.Bitcoin Domains | Easy Crypto

Unstoppable domain names is a san francisco-based company….Bitcoin Domains… that is providing domain 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 extension which is tied to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and run by icann so anything always needs approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply completely decentralized so there’s no governing body there’s nothing that needs any type of approval or consent you as the owner own your domain so in this video i want to discuss to you whatever that you require to know as a newbie about unstoppable domain names make sure to check the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration in fact work i think

individuals are going to be quite stunned that it’s way more complex and technical than you envisioned so when you go to someplace like namecheap.com or godaddy.com you’re not in fact buying the domain what you’re doing is you’re launching the domain name through a icann licensed domain register why do i say i can certify since you can’t get your domain straight from i can which is again the not-for-profit organization that manages the dns system you have to go through an icann accredited domain name register in order to get a domain name which’s just how it works like you resemble why do i need to do that i do not know why asking me those are simply the rules and that’s what people 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 cost on your domain names due to the fact that you’re not in fact buying an owning domain 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 system registry that manages that domain name extension which is then absolutely managed and organized by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension

Is unstoppable domains on Ethereum? .Bitcoin Domains

is a verisign for example so all these various domain name extensions have various windows registries and the role of the windows registry is just to manage the administrative information for that specific domain name nft domain names versus the traditional dns system what’s the difference well the conventional dns system is a centralized system as i alluded to earlier based around icann so you have icann you have your domain windows 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 alter it but like what does that particularly suggest a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents an unique digital item 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 currently kind of know why since those are handled by verisign which is a domain name 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 tape-recording this video the primary difference is that these 2 are connected to various block chains that’s it so you have .Bitcoin Domains

 

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 developed and you have a bit more functions and services built 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 primary function of unstoppable domain names clearly over time as like we have actually decentralized web host establish with time it will be possible to utilize like a decentralized domain name and a decentralized web host to produce your own decentralized site currently it’s not actually possible i mean you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which individuals communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than traditional domains.

Supports 276 crypto possessions.

Cons.

Have to invest ETH to claim domain.

Still some question regarding whether Unstoppable Domains will accomplish extensive adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a requirement for it to be much easier for users to engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered location, so users did not need to find out IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually prospered significantly, as they have created 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 actually dApps built onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment fees, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe due to the fact that once claimed the domains exist under your address on blockchain, indicating they are as secure as the blockchain itself.

It is twice as safe due to the fact that this likewise implies that the domain can not be obstructed by anyone besides you, so your site is never ever at risk of being down due to censorship. The site for acquiring the domains is safe as well and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a two primary elements, though it must be noted that acquiring a domain is a one-time expense and needs no yearly renewals of any sort.

The first aspect is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you pick, as cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing additional. In addition, there are exceptional domains that cost tens of thousands.

The next factor is the gas fees related to utilizing the Ethereum blockchain to claim your domain, because the domains are saved on the Ethereum blockchain, the transaction to declare them is available in ETH and is not consisted of in your preliminary purchase. The gas costs you will pay will depend on the present cost of ETH and the network blockage at the time of the transaction. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very best Features of Unstoppable Domains?

There are a few 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 conventional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anybody other than the owner.

The domains also have more functionality than conventional domains because they can be used to a payment router, however also used to produce websites with dApps developed straight on them because they exist on the blockchain, allowing the use of clever contracts on your website. .Bitcoin Domains

Possibly the very best and most attractive function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 different crypto assets, suggesting when you set it up you will just ever require to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is simpler not only for you, but for anyone who you wish to receive funds from.

 

Possible Dealbreakers.

There is only one real potential dealbreaker when it pertains to using Unstoppable Domains, and that is the expense of claiming your domain with Ethereum.

This might just be a dealbreaker because you do not have any Ethereum at your address and need to acquire some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas fees. Nevertheless, this is a one-time transaction cost, and unless you decide to sell/transfer your domain to someone else it will be the extra cost associated with getting your domain.