Crypto Ledger | Easy Crypto

Unstoppable domain names is a san francisco-based company…Crypto Ledger… that is supplying domain name extensions that are tied 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 name 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 controlled and run 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 needs any type of approval or approval you as the owner own your domain name so in this video i want to discuss to you everything that you need to called a novice about unstoppable domain ensure to check the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain registration really work i believe

individuals are going to be quite stunned that it’s way more complex and technical than you imagined 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 launching the domain name through a icann certified domain register why do i state i can certify because you can’t get your domain names straight from i can which is again the not-for-profit organization that handles the dns system you need to go through an icann accredited domain name register in order to get a domain which’s simply how it works like you’re like why do i have to do that i do not know why asking me those are simply the rules which’s what people have actually been providing for the last few years in order to get a domain so that’s why you require to pay a yearly fee on your domain due to the fact that you’re not actually buying an owning domain what you’re doing is leasing their domain name so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the windows 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 registry for that extension

Is unstoppable domains on Ethereum? Crypto Ledger

is a verisign for example so all these different domain name extensions have various computer registries and the role of the windows registry is simply to manage the administrative information for that particular domain name nft domain names versus the conventional dns system what’s the distinction well the standard dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain 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 however like what does that specifically mean a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents a special digital product in this instance 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 ought to already sort of understand why due to the fact that those are handled by verisign which is a domain registry which is handled by icann that becomes part of the dns system that’s why you can’t get those kinds of domain names 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 tape-recording this video the main distinction is that these 2 are connected to different block chains that’s it so you have Crypto Ledger

 

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 bit more features and services constructed around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill however functionally speaking they are the same individualized crypto addresses that can be established as a payment gateway so this is the primary function of unstoppable domain names obviously gradually as like we have actually decentralized webhosting develop over time it will be possible to use like a decentralized domain and a decentralized webhosting to create your own decentralized website currently it’s not really possible i imply you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which individuals interact with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than conventional domains.

Supports 276 crypto possessions.

Cons.

Have to invest ETH to claim domain.

Still some question regarding 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 much easier for users to interact with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.

In this manner they have actually prospered considerably, as they have actually produced a domain system that enables users to establish payments for 276 digital properties under a single domain name, while also being able to be utilized as a completely functioning site that can even have dApps constructed onto them since the domain is hosted on the blockchain. With a single payment and no yearly renewal fees, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe since once declared the domains exist under your address on blockchain, meaning they are as secure as the blockchain itself.

It is two times as safe due to the fact that this likewise indicates that the domain can not be obstructed by anyone aside from you, so your website is never at risk of being down due to censorship. The website for purchasing the domains is safe also and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a 2 primary elements, though it must be noted that buying a domain is a one-time cost and requires no annual renewals of any sort.

The very first factor is the cost 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 on domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.

The next aspect is the gas costs associated with using the Ethereum blockchain to claim your domain, due to the fact that the domains are saved on the Ethereum blockchain, the deal to declare them can be found in ETH and is not included in your initial purchase. The gas charges you will pay will depend upon the present expense of ETH and the network blockage at the time of the deal. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very 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 without any annual renewal is very appealing considering the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone aside from the owner.

The domains also have more functionality than conventional domains due to the fact that they can be utilized to a payment router, but also used to create sites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of clever contracts on your site. Crypto Ledger

Possibly the best and most attractive function of Unstoppable Domains is that is offers you a method to have one address for you to get 276 different crypto properties, meaning when you set it up you will just ever require to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not just for you, but for anyone who you wish to receive funds from.

 

Prospective Dealbreakers.

There is only one real prospective dealbreaker when it comes to utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.

This might just be a dealbreaker due to the fact that you do not have any Ethereum at your address and need to buy some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas costs. Nevertheless, this is a one-time deal fee, and unless you choose to sell/transfer your domain to someone else it will be the extra cost connected with getting your domain.