Crypto Domain Name Exchange | Easy Crypto

Unstoppable domain names is a san francisco-based business…Crypto Domain Name Exchange… that is supplying domain extensions that are tied 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 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 operated by icann so anything constantly needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just completely decentralized so there’s no governing body there’s nothing that requires any kind of approval or permission 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 newbie about unstoppable domain make sure to examine the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration really work i think

individuals are going to be quite stunned that it’s method more complex and technical than you pictured so when you go to someplace like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re launching the domain through a icann certified domain register why do i say i can license due to the fact that you can’t get your domain straight from i can which is again the not-for-profit company 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 just how it works like you resemble why do i have to do that i don’t understand why asking me those are simply the guidelines and that’s what people have been doing for the last few years in order to get a domain so that’s why you require to pay an annual cost on your domain names since you’re not actually 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 manages that domain name extension which is then completely handled and organized by icann broadly speaking so like when you get it.com.net.org the registry for that extension

Is unstoppable domains on Ethereum? Crypto Domain Name Exchange

is a verisign for instance so all these various domain name extensions have different pc registries and the role of the computer registry is just to handle the administrative information for that specific domain name nft domain versus the traditional dns system what’s the distinction well the standard dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain pc registries then you have your icann certified domain registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it but like what does that specifically suggest a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents a special digital item in this circumstances our domain 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 discover that you can’t geta.com.net.org why well you can’t you must already sort of understand why because those are handled 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 you can only get blockchain based domain right now they only 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 Name Exchange

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 bit more services and functions constructed 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 personalized crypto addresses that can be set up as a payment gateway so this is the main function of unstoppable domain undoubtedly over time as like we have actually decentralized webhosting develop over 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 connect with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than traditional domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some question as to whether Unstoppable Domains will attain prevalent adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a requirement for it to be simpler for users to engage with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into place, so users did not need to learn IP addresses in order to get to sites, except for crypto addresses.

In this way they have been successful significantly, as they have actually developed a domain system that allows users to establish payments for 276 digital properties under a single domain, while also having the ability to be utilized as a fully working website that can even have actually dApps built onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal charges, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe because as soon as claimed the domains exist under your address on blockchain, meaning they are as secure as the blockchain itself.

It is doubly safe due to the fact that this likewise suggests 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 buying the domains is safe too 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 needs to be kept in mind that acquiring a domain is a one-time cost and requires no yearly renewals of any sort.

The first factor is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending upon 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 much shorter domains costing extra. In addition, there are exceptional domains that cost tens of thousands.

The next element is the gas costs related to utilizing the Ethereum blockchain to declare your domain, since the domains are saved on the Ethereum blockchain, the deal to declare them is available in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend on the present expense 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 total.

What Are the Best Functions of Unstoppable Domains?

There are a few features of Unstoppable Domains that stand apart. The truth that it is a one-time purchase with no yearly renewal is incredibly attractive considering the method conventional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anybody aside from the owner.

The domains likewise have more functionality than standard domains because they can be utilized to a payment router, however also utilized to produce sites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of clever contracts on your website. Crypto Domain Name Exchange

Maybe the very best and most attractive feature of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 various crypto possessions, suggesting as soon as you set it up you will only ever need to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not only for you, but for anybody who you want to receive funds from.

https://www.youtube.com/watch?v=Zm6uZzZwLSg

 

Prospective Dealbreakers.

There is only one genuine potential dealbreaker when it comes to utilizing Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.

This might only be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to buy some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas fees. However, this is a one-time transaction cost, and unless you decide to sell/transfer your domain to someone else it will be the extra cost connected with getting your domain.