Crypto Hardware Wallet | Easy Crypto

Unstoppable domain is a san francisco-based business…Crypto Hardware Wallet… that is supplying domain name extensions that are connected to the blockchain instead of being connected to the dns system particularly 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 name extensions is just that they are decentralized so the dns system is managed and operated by icann so anything constantly requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply totally decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or approval you as the owner own your domain so in this video i want to explain to you everything that you need to referred to as a beginner about unstoppable domain names make sure 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 rather shocked that it’s method more technical and complicated than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain what you’re doing is you’re releasing the domain name through a icann licensed domain register why do i state i can certify since you can’t get your domain names directly from i can which is once again the nonprofit company that handles the dns system you have to go through an icann certified domain register in order to get a domain name which’s simply how it works like you resemble why do i need to do that i don’t understand why asking me those are just the guidelines and that’s what people have been providing for the last couple of years in order to get a domain name so that’s why you need to pay a yearly fee on your domain due to the fact that you’re not really 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 name extension which is then completely managed and organized by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension

Is unstoppable domains on Ethereum? Crypto Hardware Wallet

is a verisign for instance so all these various domain name extensions have different computer registries and the function of the computer system registry is just to handle the administrative data for that specific domain name nft domain versus the conventional dns system what’s the difference well the traditional dns system is a centralized 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 change it but like what does that specifically imply a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a special digital item in this instance our domain names dot crypto versus dot zill what’s the distinction with these 2 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 must already kind of know why because those are handled by verisign which is a domain computer system registry which is handled by icann that’s part of the dns system that’s why you can’t get those types of domain through unstoppable domain you can only get blockchain based domain right now they just have a dot crypto in dot zo at the time of recording this video the main distinction is that these two are connected to various block chains that’s it so you have Crypto Hardware Wallet

 

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 little bit more features and services built 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 set up as a payment gateway so this is the primary feature of unstoppable domain certainly gradually as like we have decentralized web host develop in time it will be possible to use like a decentralized domain and a decentralized webhosting to produce your own decentralized site currently it’s not actually possible i suggest you can do it but 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 traditional domains.

Supports 276 crypto possessions.

Cons.

Need to invest ETH to claim domain.

Still some question as to whether Unstoppable Domains will attain widespread 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 communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into location, so users did not need to find out IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually prospered considerably, as they have produced a domain system that allows users to set up payments for 276 digital possessions under a single domain name, while also having the ability to be used as a fully working website that can even have dApps constructed onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal costs, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe due to the fact that as soon as claimed the domains exist under your address on blockchain, indicating they are as protected as the blockchain itself.

It is twice as safe since this also means that the domain can not be blocked by anyone besides you, so your website is never ever at risk of being down due to censorship. The website for acquiring the domains is safe too and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a two primary elements, though it should be kept in mind that buying a domain is a one-time expense and needs no annual renewals of any sort.

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

The next element is the gas costs connected with using the Ethereum blockchain to claim your domain, since the domains are stored on the Ethereum blockchain, the deal to declare them can be found in ETH and is not included in your preliminary purchase. The gas fees you will pay will depend on the existing cost of ETH and the network blockage at the time of the transaction. Overall 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 few features of Unstoppable Domains that stand apart. The truth that it is a one-time purchase without any annual renewal is exceptionally enticing considering the method traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anyone other than the owner.

The domains likewise have more functionality than standard domains since they can be used to a payment router, however also utilized to develop websites with dApps built directly on them since they exist on the blockchain, allowing the use of clever contracts on your site. Crypto Hardware Wallet

Maybe the best and most attractive function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto possessions, indicating once you set it up you will just ever require to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not only for you, but for anybody who you wish to receive funds from.

 

Potential Dealbreakers.

There is only one real potential dealbreaker when it concerns using Unstoppable Domains, which is the expense of claiming your domain with Ethereum.

This may just be a dealbreaker since you do not have any Ethereum at your address and need to acquire 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 fee, and unless you decide to sell/transfer your domain to another person it will be the extra fee related to getting your domain.