Crypto Ico | Easy Crypto

Unstoppable domain is a san francisco-based company…Crypto Ico… that is providing domain name extensions that are tied 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 name 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 controlled and run by icann so anything constantly needs approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are simply completely decentralized so there’s no governing body there’s nothing that needs any kind 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 called a beginner about unstoppable domain names make certain to inspect the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration really work i think

people are going to be rather surprised that it’s method more technical and complex than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re launching the domain name through a icann licensed domain name register why do i say i can certify because you can’t get your domain names directly from i can which is again the not-for-profit organization that manages the dns system you have to go through an icann certified domain 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 do not know why asking me those are simply the guidelines and that’s what people have actually been providing for the last few years in order to get a domain name so that’s why you require to pay a yearly fee on your domain names due to the fact that you’re not actually 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 pc registry that manages that domain name extension which is then totally managed and arranged by icann broadly speaking so like when you get it.com.net.org the registry for that extension

Is unstoppable domains on Ethereum? Crypto Ico

is a verisign for example so all these various domain extensions have different registries and the role of the pc registry is simply to handle the administrative information for that particular domain name nft domain 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 actually icann you have your domain windows registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it but like what does that particularly mean a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a distinct digital item in this circumstances 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 should already kind of understand why since those are managed by verisign which is a domain name pc registry which is managed by icann that’s part of 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 right now they only have a dot crypto in dot zo at the time of tape-recording this video the main distinction is that these two are tied to various block chains that’s it so you have Crypto Ico

 

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 services and functions built 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 individualized crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain names obviously over time as like we have actually decentralized webhosting establish with time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to develop your own decentralized site currently it’s not actually possible i suggest you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies method which people connect with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than standard domains.

Supports 276 crypto possessions.

Cons.

Have to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will attain prevalent adoption.

Some domains are still pre-sale only.

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 communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into place, so users did not have to learn IP addresses in order to get to sites, except for crypto addresses.

In this way they have been successful considerably, as they have created a domain system that enables users to establish payments for 276 digital properties under a single domain, while also being able to be utilized as a fully operating site that can even have dApps constructed onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe due to the fact that when declared the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.

It is twice as safe due to the fact that this also means that the domain can not be blocked by anybody aside from you, so your site is never ever at risk of being down due to censorship. The website for acquiring 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 two main factors, though it needs to be kept in mind that purchasing a domain is a one-time cost and requires 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 expense is based upon domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing additional. In addition, there are superior domains that cost tens of thousands.

The next factor is the gas costs related to utilizing the Ethereum blockchain to declare 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 charges you will pay will depend upon the existing cost of ETH and the network congestion 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 Functions of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no yearly renewal is incredibly appealing considering the way traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anybody aside from the owner.

The domains likewise have more functionality than standard domains because they can be used to a payment router, however likewise utilized to produce websites with dApps constructed directly on them due to the fact that they exist on the blockchain, allowing the use of wise agreements on your site. Crypto Ico

Maybe the 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 assets, indicating 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 easier not only for you, but for anyone who you wish to receive funds from.

 

Possible Dealbreakers.

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

This may only be a dealbreaker because 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 cost, and unless you decide to sell/transfer your domain to another person it will be the additional fee associated with getting your domain.