Crypto Etf | Easy Crypto

Unstoppable domain is a san francisco-based business…Crypto Etf… that is providing domain extensions that are connected 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 extension which is tied to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain extensions is simply that they are decentralized so the dns system is managed and run by icann so anything constantly requires approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are just entirely decentralized so there’s no governing body there’s nothing that requires any kind of approval or approval you as the owner own your domain name so in this video i want to discuss to you whatever that you require to referred to as a novice about unstoppable domain ensure to check the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain name registration actually work i believe

individuals are going to be quite shocked that it’s method more technical and complicated than you imagined 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 releasing the domain name through a icann accredited domain name register why do i say i can accredit because you can’t get your domain names directly from i can which is again the nonprofit company that manages the dns system you have to go through an icann accredited domain register in order to get a domain name which’s simply how it works like you resemble why do i have to do that i do not know why asking me those are simply the guidelines and that’s what people have been providing for the last couple of decades in order to get a domain name so that’s why you need to pay an annual charge on your domain names because you’re not in fact 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 windows 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 computer system registry for that extension

Is unstoppable domains on Ethereum? Crypto Etf

is a verisign for instance so all these different domain name extensions have various computer registries and the function of the computer registry is simply to handle the administrative information for that specific domain name nft domain names versus the traditional dns system what’s the difference 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 computer registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it however 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 distinct digital product in this instance our domain 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 type of know why since those are handled by verisign which is a domain name computer registry which is handled by icann that belongs to the dns system that’s why you can’t get those types of domain through unstoppable domain names you can just get blockchain based domain names right now they only have a dot crypto in dot zo at the time of tape-recording this video the main difference is that these two are tied to various block chains that’s it so you have Crypto Etf

 

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 industrialized and you have a bit more services and functions developed around uh at the ethereum blockchain with a dot crypto domain name than you finish with a dot zill however functionally speaking they are the same customized crypto addresses that can be established as a payment gateway so this is the primary function of unstoppable domain names obviously with time as like we have decentralized webhosting develop over time it will be possible to use like a decentralized domain name and a decentralized webhosting to create your own decentralized website currently it’s not actually possible i suggest you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals interact with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than conventional domains.

Supports 276 crypto properties.

Cons.

Have to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will achieve widespread 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 need for it to be easier for users to communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that came into place, so users did not have to find out IP addresses in order to get to websites, except for crypto addresses.

In this manner they have actually prospered greatly, as they have created a domain system that allows users to set up payments for 276 digital possessions under a single domain, while likewise having the ability to be utilized as a completely working site that can even have dApps built 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 exceptionally safe since once declared the domains exist under your address on blockchain, implying they are as protected as the blockchain itself.

It is two times as safe because this also means that the domain can not be blocked by anybody aside from you, so your site is never at risk of being down due to censorship. The website for buying the domains is safe also and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon 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 very first aspect is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you choose, 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 superior domains that cost tens of thousands.

The next aspect is the gas costs associated with utilizing the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the transaction to claim them is available in ETH and is not included in your preliminary purchase. The gas costs you will pay will depend upon the existing cost of ETH and the network blockage at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the very best Functions of Unstoppable Domains?

There are a few features of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no annual renewal is incredibly attractive considering the way traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anyone other than the owner.

The domains also have more functionality than standard domains due to the fact that they can be used to a payment router, however also used to produce sites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of smart agreements on your site. Crypto Etf

Perhaps the very best and most enticing function of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 different crypto possessions, indicating when 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 much easier not just for you, but for anybody who you wish to receive funds from.

 

Prospective Dealbreakers.

There is only one genuine potential dealbreaker when it concerns using Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.

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