Unstoppable domain names is a san francisco-based company…Bitcoin Domain Registrar… that is offering domain extensions that are connected 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 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 run by icann so anything constantly requires approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are simply completely decentralized so there’s no governing body there’s nothing that requires any type of approval or approval you as the owner own your domain so in this video i want to explain to you everything that you need to referred to as a novice about unstoppable domain 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 name registration really work i think
individuals are going to be rather shocked that it’s way more technical and complex than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact purchasing 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 license due to the fact that you can’t get your domain names directly from i can which is once again the not-for-profit company that handles the dns system you have to go through an icann certified domain register in order to get a domain and that’s simply how it works like you’re like why do i need to do that i do not know why asking me those are just the guidelines which’s what individuals have been doing for the last couple of years in order to get a domain so that’s why you need to pay an annual cost on your domain because you’re not really buying an owning domain 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 manages that domain name extension which is then absolutely managed 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? Bitcoin Domain Registrar
is a verisign for example so all these different domain name extensions have different computer registries and the function of the windows registry is just to manage the administrative information for that specific domain nft domain names versus the conventional dns system what’s the difference well the conventional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain pc registries then you have your icann licensed domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it but like what does that specifically mean a non-fungible token is just a piece of information discovered 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 2 so if you jump 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 should currently sort of know why due to the fact that those are managed by verisign which is a domain windows registry which is handled by icann that becomes part of the dns system that’s why you can’t get those types of domain names through unstoppable domain you can only get blockchain based domain names right now they just 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 Registrar
your dot crypto which is connected 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 functions 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 personalized crypto addresses that can be established as a payment gateway so this is the main feature of unstoppable domain obviously in time as like we have decentralized web host establish gradually it will be possible to use like a decentralized domain and a decentralized webhosting to develop your own decentralized website currently it’s not really possible i indicate you can do it but it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which individuals connect with crypto addresses.
Censor resistant domain kept in your wallet.
More performance than traditional domains.
Supports 276 crypto possessions.
Need to invest ETH to claim domain.
Still some concern regarding whether Unstoppable Domains will achieve 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 need for it to be easier for users to interact with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into place, so users did not have to find out IP addresses in order to get to sites, except for crypto addresses.
In this manner they have succeeded considerably, as they have produced a domain system that enables users to establish payments for 276 digital properties under a single domain, while likewise having the ability to be used as a totally operating site that can even have actually dApps built onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is exceptionally safe because when declared the domains exist under your address on blockchain, implying they are as secure as the blockchain itself.
It is two times as safe because this likewise means 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 too and can be protected with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a 2 primary aspects, though it ought to be noted that purchasing 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 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 example), and the length of the domain name, with shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.
The next factor is the gas fees related to using the Ethereum blockchain to declare your domain, because the domains are saved on the Ethereum blockchain, the deal to claim them comes in ETH and is not included in your initial 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 Best Functions of Unstoppable Domains?
There are a few functions of Unstoppable Domains that stand out. The reality that it is a one-time purchase with no yearly renewal is extremely appealing thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anyone besides the owner.
The domains likewise have more functionality than standard domains because they can be utilized to a payment router, however likewise utilized to develop sites with dApps constructed straight on them because they exist on the blockchain, allowing the use of wise agreements on your website. Bitcoin Domain Registrar
Maybe the very best and most enticing function of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 various crypto possessions, indicating when you set it up you will only ever require to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not just for you, but for anyone who you wish to receive funds from.
There is only one genuine prospective dealbreaker when it comes to using Unstoppable Domains, which is the expense of declaring your domain with Ethereum.
This might just 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. However, this is a one-time transaction fee, and unless you choose to sell/transfer your domain to another person it will be the additional fee related to getting your domain.