Crypto-config Domain | Easy Crypto

Unstoppable domain is a san francisco-based company…Crypto-config Domain… that is offering 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 benefit of using these blockchain based domain extensions is just that they are decentralized so the dns system is controlled and run by icann so anything constantly needs approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are just totally decentralized so there’s no governing body there’s absolutely nothing that needs any kind of approval or approval you as the owner own your domain so in this video i wish to describe to you everything that you need to know as a newbie about unstoppable domain ensure to check the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain name registration in fact work i believe

individuals are going to be rather shocked that it’s way more technical and complex than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not really buying 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 because you can’t get your domain names directly from i can which is once again the not-for-profit organization that manages the dns system you need to go through an icann certified domain register in order to get a domain name which’s just how it works like you resemble why do i have to do that i don’t understand why asking me those are just the rules and that’s what people have actually been doing for the last few decades in order to get a domain name so that’s why you need to pay an annual fee on your domain since you’re not in fact purchasing an owning domain name what you’re doing is leasing their domain 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 handles that domain extension which is then absolutely managed and organized by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension

Is unstoppable domains on Ethereum? Crypto-config Domain

is a verisign for example so all these different domain name extensions have different pc registries and the role of the windows registry is just to handle the administrative information for that particular domain name nft domain names versus the traditional 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 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 indicate a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents an unique digital item in this instance our domain dot crypto versus dot zill what’s the distinction with these 2 so if you leap over to unstoppabledomainnames.com link in the description you’re going to find out that you can’t geta.com.net.org why well you can’t you must already sort of understand why because those are managed by verisign which is a domain 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 you can only get blockchain based domain right now they only have a dot crypto in dot zo at the time of recording this video the main difference is that these two are connected to various block chains that’s it so you have Crypto-config Domain

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 little bit more functions and services developed 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 individualized crypto addresses that can be set up as a payment entrance so this is the primary feature of unstoppable domain names undoubtedly with time as like we have actually decentralized web host develop over time it will be possible to use like a decentralized domain name 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 pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which people engage with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than standard domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some concern as to whether Unstoppable Domains will accomplish extensive 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 need for it to be much easier for users to engage with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into location, so users did not need to learn IP addresses in order to get to websites, except for crypto addresses.

In this manner they have been successful greatly, as they have produced a domain system that permits users to set up payments for 276 digital properties under a single domain name, while likewise being able to be used as a totally operating website that can even have actually dApps developed onto them since the domain is hosted on the blockchain. With no annual renewal and a single payment costs, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe due to the fact that as soon as declared the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.

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

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a two main aspects, though it must be kept in mind that acquiring a domain is a one-time expense and needs no annual renewals of any sort.

The very first element is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you choose, 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 superior domains that cost tens of thousands.

The next factor is the gas costs associated with using the Ethereum blockchain to claim your domain, because the domains are stored on the Ethereum blockchain, the transaction to declare them is available in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend on the existing expense of ETH and the network congestion at the time of the deal. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the very best Features of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no yearly renewal is incredibly enticing thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone besides the owner.

The domains likewise have more functionality than traditional domains since they can be utilized to a payment router, however likewise used to develop sites with dApps built straight on them because they exist on the blockchain, allowing the use of wise agreements on your website. Crypto-config Domain

Possibly the best and most attractive function of Unstoppable Domains is that is supplies you a way to have one address for you to get 276 various crypto properties, implying once you set it up you will only ever need to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not only for you, but for anyone 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 pertains to using Unstoppable Domains, which is the cost of declaring 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 declare your domain, or if for some reason you think it is unreasonable to pay the gas fees. This is a one-time transaction cost, and unless you choose to sell/transfer your domain to somebody else it will be the additional cost associated with getting your domain.