Crypto News Flash | Easy Crypto

Unstoppable domain is a san francisco-based business…Crypto News Flash… that is offering domain name extensions that are connected to the blockchain instead of being tied 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 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 controlled and run by icann so anything always requires approval from that governing body but something like a dot crypto or zillow these are based upon 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 whatever that you require to know as a newbie about unstoppable domain names make certain to check the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain name registration in fact work i believe

individuals are going to be rather stunned that it’s way more complicated and technical than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re releasing the domain name through a icann certified domain name register why do i say i can accredit because you can’t get your domain names directly from i can which is again the not-for-profit company that manages the dns system you have to go through an icann licensed domain name 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 simply the guidelines which’s what individuals have been providing for the last couple of decades in order to get a domain so that’s why you need to pay a yearly cost on your domain names since you’re not in fact purchasing an owning domain name 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 extension which is then absolutely handled 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 News Flash

is a verisign for example so all these different domain extensions have different registries and the role of the registry is simply to manage the administrative data for that particular domain name nft domain names versus the conventional dns system what’s the distinction well the traditional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain computer registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it but like what does that specifically suggest a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents a distinct digital item in this circumstances 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 ought to already type of know why because those are handled by verisign which is a domain computer system registry which is handled by icann that becomes part of the dns system that’s why you can’t get those types of domain names through unstoppable domain names 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 difference is that these 2 are tied to different block chains that’s it so you have Crypto News Flash

 

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 developed and you have a little bit more services and features built around uh at the ethereum blockchain with a dot crypto domain name 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 entrance so this is the main function of unstoppable domain undoubtedly with time as like we have actually decentralized webhosting establish gradually it will be possible to use like a decentralized domain and a decentralized webhosting to create your own decentralized website presently it’s not actually possible i imply you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people connect with crypto addresses.

Censor resistant domain stored 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 achieve prevalent 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 need for it to be easier for users to engage with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered into location, so users did not need to find out IP addresses in order to get to sites, except for crypto addresses.

In this manner they have been successful significantly, as they have actually produced a domain system that enables users to set up payments for 276 digital properties under a single domain, while likewise being able to be utilized as a fully functioning website that can even have actually dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal costs, 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 claimed the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.

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

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a 2 main aspects, though it should be kept in mind that acquiring a domain is a one-time expense and requires no yearly renewals of any sort.

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

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

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 standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anybody other than the owner.

The domains likewise have more functionality than conventional domains due to the fact that they can be utilized to a payment router, however also utilized to create websites with dApps developed directly on them due to the fact that they exist on the blockchain, allowing the use of smart agreements on your website. Crypto News Flash

Possibly the very best and most attractive feature of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 different crypto properties, indicating when 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 simpler not just for you, but for anyone who you want to get funds from.

 

Potential Dealbreakers.

There is only one real possible dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.

This might only be a dealbreaker since you do not have any Ethereum at your address and need to purchase some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas charges. However, this is a one-time deal cost, and unless you choose to sell/transfer your domain to another person it will be the extra fee connected with getting your domain.