Crypto Domain Expert | Easy Crypto

Unstoppable domain names is a san francisco-based business…Crypto Domain Expert… that is offering domain name extensions that are connected to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is tied 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 name extensions is simply that they are decentralized so the dns system is managed and operated by icann so anything constantly needs approval from that governing body but 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 kind of approval or authorization you as the owner own your domain so in this video i wish to explain to you everything that you need to know as a novice about unstoppable domain make sure to inspect the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain name registration actually work i think

individuals are going to be rather surprised that it’s way more technical and complex than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not really buying the domain name what you’re doing is you’re releasing the domain name through a icann licensed domain register why do i state i can certify since you can’t get your domain directly from i can which is again the nonprofit organization that manages the dns system you need to go through an icann licensed domain name register in order to get a domain name which’s simply how it works like you’re like why do i have to do that i don’t know why asking me those are just the rules which’s what people have been providing for the last couple of decades in order to get a domain so that’s why you require to pay a yearly charge on your domain names because you’re not actually purchasing 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 windows registry that handles that domain name extension which is then absolutely 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 Domain Expert

is a verisign for instance so all these different domain extensions have various computer registries and the role of the computer registry is simply to manage the administrative information for that particular domain nft domain versus the traditional dns system what’s the distinction well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain windows registries then you have your icann accredited domain 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 just a piece of data found 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 already kind of understand why because those are managed by verisign which is a domain pc registry which is handled by icann that becomes part of the dns system that’s why you can’t get those types of domain 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 tape-recording this video the primary distinction is that these 2 are tied to different block chains that’s it so you have Crypto Domain Expert

https://www.youtube.com/watch?v=2HNAaf6rIec

 

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 features and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill however functionally speaking they are the same personalized crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain clearly over time as like we have actually decentralized webhosting develop gradually it will be possible to utilize like a decentralized domain name and a decentralized web host to create your own decentralized website presently it’s not truly possible i mean you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people engage with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than traditional domains.

Supports 276 crypto assets.

Cons.

Need to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will attain extensive adoption.

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a need for it to be much easier for users to communicate with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered location, so users did not have to find out IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually succeeded significantly, as they have developed a domain system that allows users to set up payments for 276 digital assets under a single domain name, while also having the ability to be utilized as a fully functioning site that can even have actually dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe since once declared the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.

It is twice as safe due to the fact that this likewise indicates that the domain can not be obstructed by anybody aside from you, so your website is never ever at risk of being down due to censorship. The website for acquiring the domains is safe as well and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 primary aspects, though it should be kept in mind that purchasing 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 range from $20 USD to well over $1000 USD depending on the domain you select, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing additional. In addition, there are premium domains that cost 10s of thousands.

The next element is the gas charges related to utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are stored on the Ethereum blockchain, the transaction to declare them is available in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend upon the current expense of ETH and the network blockage 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 Best Features of Unstoppable Domains?

There are a couple of features of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any annual renewal is very attractive considering the way traditional 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 also have more performance than standard domains since they can be utilized to a payment router, however likewise utilized to produce sites with dApps developed straight on them because they exist on the blockchain, allowing the use of wise agreements on your website. Crypto Domain Expert

Maybe the very best and most attractive feature of Unstoppable Domains is that is provides you a way to have one address for you to get 276 various crypto possessions, implying when you set it up you will only ever require to understand your domain and your payments will be routed to the wallets you established 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

 

Potential Dealbreakers.

There is only one genuine potential dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.

This may only be a dealbreaker because 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 charges. Nevertheless, this is a one-time deal fee, and unless you choose to sell/transfer your domain to another person it will be the extra charge connected with getting your domain.