Unstoppable domain is a san francisco-based company….Crypto Domain Extension… that is offering domain name extensions that are tied to the blockchain instead of being connected 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 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 controlled and run by icann so anything constantly needs approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply totally decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or consent you as the owner own your domain so in this video i want to discuss to you whatever that you require to referred to as a beginner about unstoppable domain make sure to inspect the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain name registration in fact work i believe
individuals are going to be rather surprised that it’s method more complicated and technical than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not in fact buying the domain what you’re doing is you’re launching the domain through a icann licensed domain name register why do i state i can certify since you can’t get your domain names straight from i can which is once again the nonprofit organization that handles the dns system you have to go through an icann licensed 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 and that’s what people have been providing for the last few decades in order to get a domain so that’s why you require to pay an annual charge on your domain since you’re not really buying an owning domain 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 computer registry that handles that domain extension which is then completely handled 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 Domain Extension
is a verisign for example so all these various domain extensions have various pc registries and the role of the computer registry is just to manage the administrative data for that specific domain nft domain names versus the standard dns system what’s the difference well the conventional dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain 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 change it but like what does that particularly mean a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a special digital item in this instance our domain names dot crypto versus dot zill what’s the distinction with these two so if you jump 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 since those are managed by verisign which is a domain name 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 today they only have a dot crypto in dot zo at the time of taping this video the primary difference is that these 2 are connected to different block chains that’s it so you have .Crypto Domain Extension
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 services and features built around uh at the ethereum blockchain with a dot crypto domain than you finish 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 primary feature of unstoppable domain names clearly in 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 webhosting to develop your own decentralized website currently it’s not actually possible i suggest you can do it but it’s quite technical uh.
One-time purchase of domain.
Simplifies method which people interact with crypto addresses.
Censor resistant domain kept in your wallet.
More functionality than conventional domains.
Supports 276 crypto assets.
Need to spend ETH to claim domain.
Still some question as to whether Unstoppable Domains will achieve widespread 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 requirement for it to be easier for users to communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered into location, so users did not need to discover IP addresses in order to get to websites, except for crypto addresses.
In this way they have actually prospered significantly, as they have produced a domain system that permits users to set up payments for 276 digital properties under a single domain, while likewise having the ability to be used as a fully working site that can even have actually dApps built onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly 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 two times as safe since this also implies that the domain can not be blocked by anybody other than 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 protected with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a two main factors, though it ought to be noted that purchasing a domain is a one-time expense 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 upon the domain you select, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.
The next aspect is the gas costs associated with utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are kept on the Ethereum blockchain, the transaction to claim them comes in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend on the current expense of ETH and the network congestion at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the very best Functions of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stand apart. The fact that it is a one-time purchase with no annual renewal is incredibly appealing thinking about the method standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody besides the owner.
The domains also have more functionality than conventional domains because they can be used to a payment router, but also used to produce sites with dApps constructed straight on them because they exist on the blockchain, allowing the use of clever contracts on your website. .Crypto Domain Extension
Perhaps the best and most appealing feature of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 various crypto assets, suggesting once you set it up you will only ever require to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not only for you, but for anyone who you wish to receive funds from.
There is only one genuine potential dealbreaker when it comes to using Unstoppable Domains, which is the cost of claiming your domain with Ethereum.
This may just be a dealbreaker since you do not have any Ethereum at your address and need to acquire 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 fee, and unless you choose to sell/transfer your domain to somebody else it will be the additional charge associated with getting your domain.