Blockchain.Com Domain | Easy Crypto

Unstoppable domain is a san francisco-based company…Blockchain.Com Domain… that is offering domain extensions that are connected to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is tied 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 extensions is simply 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 totally decentralized so there’s no governing body there’s absolutely nothing that needs any kind of approval or permission you as the owner own your domain so in this video i wish to describe to you whatever that you require to referred to as a newbie about unstoppable domain names ensure 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 registration really work i think

people are going to be rather stunned that it’s way more technical and complex than you envisioned so when you go to somewhere 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 certified domain name register why do i say i can accredit because you can’t get your domain directly from i can which is once again the nonprofit organization that manages the dns system you need to go through an icann accredited domain name 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 don’t know why asking me those are simply the rules and that’s what people have been doing for the last few decades in order to get a domain so that’s why you need to pay a yearly fee on your domain because 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 pc registry that handles that domain extension which is then totally managed and organized by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension

Is unstoppable domains on Ethereum? Blockchain.Com Domain

is a verisign for instance so all these different domain extensions have various computer registries and the role of the computer system registry is just to handle the administrative data for that particular domain nft domain names versus the standard dns system what’s the distinction well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain registries then you have your icann certified domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it but like what does that particularly imply a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a special digital item in this circumstances our domain 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 find out that you can’t geta.com.net.org why well you can’t you should currently type of understand why since those are handled by verisign which is a domain name pc registry which is managed by icann that becomes part of the dns system that’s why you can’t get those types of domain through unstoppable domain you can just get blockchain based domain 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 connected to various block chains that’s it so you have Blockchain.Com Domain

 

your dot crypto which is tied 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 little bit more services and features constructed around uh at the ethereum blockchain with a dot crypto domain name than you finish with a dot zill but functionally speaking they are the same customized crypto addresses that can be established as a payment gateway so this is the primary feature of unstoppable domain names certainly in time as like we have decentralized web host develop gradually it will be possible to use like a decentralized domain and a decentralized webhosting to develop your own decentralized site presently it’s not really possible i imply you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals engage with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than traditional domains.

Supports 276 crypto assets.

Cons.

Have to spend ETH to claim domain.

Still some concern as to whether Unstoppable Domains will achieve extensive 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 easier for users to interact 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 learn IP addresses in order to get to websites, except for crypto addresses.

In this manner they have been successful significantly, as they have actually produced a domain system that permits users to establish payments for 276 digital properties under a single domain name, while likewise being able to be used as a totally functioning website that can even have dApps developed onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment charges, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe because once declared the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.

It is twice as safe since this also means that the domain can not be obstructed by anybody other than you, so your website is never at risk of being down due to censorship. The website for acquiring the domains is safe as well and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

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

The very first aspect is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you select, 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 premium domains that cost tens of thousands.

The next element is the gas fees associated with utilizing the Ethereum blockchain to claim your domain, since the domains are stored 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 existing expense of ETH and the network blockage at the time of the transaction. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the Best Functions of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stick out. The reality that it is a one-time purchase without any yearly renewal is very enticing thinking about the way conventional 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 performance than conventional domains because they can be utilized 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 smart agreements on your website. Blockchain.Com Domain

Perhaps the very best and most attractive feature of Unstoppable Domains is that is provides you a method to have one address for you to get 276 different crypto properties, suggesting once you set it up you will just ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not just for you, but for anybody who you wish to get funds from.

 

Prospective Dealbreakers.

There is only one genuine potential dealbreaker when it comes to using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.

This might just 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 costs. 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 charge related to getting your domain.