Crypto Kings | Easy Crypto

Unstoppable domain names is a san francisco-based company…Crypto Kings… that is supplying 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 tied to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain extensions is simply that they are decentralized so the dns system is managed and operated by icann so anything always needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just completely decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or consent you as the owner own your domain name so in this video i wish to discuss to you everything that you need 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 believe

people are going to be rather surprised that it’s way more technical and complex than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not actually 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 license since you can’t get your domain directly from i can which is once again the not-for-profit company that manages the dns system you have to go through an icann certified domain register in order to get a domain name and that’s just how it works like you’re like why do i need to do that i don’t understand why asking me those are just the guidelines which’s what individuals have been doing for the last few years in order to get a domain so that’s why you require to pay an annual fee on your domain names due to the fact that you’re not really 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 computer system registry that manages that domain name extension which is then absolutely managed and arranged by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension

Is unstoppable domains on Ethereum? Crypto Kings

is a verisign for instance so all these different domain extensions have various windows registries and the function of the registry is simply to handle the administrative data for that particular domain name nft domain versus the standard dns system what’s the distinction well the traditional dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain computer system registries then you have your icann licensed domain 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 specifically imply a non-fungible token is just a piece of data 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 difference with these 2 so if you leap 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 must currently sort of know why because those are managed 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 names through unstoppable domain names you can just get blockchain based domain today they just have a dot crypto in dot zo at the time of taping this video the main distinction is that these two are connected to different block chains that’s it so you have Crypto Kings

 

your dot crypto which is connected to the ethereum blockchain you have your dot zill which is tied to the silica block durian blockchain is way more developed and you have a bit more features and services developed around uh at the ethereum blockchain with a dot crypto domain than you make 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 feature of unstoppable domain undoubtedly over time as like we have decentralized webhosting develop with time 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 really possible i imply you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which people communicate with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than traditional domains.

Supports 276 crypto assets.

Cons.

Need to invest ETH to claim domain.

Still some concern regarding 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 requirement for it to be much easier for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into location, so users did not need to learn IP addresses in order to get to websites, except for crypto addresses.

In this manner they have actually succeeded greatly, as they have actually produced a domain system that enables users to establish payments for 276 digital assets under a single domain, while also having the ability to be utilized as a totally operating website that can even have actually dApps constructed onto them since the domain is hosted on the blockchain. With no yearly 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 as soon as declared the domains exist under your address on blockchain, implying they are as safe as the blockchain itself.

It is twice as safe because this also suggests that the domain can not be obstructed by anyone aside from you, so your site is never at risk of being down due to censorship. The site for acquiring the domains is safe as well and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a 2 primary aspects, though it should be noted that buying a domain is a one-time expense and needs no annual renewals of any sort.

The very first element is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending on the domain you select, as cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing extra. 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 stored on the Ethereum blockchain, the transaction to declare them is available in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend on the current expense of ETH and the network blockage at the time of the transaction. Overall you can get 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 features of Unstoppable Domains that stand out. The truth that it is a one-time purchase without any yearly renewal is exceptionally appealing considering the way traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anyone besides the owner.

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

Possibly the very best and most appealing feature of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 various 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 established for each cryptocurrency. It is easier not just for you, but for anybody who you want to get funds from.

 

Possible Dealbreakers.

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

This may just 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. This is a one-time deal fee, and unless you decide to sell/transfer your domain to someone else it will be the additional cost associated with getting your domain.