Bitcoin Dominance Tradingview | Easy Crypto

Unstoppable domain is a san francisco-based company…Bitcoin Dominance Tradingview… that is providing 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 benefit of using these blockchain based domain name extensions is just that they are decentralized so the dns system is controlled and operated by icann so anything always requires approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are simply totally decentralized so there’s no governing body there’s nothing that needs any kind of approval or consent you as the owner own your domain name so in this video i want to discuss to you whatever that you require to called a newbie about unstoppable domain ensure to check the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain registration really work i think

people are going to be quite stunned that it’s way more technical and complicated than you envisioned so when you go to someplace like namecheap.com or godaddy.com you’re not actually purchasing the domain what you’re doing is you’re releasing the domain name through a icann licensed domain register why do i state i can license because you can’t get your domain directly from i can which is again the nonprofit company that handles the dns system you need 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 have to do that i don’t understand why asking me those are just the rules and that’s what people have actually been providing for the last couple of decades in order to get a domain name so that’s why you require to pay a yearly cost on your domain since you’re not in fact buying an owning domain what you’re doing is renting 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 handles that domain name extension which is then totally managed and arranged 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 Tradingview

is a verisign for example so all these various domain extensions have various computer system registries and the function of the computer registry is simply to manage the administrative data for that specific domain name nft domain names versus the standard dns system what’s the difference well the standard dns system is a centralized system as i mentioned earlier based around icann so you have 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 meaning like you can’t jump in and change it however like what does that particularly mean a non-fungible token is just a piece of information 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 difference with these two so if you jump 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 already sort of know why because those are handled by verisign which is a domain name computer registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can only get blockchain based domain today 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 different block chains that’s it so you have Bitcoin Dominance Tradingview

 

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 constructed around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill but functionally speaking they are the same personalized crypto addresses that can be established as a payment entrance so this is the main feature of unstoppable domain obviously over time as like we have actually decentralized web host develop with time it will be possible to use like a decentralized domain name and a decentralized web host to develop your own decentralized website currently it’s not truly possible i imply you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies method which people engage with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than traditional domains.

Supports 276 crypto properties.

Cons.

Have to invest ETH to claim domain.

Still some question as to whether Unstoppable Domains will accomplish prevalent adoption.

Some domains are still pre-sale just.

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 connect with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into place, so users did not need to learn IP addresses in order to get to sites, except for crypto addresses.

In this manner they have prospered greatly, as they have actually developed a domain system that allows users to set up payments for 276 digital possessions under a single domain, while likewise having the ability to be used as a totally functioning site that can even have dApps built onto them since the domain is hosted on the blockchain. With a single payment and no yearly renewal fees, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe due to the fact that as soon as declared the domains exist under your address on blockchain, implying they are as safe and secure as the blockchain itself.

It is twice as safe because this likewise indicates 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 website for acquiring the domains is safe too and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a 2 primary aspects, though it ought to be noted that buying a domain is a one-time expense and needs no yearly renewals of any sort.

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

The next element is the gas fees related to using the Ethereum blockchain to declare your domain, since the domains are stored on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your initial purchase. The gas charges you will pay will depend upon the existing 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 overall.

What Are the very best Features of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any yearly renewal is incredibly enticing considering the way traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anybody besides the owner.

The domains also have more performance than traditional domains since they can be used to a payment router, but likewise used to create sites with dApps constructed directly on them since they exist on the blockchain, allowing the use of smart contracts on your site. Bitcoin Dominance Tradingview

Perhaps 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 various crypto properties, indicating as soon as you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not just for you, but for anyone who you want to receive funds from.

 

Possible Dealbreakers.

There is only one genuine possible dealbreaker when it concerns utilizing Unstoppable Domains, which is the expense 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 buy 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 decide to sell/transfer your domain to somebody else it will be the extra charge related to getting your domain.