Blockchain Domain Registrar | Easy Crypto

Unstoppable domain names is a san francisco-based business…Blockchain Domain Registrar… 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 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 constantly needs 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 absolutely nothing that requires any type of approval or permission you as the owner own your domain name so in this video i want to describe to you everything that you require to referred to as a novice about unstoppable domain names ensure to inspect the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration actually work i think

individuals are going to be quite surprised that it’s method more complicated and technical than you pictured 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 name through a icann certified domain name register why do i state i can certify due to the fact that you can’t get your domain straight from i can which is again the nonprofit company that handles the dns system you have to go through an icann accredited domain name register in order to get a domain name which’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 and that’s what people have been providing for the last couple of years in order to get a domain so that’s why you need to pay a yearly fee on your domain because you’re not actually purchasing 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 registry that handles that domain name extension which is then totally managed and organized by icann broadly speaking so like when you get it.com.net.org the registry for that extension

Is unstoppable domains on Ethereum? Blockchain Domain Registrar

is a verisign for instance so all these various domain extensions have various computer system registries and the role of the registry is simply to manage the administrative data for that particular domain nft domain versus the traditional 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 computer 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 alter it however like what does that particularly suggest a non-fungible token is simply a piece of data found on a blockchain that is verifiable and represents an unique digital product in this circumstances our domain names dot crypto versus dot zill what’s the difference with these 2 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 need to currently sort of understand why due to the fact that those are handled by verisign which is a domain name registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain names you can just get blockchain based domain today they only have a dot crypto in dot zo at the time of tape-recording this video the primary difference is that these two are connected to different block chains that’s it so you have Blockchain Domain Registrar

https://www.youtube.com/watch?v=2HNAaf6rIec

 

your dot crypto which is connected 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 functions built around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill however functionally speaking they are the same individualized crypto addresses that can be set up as a payment gateway so this is the main feature of unstoppable domain undoubtedly in time as like we have actually decentralized web host develop with time it will be possible to utilize like a decentralized domain name and a decentralized web host to produce your own decentralized website presently it’s not actually possible i mean you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which people engage with crypto addresses.

Censor resistant domain stored in your wallet.

More performance than traditional domains.

Supports 276 crypto assets.

Cons.

Need to spend ETH to claim domain.

Still some question regarding whether Unstoppable Domains will attain widespread 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 need for it to be much easier for users to engage with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered place, so users did not have to learn IP addresses in order to get to sites, except for crypto addresses.

In this manner they have actually been successful greatly, as they have produced a domain system that permits users to set up payments for 276 digital possessions under a single domain, while also being able to be utilized as a fully working website that can even have actually dApps developed onto them since 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 very safe since as soon as claimed the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.

It is doubly safe since this likewise means that the domain can not be blocked by anyone besides you, so your website is never ever at risk of being down due to censorship. The website for buying the domains is safe as well and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a 2 main aspects, though it should be noted that acquiring a domain is a one-time cost and requires no yearly renewals of any sort.

The very 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 choose, as expense is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.

The next element is the gas costs associated with utilizing the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the transaction to declare them is available in ETH and is not included in your initial purchase. The gas fees you will pay will depend upon the present expense of ETH and the network congestion 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 couple of features of Unstoppable Domains that stand out. The truth that it is a one-time purchase without any yearly renewal is very attractive considering the method traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody besides the owner.

The domains also have more performance than standard domains because they can be utilized to a payment router, however also utilized to create websites with dApps built straight on them because they exist on the blockchain, allowing the use of clever agreements on your website. Blockchain Domain Registrar

Perhaps the very best and most attractive function of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 different crypto possessions, suggesting when you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not just for you, but for anyone who you want to receive funds from.

https://www.youtube.com/watch?v=Zm6uZzZwLSg

 

Potential Dealbreakers.

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

This might just be a dealbreaker because you do not have any Ethereum at your address and require to buy some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas charges. Nevertheless, this is a one-time deal charge, and unless you choose to sell/transfer your domain to another person it will be the extra cost related to getting your domain.