Crypto Games | Easy Crypto

Unstoppable domain names is a san francisco-based business…Crypto Games… that is providing domain extensions that are tied to the blockchain instead of being tied 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 just that they are decentralized so the dns system is managed and run by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just entirely 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 whatever that you need to referred to as a beginner about unstoppable domain make certain to examine 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

people are going to be quite 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 certified domain name register why do i say i can certify because you can’t get your domain directly from i can which is again the nonprofit company that handles the dns system you need to go through an icann accredited domain name register in order to get a domain name which’s simply how it works like you’re like why do i need to do that i do not understand why asking me those are simply the rules and that’s what people have been providing for the last few decades in order to get a domain so that’s why you need to pay a yearly fee on your domain due to the fact that you’re not really buying an owning domain name what you’re doing is leasing 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 manages that domain name extension which is then absolutely handled and arranged by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension

Is unstoppable domains on Ethereum? Crypto Games

is a verisign for example so all these various domain extensions have different computer registries and the function of the pc registry is just to manage the administrative data for that particular domain name nft domain names versus the standard dns system what’s the difference well the standard dns system is a centralized system as i alluded to earlier based around icann so you have actually icann you have your domain windows registries then you have your icann certified 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 specifically indicate a non-fungible token is simply a piece of data found 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 difference with these 2 so if you jump over to unstoppabledomainnames.com link in the description you’re going to find out that you can’t geta.com.net.org why well you can’t you need to currently kind of know why due to the fact that those are handled by verisign which is a domain computer registry which is managed by icann that belongs to the dns system that’s why you can’t get those types of domain names through unstoppable domain names you can just get blockchain based domain names today they only have a dot crypto in dot zo at the time of recording this video the main difference is that these two are tied to various block chains that’s it so you have Crypto Games

 

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 little bit more services and features constructed around uh at the ethereum blockchain with a dot crypto domain than you do 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 function of unstoppable domain names clearly with time as like we have actually decentralized webhosting establish with time it will be possible to use like a decentralized domain and a decentralized web host to develop your own decentralized site presently it’s not truly possible i mean you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people connect with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than traditional domains.

Supports 276 crypto possessions.

Cons.

Have to invest ETH to claim domain.

Still some question as to whether Unstoppable Domains will achieve extensive 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 requirement for it to be much easier for users to connect with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to find out IP addresses in order to get to sites, except for crypto addresses.

In this manner they have prospered greatly, as they have actually created a domain system that allows users to establish payments for 276 digital possessions under a single domain name, while likewise having the ability to be used as a totally functioning site that can even have actually dApps developed onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

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

It is doubly safe since this likewise means that the domain can not be blocked by anyone other than you, so your site is never at risk of being down due to censorship. The site for purchasing the domains is safe as well and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a 2 main elements, though it should be kept in mind that purchasing a domain is a one-time cost and requires no annual renewals of any sort.

The very first factor is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you choose, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with shorter domains costing additional. In addition, there are premium domains that cost 10s of thousands.

The next element is the gas charges related to using the Ethereum blockchain to declare your domain, because the domains are saved on the Ethereum blockchain, the deal to claim them comes in ETH and is not included in your initial purchase. The gas costs you will pay will depend upon the present expense of ETH and the network blockage at the time of the deal. Overall 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 reality that it is a one-time purchase with no annual renewal is very enticing thinking about the method standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anybody besides the owner.

The domains likewise have more functionality than conventional domains due to the fact that they can be used to a payment router, but also used to create sites with dApps built directly on them because they exist on the blockchain, allowing the use of clever agreements on your website. Crypto Games

Maybe the very best and most appealing feature of Unstoppable Domains is that is provides you a way to have one address for you to get 276 different crypto possessions, indicating once you set it up you will only ever need 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 anybody who you wish to receive funds from.

 

Possible Dealbreakers.

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

This might just be a dealbreaker because you do not have any Ethereum at your address and need to buy some in order to claim 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 another person it will be the extra cost connected with getting your domain.