Crypto Portfolio Tracker | Easy Crypto

Unstoppable domain is a san francisco-based business…Crypto Portfolio Tracker… that is providing domain name extensions that are connected to the blockchain instead of being tied 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 name extensions is just that they are decentralized so the dns system is controlled and operated by icann so anything always requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are just entirely 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 wish to discuss to you everything that you require to referred to as a beginner about unstoppable domain names make sure to check the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration in fact work i think

people are going to be rather shocked that it’s way more complex and technical than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not in fact buying the domain what you’re doing is you’re launching the domain through a icann accredited domain register why do i state i can accredit since you can’t get your domain names straight from i can which is once again the nonprofit company that handles the dns system you have to go through an icann licensed domain name register in order to get a domain name and that’s simply how it works like you’re like why do i have to do that i do not understand why asking me those are just the rules which’s what people have been doing for the last few decades in order to get a domain name so that’s why you need to pay an annual charge on your domain names since you’re not really 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 computer registry that manages that domain extension which is then absolutely 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 Portfolio Tracker

is a verisign for instance so all these various domain extensions have various pc registries and the role of the registry is just to manage the administrative data for that particular domain name nft domain names versus the standard dns system what’s the difference well the conventional dns system is a centralized system as i mentioned 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 change it however like what does that specifically indicate a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a special 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 should already sort of know why because those are managed by verisign which is a domain name windows registry which is handled by icann that belongs to the dns system that’s why you can’t get those types of domain names through unstoppable domain you can only get blockchain based domain names right now they only have a dot crypto in dot zo at the time of recording this video the primary distinction is that these two are tied to different block chains that’s it so you have Crypto Portfolio Tracker

 

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 industrialized and you have a little bit more functions and services developed 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 set up as a payment entrance so this is the primary feature of unstoppable domain certainly over time as like we have actually decentralized webhosting establish over time it will be possible to use like a decentralized domain and a decentralized webhosting to develop your own decentralized website currently it’s not truly possible i mean you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which individuals engage with crypto addresses.

Censor resistant domain stored in your wallet.

More performance than traditional domains.

Supports 276 crypto possessions.

Cons.

Have to spend ETH to claim domain.

Still some question regarding whether Unstoppable Domains will attain extensive 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 connect with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered location, so users did not need 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 assets under a single domain, while also being able to be used as a totally functioning site that can even have actually dApps developed onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe since once claimed the domains exist under your address on blockchain, suggesting they are as safe as the blockchain itself.

It is doubly safe since this also means 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 website for purchasing the domains is safe as well and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a two main elements, though it ought to be kept in mind that buying a domain is a one-time cost and requires no annual renewals of any sort.

The first aspect is the expense 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 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 tens of thousands.

The next aspect is the gas fees connected with utilizing the Ethereum blockchain to declare your domain, since the domains are stored on the Ethereum blockchain, the deal to declare them comes in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend on the existing cost of ETH and the network congestion at the time of the deal. In general 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 stand apart. The reality that it is a one-time purchase with no yearly renewal is very appealing considering the method standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anyone aside from the owner.

The domains likewise have more functionality than standard domains because they can be used to a payment router, however likewise used to develop sites with dApps built directly on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your site. Crypto Portfolio Tracker

Perhaps the very best and most attractive function of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 different crypto assets, suggesting as soon as you set it up you will only ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not only for you, but for anyone who you wish to receive funds from.

 

Potential Dealbreakers.

There is only one real possible dealbreaker when it concerns using Unstoppable Domains, which is the cost of claiming your domain with Ethereum.

This might only 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 think it is unreasonable to pay the gas charges. This is a one-time transaction fee, and unless you choose to sell/transfer your domain to somebody else it will be the extra charge associated with getting your domain.