Cisco Crypto Domains | Easy Crypto

Unstoppable domain is a san francisco-based business…Cisco Crypto Domains… that is supplying domain 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 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 managed and run by icann so anything always 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 nothing that requires any kind of approval or approval you as the owner own your domain so in this video i wish to explain to you whatever that you need to called a novice about unstoppable domain 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 actually work i believe

individuals are going to be rather shocked that it’s method more complicated and technical than you imagined 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 launching the domain through a icann accredited domain register why do i state i can certify because you can’t get your domain straight from i can which is again the nonprofit organization that manages the dns system you have to go through an icann accredited domain register in order to get a domain which’s simply how it works like you’re like why do i need to do that i do not understand why asking me those are simply the guidelines and that’s what individuals have actually been providing for the last couple of years in order to get a domain name so that’s why you require to pay an annual fee on your domain names because you’re not in fact buying an owning domain name 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 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? Cisco Crypto Domains

is a verisign for example so all these different domain extensions have various computer registries and the role of the pc registry is simply to handle the administrative data for that specific domain nft domain versus the standard 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 licensed domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it but like what does that specifically imply a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents an unique 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 need to currently sort of know why due to the fact that those are managed 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 names through unstoppable domain names you can just get blockchain based domain names right now they just have a dot crypto in dot zo at the time of recording this video the main distinction is that these 2 are connected to different block chains that’s it so you have Cisco Crypto Domains

 

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 services and functions developed 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 tailored crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain names clearly gradually as like we have actually decentralized webhosting establish with time it will be possible to utilize like a decentralized domain name and a decentralized web host to create your own decentralized site currently it’s not truly possible i mean you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals engage with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than standard domains.

Supports 276 crypto assets.

Cons.

Have to invest ETH to claim domain.

Still some concern as to whether Unstoppable Domains will achieve 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 requirement for it to be simpler for users to connect with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered place, so users did not need to learn IP addresses in order to get to sites, except for crypto addresses.

In this manner they have actually succeeded significantly, as they have actually created a domain system that enables users to establish payments for 276 digital possessions under a single domain name, while also being able to be utilized as a completely working site that can even have actually dApps built onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment charges, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

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

It is two times as safe because this also implies that the domain can not be blocked by anybody other than you, so your site is never at risk of being down due to censorship. The site for buying the domains is safe as well and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a two primary factors, though it should be kept in mind that acquiring a domain is a one-time cost and needs no annual renewals of any sort.

The first aspect is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you pick, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing additional. In addition, there are exceptional domains that cost tens of thousands.

The next factor is the gas fees connected with using the Ethereum blockchain to declare your domain, due to the fact that the domains are stored on the Ethereum blockchain, the transaction to claim them comes 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 blockage at the time of the deal. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very best Functions of Unstoppable Domains?

There are a couple of features of Unstoppable Domains that stick out. The truth that it is a one-time purchase without any annual renewal is exceptionally attractive thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anyone besides the owner.

The domains likewise have more performance than traditional domains because they can be utilized to a payment router, but also utilized to create websites with dApps built directly on them because they exist on the blockchain, allowing the use of clever agreements on your website. Cisco Crypto Domains

Perhaps the best and most appealing feature of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 different crypto properties, indicating once you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is simpler not only for you, but for anybody who you wish to get funds from.

 

Prospective Dealbreakers.

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

This might only be a dealbreaker because you do not have any Ethereum at your address and require to buy some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas costs. This is a one-time deal cost, and unless you decide to sell/transfer your domain to someone else it will be the extra charge associated with getting your domain.