Crypto Domain Name | Easy Crypto

Unstoppable domain is a san francisco-based business…Crypto Domain Name… that is providing 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 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 advantage of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and operated by icann so anything always requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply entirely decentralized so there’s no governing body there’s nothing that needs any kind of approval or consent you as the owner own your domain so in this video i wish to describe to you everything that you need to called a newbie about unstoppable domain names ensure to inspect the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration actually 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 somewhere like namecheap.com or godaddy.com you’re not in fact buying the domain what you’re doing is you’re launching the domain name through a icann licensed domain register why do i say i can accredit because you can’t get your domain names directly 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 which’s just how it works like you’re like why do i need to do that i don’t understand why asking me those are just the rules which’s what people have actually been doing for the last few decades in order to get a domain name so that’s why you need to pay a yearly fee on your domain because you’re not actually purchasing 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 totally handled and arranged 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 Name

is a verisign for example so all these different domain extensions have various registries and the role of the computer registry is just to handle the administrative data for that specific domain name nft domain names versus the conventional dns system what’s the distinction well the conventional 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 accredited domain 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 specifically indicate a non-fungible token is simply a piece of data discovered on a blockchain that is verifiable and represents a distinct digital item in this circumstances our domain 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 discover that you can’t geta.com.net.org why well you can’t you should already sort of understand why since those are handled by verisign which is a domain name computer system registry which is handled 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 names today they just have a dot crypto in dot zo at the time of taping this video the primary distinction is that these 2 are connected to different block chains that’s it so you have Crypto Domain Name

 

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 developed and you have a bit more features and services built around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill but functionally speaking they are the same personalized crypto addresses that can be established as a payment gateway so this is the main function of unstoppable domain undoubtedly with time as like we have actually decentralized webhosting develop gradually it will be possible to utilize like a decentralized domain and a decentralized webhosting to develop your own decentralized website currently it’s not actually possible i mean you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than standard domains.

Supports 276 crypto assets.

Cons.

Need to invest ETH to claim domain.

Still some concern as to whether Unstoppable Domains will attain 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 connect with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered place, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually been successful greatly, as they have produced a domain system that permits users to set up payments for 276 digital assets under a single domain name, while also being able to be used as a totally operating site that can even have dApps developed onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe because when declared the domains exist under your address on blockchain, indicating they are as safe as the blockchain itself.

It is doubly safe because this also indicates that the domain can not be obstructed by anyone other than you, so your website is never ever at risk of being down due to censorship. The site for buying the domains is safe as well and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a two main factors, though it must be kept in mind that purchasing a domain is a one-time cost and needs no yearly renewals of any sort.

The very 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 cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain name, with much shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.

The next aspect is the gas charges related to using the Ethereum blockchain to declare your domain, because the domains are kept on the Ethereum blockchain, the deal to declare them is available in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend on the present cost of ETH and the network congestion at the time of the transaction. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very best Features of Unstoppable Domains?

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

The domains likewise have more performance than traditional domains due to the fact that they can be used to a payment router, however likewise used to create sites with dApps built straight on them due to the fact that they exist on the blockchain, allowing the use of smart agreements on your site. Crypto Domain Name

Perhaps the very best and most appealing feature of Unstoppable Domains is that is supplies you a way to have one address for you to receive 276 different crypto possessions, meaning as soon as you set it up you will only ever require to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not just for you, but for anyone who you wish to receive funds from.

 

Potential Dealbreakers.

There is only one real prospective dealbreaker when it pertains to using Unstoppable Domains, and that is the expense of claiming your domain with Ethereum.

This may just be a dealbreaker because you do not have any Ethereum at your address and need to buy some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas costs. This is a one-time deal charge, and unless you decide to sell/transfer your domain to someone else it will be the additional fee associated with getting your domain.