Blockchain Technology Domain Names | Easy Crypto

Unstoppable domain names is a san francisco-based company…Blockchain Technology Domain Names… that is offering domain name extensions that are connected to the blockchain instead of being connected to the dns system particularly you can get a dot crypto which is connected to the ethereum blockchain or you can get a zillow domain name extension which is connected 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 requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply completely decentralized so there’s no governing body there’s nothing that requires any type 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 need to referred to as a beginner about unstoppable domain names make sure 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 really work i believe

individuals are going to be rather shocked that it’s method more technical and complex than you thought of 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 licensed domain register why do i state i can license since you can’t get your domain directly from i can which is once again the nonprofit company that manages the dns system you have to go through an icann licensed domain register in order to get a domain name which’s simply how it works like you resemble why do i need to do that i do not understand why asking me those are simply the rules and that’s what individuals have been doing for the last couple of decades in order to get a domain name so that’s why you require to pay an annual charge on your domain names since you’re not really purchasing 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 registry that handles that domain extension which is then completely 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 Technology Domain Names

is a verisign for example so all these various domain extensions have different pc registries and the function of the pc registry is simply to handle the administrative information for that particular domain nft domain versus the conventional dns system what’s the difference well the conventional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain computer system registries then you have your icann accredited domain 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 specifically indicate a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a distinct digital product 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 discover that you can’t geta.com.net.org why well you can’t you should already type of understand why since those are handled by verisign which is a domain name windows registry which is managed by icann that becomes part of the dns system that’s why you can’t get those kinds of domain names 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 recording this video the main difference is that these 2 are tied to various block chains that’s it so you have Blockchain Technology Domain Names

 

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 bit more services and features built around uh at the ethereum blockchain with a dot crypto domain name than you make 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 function of unstoppable domain clearly over time as like we have decentralized web host develop over time it will be possible to use like a decentralized domain name and a decentralized webhosting to create your own decentralized website presently it’s not actually possible i indicate you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which individuals communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than conventional domains.

Supports 276 crypto possessions.

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 present CEO, who saw a requirement for it to be much easier for users to engage with crypto addresses. The objective 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 sites, except for crypto addresses.

In this manner they have been successful greatly, as they have actually created a domain system that enables users to establish payments for 276 digital properties under a single domain name, while likewise having the ability to be utilized as a totally functioning site that can even have actually dApps developed onto them due to the fact that the domain is hosted on the blockchain. With no annual renewal and a single payment costs, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe since when claimed the domains exist under your address on blockchain, indicating they are as secure as the blockchain itself.

It is doubly safe due to the fact that this likewise means that the domain can not be blocked by anybody 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 two main elements, though it ought to be noted that purchasing a domain is a one-time expense and requires no yearly renewals of any sort.

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

The next element is the gas costs related to using the Ethereum blockchain to claim your domain, because the domains are saved on the Ethereum blockchain, the transaction to declare them can be found in ETH and is not consisted of in your preliminary purchase. The gas costs you will pay will depend on the current cost of ETH and the network congestion at the time of the deal. In general you can get most 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 few functions of Unstoppable Domains that stand apart. The reality that it is a one-time purchase without any yearly renewal is incredibly enticing 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 functionality than standard domains since they can be used to a payment router, however likewise utilized to produce websites with dApps constructed directly on them due to the fact that they exist on the blockchain, allowing the use of clever contracts on your website. Blockchain Technology Domain Names

Maybe the very best and most appealing function of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 different crypto possessions, implying 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 simpler not just for you, but for anyone who you wish to get funds from.

 

Prospective Dealbreakers.

There is only one real prospective dealbreaker when it concerns utilizing Unstoppable Domains, and that is the expense 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 require to purchase 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 deal fee, and unless you choose to sell/transfer your domain to another person it will be the additional cost connected with getting your domain.