Can I Shapeshift Namecoin? | Easy Crypto

Unstoppable domain names is a san francisco-based business…Can I Shapeshift Namecoin?… that is providing domain name extensions that are connected to the blockchain instead of being tied to the dns system particularly you can get a dot crypto which is tied to the ethereum blockchain or you can get a zillow domain extension which is connected to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and operated by icann so anything constantly needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are simply totally decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or permission you as the owner own your domain so in this video i wish to explain to you whatever that you require to know as a novice about unstoppable domain names make sure 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 name registration in fact work i think

individuals are going to be rather surprised that it’s method more complex 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 what you’re doing is you’re launching the domain through a icann licensed domain name register why do i say i can license since you can’t get your domain directly from i can which is once again the not-for-profit company that manages the dns system you need to go through an icann certified domain name register in order to get a domain and that’s simply how it works like you resemble why do i need to do that i don’t know why asking me those are just the guidelines which’s what individuals have actually been doing for the last couple of years in order to get a domain so that’s why you need to pay a yearly cost on your domain names due to the fact that 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 computer system registry that manages that domain name extension which is then totally handled 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? Can I Shapeshift Namecoin?

is a verisign for example so all these different domain name extensions have various windows registries and the function of the computer system registry is simply to manage the administrative data for that specific domain name nft domain names versus the conventional 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 windows registries then you have your icann certified domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it however like what does that particularly indicate 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 instance our domain names dot crypto versus dot zill what’s the difference with these 2 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 ought to already type of know why since those are managed by verisign which is a domain 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 you can only get blockchain based domain names right now they just have a dot crypto in dot zo at the time of taping this video the main difference is that these 2 are connected to different block chains that’s it so you have Can I Shapeshift Namecoin?

 

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 bit more functions and services 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 tailored crypto addresses that can be set up as a payment gateway so this is the main function of unstoppable domain undoubtedly in time as like we have decentralized webhosting develop with time it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized site presently it’s not actually possible i indicate you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which people connect with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than conventional domains.

Supports 276 crypto properties.

Cons.

Have to spend ETH to claim domain.

Still some question regarding whether Unstoppable Domains will achieve extensive adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be simpler for users to engage 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 find out IP addresses in order to get to websites, except for crypto addresses.

In this way they have prospered considerably, as they have actually developed a domain system that enables users to establish payments for 276 digital possessions under a single domain, while also having the ability to be utilized as a fully functioning site that can even have dApps developed onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal charges, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe due to the fact that once declared the domains exist under your address on blockchain, indicating they are as protected as the blockchain itself.

It is twice as safe due to the fact that this likewise implies that the domain can not be obstructed by anybody aside from you, so your site is never ever at risk of being down due to censorship. The website for acquiring the domains is safe also and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

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

The very first factor is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you pick, 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 exceptional domains that cost tens of thousands.

The next aspect is the gas costs associated with utilizing the Ethereum blockchain to claim your domain, because the domains are kept on the Ethereum blockchain, the deal to declare them comes in ETH and is not included in your initial purchase. The gas charges 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 likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the Best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand out. The truth that it is a one-time purchase without any annual renewal is incredibly enticing considering the way conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anyone besides the owner.

The domains likewise have more functionality than conventional domains because they can be utilized to a payment router, but also utilized to produce websites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of clever contracts on your website. Can I Shapeshift Namecoin?

Possibly the best and most appealing feature of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 different crypto possessions, indicating once you set it up you will just ever need to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not just for you, but for anyone who you wish to get funds from.

 

Possible Dealbreakers.

There is only one real potential dealbreaker when it comes to utilizing Unstoppable Domains, and that is the expense of claiming your domain with Ethereum.

This may only be a dealbreaker because you do not have any Ethereum at your address and need to buy some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas costs. This is a one-time transaction fee, and unless you choose to sell/transfer your domain to somebody else it will be the additional charge associated with getting your domain.