Blockchain Domain Registry | Easy Crypto

Unstoppable domain names is a san francisco-based business…Blockchain Domain Registry… that is supplying domain name 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 name extension which is tied to the silica blockchain which is an alternative to ethereum the advantage 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 however 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 kind of approval or approval you as the owner own your domain name so in this video i wish to explain to you whatever that you require to know as a novice about unstoppable domain make sure to check the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain name registration really work i believe

people are going to be rather surprised that it’s method more complicated and technical than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not in fact buying the domain name what you’re doing is you’re releasing the domain through a icann accredited domain register why do i say i can accredit since you can’t get your domain names straight from i can which is again the nonprofit company that manages the dns system you need to go through an icann licensed domain register in order to get a domain name and that’s just how it works like you’re like why do i need to do that i don’t understand why asking me those are just the rules which’s what individuals have actually been providing for the last couple of years in order to get a domain so that’s why you require to pay a yearly fee on your domain since you’re not actually buying an owning domain name what you’re doing is leasing their domain so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the registry that handles that domain extension which is then totally managed and arranged 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? Blockchain Domain Registry

is a verisign for instance so all these various domain extensions have different pc registries and the role of the computer registry is simply to manage the administrative information for that specific domain name nft domain versus the traditional dns system what’s the distinction well the traditional dns system is a centralized system as i alluded to earlier based around icann so you have actually icann you have your domain computer system registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it but like what does that particularly indicate a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a distinct digital product in this instance our domain 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 need to already kind of know why because those are managed by verisign which is a domain name computer system registry which is managed by icann that’s part of the dns system that’s why you can’t get those types of domain names through unstoppable domain names you can only get blockchain based domain names today they only have a dot crypto in dot zo at the time of taping this video the primary distinction is that these two are tied to various block chains that’s it so you have Blockchain Domain Registry

 

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 developed and you have a bit more services and functions developed 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 personalized crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain clearly with time as like we have actually decentralized web host develop in time it will be possible to use like a decentralized domain 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 quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals connect with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than conventional domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some concern as to whether Unstoppable Domains will accomplish widespread adoption.

Some domains are still pre-sale just.

What is Unstoppable Domains?

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

In this way they have succeeded significantly, as they have created a domain system that enables users to set up payments for 276 digital possessions under a single domain, while also having the ability to be used as a completely operating website that can even have actually dApps developed onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment costs, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

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

It is two times as safe since this likewise implies that the domain can not be obstructed by anybody aside from you, so your website is never ever at risk of being down due to censorship. The website for buying the domains is safe too and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a two primary elements, though it should be kept in mind that acquiring 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 range from $20 USD to well over $1000 USD depending upon 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 extra. In addition, there are exceptional domains that cost tens of thousands.

The next aspect is the gas costs connected with using the Ethereum blockchain to claim your domain, due to the fact that the domains are saved on the Ethereum blockchain, the transaction to claim them comes in ETH and is not consisted of in your preliminary purchase. The gas costs you will pay will depend upon the present cost of ETH and the network congestion 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 few features of Unstoppable Domains that stand apart. The reality that it is a one-time purchase with no annual renewal is very enticing thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone other than the owner.

The domains likewise have more performance than standard domains because they can be utilized to a payment router, however also utilized to create sites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of wise agreements on your site. Blockchain Domain Registry

Possibly the best and most enticing function of Unstoppable Domains is that is supplies you a way to have one address for you to receive 276 different crypto properties, meaning when you set it up you will only 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 only for you, but for anybody who you want to receive funds from.

 

Possible Dealbreakers.

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

This might only be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to acquire some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas fees. However, this is a one-time transaction charge, and unless you decide to sell/transfer your domain to another person it will be the extra cost related to getting your domain.