Bitcoin Dominance Data | Easy Crypto

Unstoppable domain is a san francisco-based company…Bitcoin Dominance Data… that is offering domain name extensions that are tied 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 just that they are decentralized so the dns system is controlled and operated by icann so anything constantly requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply totally decentralized so there’s no governing body there’s nothing that requires any type of approval or consent you as the owner own your domain so in this video i wish to describe to you everything that you require to called a newbie about unstoppable domain names make certain to check 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 actually work i believe

individuals are going to be rather surprised that it’s way more complicated and technical than you envisioned 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 through a icann accredited domain name register why do i state i can accredit due to the fact that you can’t get your domain names directly from i can which is once again the nonprofit company that handles the dns system you need to go through an icann licensed domain name register in order to get a domain which’s simply how it works like you resemble why do i need to do that i don’t understand why asking me those are simply the guidelines and that’s what individuals have actually been doing for the last few years in order to get a domain so that’s why you require to pay a yearly charge on your domain because you’re not actually purchasing 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 computer registry that manages that domain name extension which is then totally handled and organized by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension

Is unstoppable domains on Ethereum? Bitcoin Dominance Data

is a verisign for instance so all these various domain name extensions have different computer 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 difference well the standard dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain windows registries then you have your icann licensed domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it but like what does that particularly imply a non-fungible token is simply a piece of data found on a blockchain that is verifiable and represents an unique digital item in this circumstances our domain names 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 must currently type of know why since those are managed 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 types of domain names through unstoppable domain you can just 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 Dominance Data

 

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 bit more services and features developed around uh at the ethereum blockchain with a dot crypto domain name than you do 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 feature of unstoppable domain names obviously gradually as like we have actually decentralized webhosting develop gradually it will be possible to utilize like a decentralized domain and a decentralized web host to produce your own decentralized site currently it’s not actually possible i suggest you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which people communicate with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than standard domains.

Supports 276 crypto assets.

Cons.

Need to invest 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 present CEO, who saw a requirement for it to be easier for users to communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into location, so users did not need to discover IP addresses in order to get to websites, except for crypto addresses.

In this way they have succeeded significantly, as they have actually created a domain system that permits users to establish payments for 276 digital properties under a single domain name, while likewise having the ability to be used as a totally operating website that can even have dApps developed onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe because when claimed the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.

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

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 main elements, though it should be kept in mind that purchasing a domain is a one-time expense and requires no annual renewals of any sort.

The very first factor 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 expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with much shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.

The next factor is the gas fees associated with using the Ethereum blockchain to claim your domain, due to the fact that the domains are stored on the Ethereum blockchain, the transaction to declare them can be found in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend on the present expense of ETH and the network blockage at the time of the deal. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the Best Features of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stick out. The fact that it is a one-time purchase with no annual renewal is exceptionally attractive considering the method traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anyone aside from the owner.

The domains likewise have more performance than standard domains because they can be used to a payment router, however also utilized to develop sites with dApps built straight on them since they exist on the blockchain, allowing the use of clever contracts on your website. Bitcoin Dominance Data

Possibly the best and most attractive function of Unstoppable Domains is that is offers you a method to have one address for you to get 276 different crypto assets, indicating as soon as you set it up you will only ever require 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 wish to get funds from.

 

Potential Dealbreakers.

There is only one genuine prospective dealbreaker when it concerns using Unstoppable Domains, which is the cost of claiming your domain with Ethereum.

This may only be a dealbreaker due to the fact that 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 charges. Nevertheless, this is a one-time deal cost, and unless you choose to sell/transfer your domain to another person it will be the additional cost connected with getting your domain.