Bitcoin Domain Com | Easy Crypto

Unstoppable domain names is a san francisco-based company…Bitcoin Domain Com… that is supplying 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 name extensions is simply that they are decentralized so the dns system is controlled 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 just totally 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 name so in this video i want to describe to you everything that you require to know as a newbie about unstoppable domain make sure to inspect the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration actually work i believe

individuals are going to be quite surprised that it’s way more technical and complex than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re launching the domain name through a icann accredited domain name register why do i state i can certify since you can’t get your domain directly from i can which is again the not-for-profit organization that handles the dns system you need to go through an icann accredited domain name register in order to get a domain which’s simply how it works like you’re like why do i need to do that i do not understand why asking me those are just the guidelines which’s what people have actually been doing for the last couple of decades in order to get a domain name so that’s why you need to pay an annual fee on your domain names since you’re not really purchasing an owning domain name what you’re doing is renting 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 registry that manages that domain extension which is then absolutely 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? Bitcoin Domain Com

is a verisign for example so all these different domain extensions have various windows registries and the role of the computer registry is simply to manage the administrative information for that specific domain name nft domain versus the standard 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 icann you have your domain pc registries then you have your icann accredited domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it however like what does that specifically mean a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents a special digital product in this circumstances our domain names dot crypto versus dot zill what’s the distinction with these 2 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 ought to currently kind of understand why due to the fact that those are handled by verisign which is a domain name pc registry which is handled by icann that’s part of the dns system that’s why you can’t get those types of domain names 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 taping this video the main distinction is that these 2 are tied to various block chains that’s it so you have Bitcoin Domain Com

 

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 services and features developed around uh at the ethereum blockchain with a dot crypto domain name than you finish with a dot zill however functionally speaking they are the same individualized crypto addresses that can be set up as a payment gateway so this is the primary function of unstoppable domain obviously in time as like we have decentralized web host develop with time it will be possible to use like a decentralized domain and a decentralized web host to produce your own decentralized website presently it’s not truly possible i mean you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which people interact with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than conventional domains.

Supports 276 crypto assets.

Cons.

Need to spend ETH to claim domain.

Still some question 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 current CEO, who saw a need for it to be simpler for users to engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered into place, so users did not have to learn IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually prospered significantly, as they have created a domain system that allows users to set up payments for 276 digital properties under a single domain, while likewise having the ability to be utilized as a completely working website that can even have actually dApps developed 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 extremely safe because when claimed the domains exist under your address on blockchain, indicating they are as safe as the blockchain itself.

It is two times as safe because this likewise suggests that the domain can not be obstructed by anybody besides you, so your website is never ever at risk of being down due to censorship. The website for purchasing the domains is safe also and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a 2 main aspects, though it must be noted that acquiring a domain is a one-time cost and requires no annual 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 choose, as cost is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing additional. In addition, there are exceptional domains that cost tens of thousands.

The next factor is the gas costs related to utilizing the Ethereum blockchain to declare your domain, because the domains are kept on the Ethereum blockchain, the deal to declare 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 cost 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 total.

What Are the Best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand out. The truth that it is a one-time purchase with no annual renewal is incredibly enticing 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 other than the owner.

The domains likewise have more functionality than traditional domains since they can be used to a payment router, but also used to develop websites with dApps constructed straight on them because they exist on the blockchain, allowing the use of smart agreements on your website. Bitcoin Domain Com

Maybe the very best and most enticing function of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 different crypto properties, meaning once 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 easier not only for you, but for anyone who you want to receive funds from.

 

Potential Dealbreakers.

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

This might just be a dealbreaker since 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 charges. Nevertheless, this is a one-time transaction cost, and unless you decide to sell/transfer your domain to somebody else it will be the extra fee connected with getting your domain.