Crypto Domain Endings | Easy Crypto

Unstoppable domain is a san francisco-based company…Crypto Domain Endings… that is providing domain name extensions that are tied to the blockchain instead of being connected to the dns system specifically 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 just that they are decentralized so the dns system is managed and run 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 completely decentralized so there’s no governing body there’s absolutely nothing that needs any kind of approval or authorization you as the owner own your domain so in this video i wish to describe to you whatever that you require to referred to as a newbie about unstoppable domain make sure to check the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain name registration really work i think

individuals are going to be rather stunned 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 really purchasing the domain name what you’re doing is you’re launching the domain name through a icann accredited domain register why do i say i can license because you can’t get your domain names straight from i can which is again the nonprofit company that manages the dns system you need to go through an icann accredited domain register in order to get a domain name and that’s simply how it works like you’re like why do i need to do that i don’t know why asking me those are simply the guidelines which’s what people have 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 names because you’re not in fact buying 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 windows registry for that extension

Is unstoppable domains on Ethereum? Crypto Domain Endings

is a verisign for instance so all these various domain extensions have various windows registries and the function of the pc registry is just to handle the administrative information for that specific domain name nft domain versus the traditional dns system what’s the difference well the standard dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain windows 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 however like what does that particularly indicate a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a distinct digital product in this instance our domain names dot crypto versus dot zill what’s the distinction with these two 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 should already type of know why because those are managed by verisign which is a domain name pc registry which is managed 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 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 distinction is that these 2 are connected to different block chains that’s it so you have Crypto Domain Endings

 

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 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 webhosting develop with time it will be possible to utilize like a decentralized domain name and a decentralized web host to develop your own decentralized website presently it’s not really possible i imply you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than traditional domains.

Supports 276 crypto possessions.

Cons.

Need to invest ETH to claim domain.

Still some concern as to 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 requirement for it to be much easier for users to communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered location, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.

In this manner they have actually prospered greatly, as they have developed 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 fully functioning site that can even have dApps developed onto them since 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 very safe due to the fact that when declared the domains exist under your address on blockchain, meaning they are as protected as the blockchain itself.

It is two times as safe since this likewise indicates 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 buying 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 two main factors, though it should be noted that purchasing a domain is a one-time expense and needs no yearly renewals of any sort.

The first element 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 expense is based upon 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 aspect is the gas fees associated with using the Ethereum blockchain to declare your domain, since the domains are stored on the Ethereum blockchain, the transaction to declare them is available in ETH and is not included in your initial purchase. The gas fees you will pay will depend on the current cost of ETH and the network congestion at the time of the deal. In general you can get most 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 features of Unstoppable Domains that stand apart. The reality that it is a one-time purchase with no annual renewal is exceptionally enticing thinking about the method standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody aside from the owner.

The domains likewise have more performance than traditional domains since they can be utilized to a payment router, but likewise used to create sites with dApps developed straight on them since they exist on the blockchain, allowing the use of wise contracts on your site. Crypto Domain Endings

Maybe the best and most enticing function of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 different crypto assets, meaning once you set it up you will only ever need to know 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 anyone who you want to get funds from.

 

Possible Dealbreakers.

There is only one genuine possible dealbreaker when it concerns using Unstoppable Domains, which is the cost of claiming your domain with Ethereum.

This might just 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 think it is unreasonable to pay the gas charges. This is a one-time deal cost, and unless you decide to sell/transfer your domain to somebody else it will be the extra charge associated with getting your domain.