Crypto Gas Fees | Easy Crypto

Unstoppable domain is a san francisco-based business…Crypto Gas Fees… that is providing domain 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 connected to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain name 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 however something like a dot crypto or zillow these are based upon the blockchain and they are just completely decentralized so there’s no governing body there’s nothing that needs any type of approval or authorization you as the owner own your domain so in this video i wish to explain to you whatever that you require to referred to as a novice about unstoppable domain names ensure to check the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration in fact work i believe

individuals are going to be quite surprised that it’s way more complicated and technical than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain name what you’re doing is you’re releasing the domain through a icann accredited domain register why do i say i can accredit due to the fact that you can’t get your domain names directly from i can which is again the nonprofit organization that handles the dns system you have to go through an icann licensed domain register in order to get a domain name and that’s just 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 rules which’s what people have actually 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 due to the fact that you’re not in fact purchasing an owning domain 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 registry that manages that domain 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 Gas Fees

is a verisign for example so all these different domain extensions have various computer registries and the role of the computer registry is just to handle the administrative information for that specific domain name nft domain names versus the traditional dns system what’s the distinction well the traditional dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain windows registries then you have your icann licensed domain name 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 imply a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a distinct digital product in this circumstances our domain names dot crypto versus dot zill what’s the distinction with these 2 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 should currently kind of understand why because those are managed by verisign which is a domain name windows registry which is handled by icann that’s part of the dns system that’s why you can’t get those types of domain names through unstoppable domain you can only get blockchain based domain names today they only have a dot crypto in dot zo at the time of recording this video the primary distinction is that these 2 are connected to different block chains that’s it so you have Crypto Gas Fees

https://www.youtube.com/watch?v=2HNAaf6rIec

 

your dot crypto which is tied 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 little bit more services and functions constructed 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 customized crypto addresses that can be established as a payment gateway so this is the primary feature of unstoppable domain names certainly over time as like we have decentralized web host establish gradually it will be possible to utilize like a decentralized domain and a decentralized web host to produce your own decentralized site currently it’s not actually possible i imply you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which people engage with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than conventional domains.

Supports 276 crypto assets.

Cons.

Have to spend ETH to claim domain.

Still some question 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 existing CEO, who saw a need for it to be easier for users to connect with crypto addresses. The goal 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 websites, except for crypto addresses.

In this way they have been successful greatly, as they have actually created a domain system that permits users to establish payments for 276 digital possessions under a single domain, while also having the ability to be used as a completely operating site that can even have dApps built 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 appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe since when claimed the domains exist under your address on blockchain, implying they are as secure as the blockchain itself.

It is two times as safe since this also suggests that the domain can not be obstructed by anyone besides you, so your website is never ever at risk of being down due to censorship. The site for purchasing the domains is safe as well and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two main factors, though it ought to be kept in mind that buying a domain is a one-time cost 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 pick, as cost 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 factor is the gas charges related to utilizing the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the deal to claim them can be found in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend on the current cost 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 overall.

What Are the Best Features of Unstoppable Domains?

There are a couple of features of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any annual renewal is very enticing considering the method standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone besides the owner.

The domains likewise have more functionality than standard domains because they can be utilized to a payment router, however also used to develop websites with dApps developed straight on them because they exist on the blockchain, allowing the use of wise contracts on your site. Crypto Gas Fees

Maybe the best and most appealing feature of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 different crypto possessions, suggesting once you set it up you will just ever require to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not only for you, but for anybody who you wish to receive funds from.

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

 

Prospective Dealbreakers.

There is only one real potential dealbreaker when it concerns utilizing Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.

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