Crypto Domain Auction | Easy Crypto

Unstoppable domain is a san francisco-based company…Crypto Domain Auction… that is offering domain name 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 extension which is connected 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 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 absolutely nothing that needs any type of approval or approval you as the owner own your domain name so in this video i wish to discuss to you everything that you require to called a novice about unstoppable domain names ensure to inspect 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

people are going to be quite stunned that it’s way more complicated and technical than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re launching the domain name 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 names straight from i can which is once again the nonprofit organization that handles the dns system you need to go through an icann accredited domain name register in order to get a domain name and that’s simply how it works like you’re like why do i have to do that i do not know why asking me those are just the guidelines which’s what people have actually been providing for the last few years in order to get a domain so that’s why you require to pay an annual fee on your domain because you’re not actually buying 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 pc registry that manages that domain extension which is then absolutely managed 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? Crypto Domain Auction

is a verisign for instance so all these different domain name extensions have various pc registries and the role of the windows registry is just to handle the administrative information for that specific domain nft domain versus the conventional dns system what’s the difference well the standard dns system is a central system as i alluded to earlier based around icann so you have actually icann you have your domain pc registries then you have your icann accredited 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 suggest a non-fungible token is simply a piece of data 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 jump 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 need to already type of know why because those are managed by verisign which is a domain computer system registry which is managed by icann that becomes part of the dns system that’s why you can’t get those types of domain names through unstoppable domain you can just get blockchain based domain names today they just have a dot crypto in dot zo at the time of recording this video the primary distinction is that these 2 are tied to different block chains that’s it so you have Crypto Domain Auction

 

your dot crypto which is connected to the ethereum blockchain you have your dot zill which is tied to the silica block durian blockchain is way more developed 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 however functionally speaking they are the same tailored crypto addresses that can be established as a payment gateway so this is the primary feature of unstoppable domain clearly over time as like we have decentralized web host develop with time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to develop your own decentralized site presently it’s not really possible i imply you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which people communicate with crypto addresses.

Censor resistant domain stored in your wallet.

More performance than standard domains.

Supports 276 crypto properties.

Cons.

Need to spend ETH to claim domain.

Still some question as to whether Unstoppable Domains will accomplish prevalent 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 communicate with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to discover IP addresses in order to get to sites, except for crypto addresses.

In this manner they have actually succeeded considerably, as they have produced a domain system that permits users to establish payments for 276 digital assets under a single domain, while also having the ability to be used as a totally operating website that can even have dApps developed onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment charges, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

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

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

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a two main factors, though it must be noted that purchasing a domain is a one-time cost and requires 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 pick, as expense is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing additional. In addition, there are exceptional domains that cost 10s of thousands.

The next aspect is the gas charges associated with utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are stored on the Ethereum blockchain, the deal to claim them is available in ETH and is not consisted of in your initial purchase. The gas costs you will pay will depend on the present 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 total.

What Are the Best Functions of Unstoppable Domains?

There are a few features of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no annual renewal is exceptionally appealing thinking about the method conventional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone other than the owner.

The domains also have more performance than traditional domains since they can be utilized to a payment router, but also used to develop websites with dApps built straight on them because they exist on the blockchain, allowing the use of clever agreements on your site. Crypto Domain Auction

Maybe the best and most enticing feature of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto properties, 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 established for each cryptocurrency. It is easier not just for you, but for anyone who you want to receive funds from.

 

Prospective Dealbreakers.

There is only one genuine potential dealbreaker when it comes to using Unstoppable Domains, and that is the expense of declaring 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 think it is unreasonable to pay the gas charges. This is a one-time transaction charge, and unless you decide to sell/transfer your domain to someone else it will be the additional charge associated with getting your domain.