Unstoppable domain names is a san francisco-based company…Crypto Key… that is offering domain 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 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 simply that they are decentralized so the dns system is managed and operated by icann so anything always requires approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are simply totally decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or permission you as the owner own your domain name so in this video i want to discuss to you whatever 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 discussed in this video so let’s start how does domain registration in fact work i think
individuals are going to be quite surprised that it’s method more technical and complex than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not really buying the domain name what you’re doing is you’re launching the domain name through a icann accredited domain register why do i say i can accredit because you can’t get your domain names straight from i can which is again the nonprofit organization that manages the dns system you have to go through an icann licensed domain register in order to get a domain which’s just how it works like you resemble why do i need to do that i do not know why asking me those are simply the guidelines and that’s what individuals have been doing for the last few decades in order to get a domain name so that’s why you require to pay a yearly charge on your domain names due to the fact that you’re not actually buying 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 name extension which is then totally handled and arranged 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 Key
is a verisign for example so all these various domain extensions have different computer registries and the role of the computer system registry is simply to manage the administrative information for that particular domain name nft domain versus the conventional dns system what’s the difference well the conventional dns system is a central system as i mentioned earlier based around icann so you have 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 indicate a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a distinct digital item in this instance our domain dot crypto versus dot zill what’s the distinction with these two 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 should already kind of know why because those are handled by verisign which is a domain 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 names you can only get blockchain based domain names today they just have a dot crypto in dot zo at the time of taping this video the primary distinction is that these 2 are connected to different block chains that’s it so you have Crypto Key
your dot crypto which is connected 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 bit more functions and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you finish with a dot zill but functionally speaking they are the same customized crypto addresses that can be established as a payment entrance so this is the main function of unstoppable domain names undoubtedly with time as like we have actually decentralized web host develop in time it will be possible to utilize like a decentralized domain and a decentralized webhosting to create your own decentralized site currently it’s not actually possible i indicate you can do it however it’s pretty technical uh.
One-time purchase of domain.
Streamlines way in which individuals interact with crypto addresses.
Censor resistant domain kept in your wallet.
More functionality than conventional domains.
Supports 276 crypto properties.
Need to spend ETH to claim domain.
Still some concern as to 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 existing CEO, who saw a requirement for it to be simpler 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 have to find out IP addresses in order to get to sites, except for crypto addresses.
In this manner they have actually succeeded greatly, as they have actually created a domain system that permits users to establish payments for 276 digital possessions under a single domain name, while also being able to be utilized as a totally functioning website that can even have actually dApps built onto them due to the fact that the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is extremely 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 doubly safe since this also suggests that the domain can not be obstructed by anybody besides you, so your website is never ever at risk of being down due to censorship. The website for purchasing the domains is safe also and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends on a 2 main elements, though it ought to be kept in mind that purchasing a domain is a one-time cost and needs no annual renewals of any sort.
The very first factor is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you select, as expense is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.
The next aspect is the gas charges related to utilizing the Ethereum blockchain to claim your domain, because the domains are saved on the Ethereum blockchain, the transaction to declare them is available in ETH and is not included in your initial purchase. The gas charges you will pay will depend on the existing expense of ETH and the network congestion 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 couple of features of Unstoppable Domains that stand out. The truth that it is a one-time purchase with no annual renewal is extremely attractive thinking about the method conventional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anyone aside from the owner.
The domains also have more performance than standard domains due to the fact that they can be used to a payment router, but also utilized to produce sites with dApps built straight on them due to the fact that they exist on the blockchain, allowing the use of wise contracts on your site. Crypto Key
Perhaps the best and most appealing feature of Unstoppable Domains is that is supplies you a way to have one address for you to get 276 various crypto possessions, suggesting as soon as you set it up you will only ever require to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is simpler not just for you, but for anybody who you wish to receive funds from.
There is only one genuine possible dealbreaker when it comes to utilizing Unstoppable Domains, which is the expense 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 claim your domain, or if for some reason you think it is unreasonable to pay the gas costs. However, this is a one-time transaction cost, and unless you choose to sell/transfer your domain to someone else it will be the additional charge related to getting your domain.