Crypto.Com Exchange | Easy Crypto

Unstoppable domain is a san francisco-based company…Crypto.Com Exchange… that is providing domain extensions that are connected to the blockchain instead of being tied 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 extension which is connected to the silica blockchain which is an alternative to ethereum the advantage 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 constantly requires approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are simply entirely decentralized so there’s no governing body there’s nothing that needs any type of approval or authorization you as the owner own your domain so in this video i wish to discuss to you whatever that you need to called a newbie about unstoppable domain names ensure to inspect the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain registration in fact work i believe

people are going to be rather stunned that it’s method more complex and technical than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact buying the domain what you’re doing is you’re releasing the domain name through a icann certified domain register why do i say i can license since you can’t get your domain names directly from i can which is once again the not-for-profit organization that handles the dns system you have to go through an icann accredited domain register in order to get a domain name and that’s just how it works like you resemble why do i have to do that i do not understand why asking me those are just the guidelines and that’s what individuals have been doing for the last few years in order to get a domain name so that’s why you need to pay a yearly charge on your domain since you’re not actually buying an owning domain name what you’re doing is leasing 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 manages that domain name extension which is then totally managed and organized by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension

Is unstoppable domains on Ethereum? Crypto.Com Exchange

is a verisign for instance so all these various domain extensions have different registries and the function of the computer system registry is just to handle the administrative data for that particular domain name nft domain names versus the standard dns system what’s the distinction well the standard dns system is a centralized system as i alluded to earlier based around icann so you have 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 significance like you can’t jump in and change it but like what does that specifically indicate a non-fungible token is simply a piece of data discovered on a blockchain that is verifiable and represents a special digital item in this circumstances our domain names dot crypto versus dot zill what’s the difference with these 2 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 currently type of understand why due to the fact that those are handled by verisign which is a domain computer system registry which is managed by icann that belongs to the dns system that’s why you can’t get those types of domain through unstoppable domain names you can only get blockchain based domain names today they just have a dot crypto in dot zo at the time of recording this video the main difference is that these 2 are tied to different block chains that’s it so you have Crypto.Com Exchange

 

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 little bit more features and services built around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill but functionally speaking they are the same tailored crypto addresses that can be established as a payment gateway so this is the main function of unstoppable domain names undoubtedly in time as like we have actually decentralized webhosting establish gradually it will be possible to use like a decentralized domain and a decentralized webhosting to produce your own decentralized website currently it’s not truly possible i mean you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals engage with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than traditional domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will attain prevalent 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 easier for users to engage with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into place, so users did not need to find out IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually succeeded considerably, as they have produced a domain system that enables users to set up payments for 276 digital assets under a single domain, while likewise having the ability to be used as a completely working website that can even have dApps constructed onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal fees, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe because as soon as claimed the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.

It is doubly safe because this also indicates that the domain can not be blocked by anyone other than you, so your site is never at risk of being down due to censorship. The site for acquiring the domains is safe too and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a 2 primary aspects, though it must be noted that buying a domain is a one-time cost 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 choose, as cost is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing additional. In addition, there are superior domains that cost 10s of thousands.

The next element is the gas costs related to using the Ethereum blockchain to claim your domain, since the domains are kept on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend on the present expense 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 overall.

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 incredibly appealing considering the way traditional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anybody besides the owner.

The domains also have more functionality than standard domains due to the fact that they can be utilized to a payment router, but likewise used to create websites with dApps developed directly on them since they exist on the blockchain, allowing the use of smart agreements on your site. Crypto.Com Exchange

Possibly the best and most appealing feature of Unstoppable Domains is that is supplies you a method to have one address for you to get 276 various crypto properties, suggesting when you set it up you will just 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 only for you, but for anybody who you wish to receive funds from.

 

Potential 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 might only be a dealbreaker since you do not have any Ethereum at your address and need to purchase some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas fees. Nevertheless, this is a one-time deal fee, and unless you decide to sell/transfer your domain to somebody else it will be the additional cost connected with getting your domain.