Buy Domain Using Crypto | Easy Crypto

Unstoppable domain names is a san francisco-based company…Buy Domain Using Crypto… that is providing domain name 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 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 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 upon the blockchain and they are just entirely decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or authorization you as the owner own your domain so in this video i want to discuss to you everything that you require to called a novice about unstoppable domain ensure to inspect the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration actually work i think

people are going to be rather shocked 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 what you’re doing is you’re launching the domain through a icann accredited domain name register why do i say i can certify due to the fact that you can’t get your domain directly from i can which is once again the nonprofit organization that handles the dns system you have to go through an icann certified domain name register in order to get a domain which’s simply how it works like you resemble why do i have to do that i don’t understand why asking me those are just the guidelines and that’s what people have actually been doing for the last few years in order to get a domain name so that’s why you need to pay an annual cost on your domain names since 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 windows registry that handles that domain extension which is then absolutely handled and arranged by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension

Is unstoppable domains on Ethereum? Buy Domain Using Crypto

is a verisign for example so all these various domain extensions have various registries and the role of the registry is just to handle the administrative data for that particular domain nft domain versus the standard dns system what’s the distinction 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 licensed domain 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 specifically mean a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents an unique digital product in this instance our domain names dot crypto versus dot zill what’s the difference with these two so if you leap 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 ought to currently kind of know why since those are handled by verisign which is a domain computer registry which is handled 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 only get blockchain based domain today they only have a dot crypto in dot zo at the time of taping this video the main difference is that these two are tied to various block chains that’s it so you have Buy Domain Using Crypto

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

 

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 industrialized and you have a bit more functions and services constructed around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill however functionally speaking they are the same individualized crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain obviously over time as like we have decentralized web host establish gradually it will be possible to use like a decentralized domain and a decentralized web host to produce your own decentralized website currently 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 saved in your wallet.

More performance than traditional domains.

Supports 276 crypto assets.

Cons.

Need to invest ETH to claim domain.

Still some question regarding 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 current CEO, who saw a need for it to be simpler for users to connect with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered into place, 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 actually created a domain system that allows users to establish payments for 276 digital properties under a single domain name, while also being able to be used as a totally working website that can even have actually dApps developed onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment costs, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe because when declared the domains exist under your address on blockchain, suggesting they are as safe and secure as the blockchain itself.

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

How Much is Unstoppable Domains?

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

The first factor is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you choose, as expense is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.

The next factor is the gas fees associated with using the Ethereum blockchain to claim your domain, because the domains are kept on the Ethereum blockchain, the deal to claim them is available in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend upon the present expense of ETH and the network congestion at the time of the deal. In general you can get 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 features of Unstoppable Domains that stand out. The truth that it is a one-time purchase with no annual renewal is exceptionally attractive considering the way traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anyone besides the owner.

The domains likewise have more functionality than traditional domains because they can be used to a payment router, however also used to create websites with dApps built directly on them since they exist on the blockchain, allowing the use of smart agreements on your site. Buy Domain Using Crypto

Maybe the very best and most appealing function of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 various crypto possessions, indicating 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 only for you, but for anybody who you wish to get funds from.

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

 

Possible Dealbreakers.

There is only one genuine prospective dealbreaker when it comes to utilizing Unstoppable Domains, which is the expense 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. This is a one-time deal fee, and unless you choose to sell/transfer your domain to somebody else it will be the extra fee associated with getting your domain.