registries and the function of the registry is just to handle the administrative data for that specific domain nft domain names versus the standard dns system what’s the distinction well the traditional dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain pc 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 change it but like what does that specifically indicate a non-fungible token is just a piece of information discovered 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 distinction with these two so if you leap over to unstoppabledomainnames.com link in the description you’re going to learn that you can’t geta.com.net.org why well you can’t you must already type of know why because those are handled by verisign which is a domain pc 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 names you can only get blockchain based domain names right now they only have a dot crypto in dot zo at the time of recording this video the main distinction is that these 2 are tied to various block chains that’s it so you have 0.00000019 Namecoins
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 developed around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill however functionally speaking they are the same individualized crypto addresses that can be set up as a payment entrance so this is the main feature of unstoppable domain names obviously with time as like we have decentralized web host establish with time it will be possible to use like a decentralized domain name and a decentralized web host to produce your own decentralized website currently it’s not actually possible i indicate you can do it but it’s pretty technical uh.
One-time purchase of domain.
Streamlines way in which people connect with crypto addresses.
Censor resistant domain stored in your wallet.
More performance than conventional domains.
Supports 276 crypto assets.
Have to spend ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will attain widespread 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 requirement for it to be much easier for users to interact with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered into location, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.
In this way they have actually been successful significantly, as they have developed a domain system that allows users to establish payments for 276 digital properties under a single domain, while also having the ability to be utilized as a fully working website that can even have dApps built onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an appealing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is very safe because once declared the domains exist under your address on blockchain, indicating they are as protected 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 anybody aside from you, so your website is never at risk of being down due to censorship. The site for purchasing the domains is safe also and can be secured with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a two main elements, though it should be kept in mind that acquiring a domain is a one-time cost and needs no yearly renewals of any sort.
The first element is the cost of the domain itself, this can vary 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 10s of thousands.
The next aspect is the gas fees associated with utilizing the Ethereum blockchain to claim your domain, because 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 fees you will pay will depend on the present expense of ETH and the network blockage at the time of the transaction. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the very best Functions of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stand out. The fact that it is a one-time purchase with no yearly renewal is incredibly attractive considering the way standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anyone besides the owner.
The domains likewise have more functionality than traditional domains due to the fact that they can be utilized to a payment router, but likewise used to create sites with dApps built directly on them since they exist on the blockchain, allowing the use of clever agreements on your site. 0.00000019 Namecoins
Maybe the best and most appealing feature of Unstoppable Domains is that is provides you a method to have one address for you to get 276 different crypto possessions, indicating once you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not only for you, but for anyone who you want to get funds from.
There is only one real potential dealbreaker when it comes to utilizing Unstoppable Domains, and that is the expense of claiming your domain with Ethereum.
This may just be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to purchase some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas costs. This is a one-time deal cost, and unless you decide to sell/transfer your domain to somebody else it will be the extra fee associated with getting your domain.