Crypto Prices | Easy Crypto

Unstoppable domain is a san francisco-based business…Crypto Prices… that is offering domain name extensions that are connected to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is tied 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 benefit of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and run 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 simply entirely decentralized so there’s no governing body there’s nothing that needs any type 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 require to know as a novice about unstoppable domain ensure to examine the links in the description for time stamps and any resources discussed in this video so let’s start how does domain registration really work i think

individuals are going to be rather surprised that it’s way more complex and technical than you envisioned 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 name through a icann accredited domain name register why do i state i can accredit since 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 have to go through an icann licensed domain name register in order to get a domain name and that’s just how it works like you resemble why do i need to do that i don’t understand why asking me those are just the guidelines which’s what people have actually 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 since you’re not actually buying an owning domain what you’re doing is renting their domain so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the pc registry that handles that domain name extension which is then totally managed and organized by icann broadly speaking so like when you get it.com.net.org the computer registry for that extension

Is unstoppable domains on Ethereum? Crypto Prices

is a verisign for instance so all these different domain extensions have various computer system registries and the function of the registry is simply to handle the administrative information for that particular domain nft domain names versus the standard dns system what’s the distinction well the traditional dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain computer 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 particularly imply a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents an unique digital item in this circumstances our domain names dot crypto versus dot zill what’s the difference with these two 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 understand why since those are handled by verisign which is a domain name windows registry which is managed by icann that becomes part of 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 right now they only 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 Prices

 

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 bit more features and services developed around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill however functionally speaking they are the same tailored crypto addresses that can be set up as a payment gateway so this is the main feature of unstoppable domain obviously with time as like we have decentralized web host develop with time it will be possible to utilize 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 however it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which people connect with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than traditional domains.

Supports 276 crypto possessions.

Cons.

Have to spend ETH to claim domain.

Still some question as to 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 need for it to be simpler for users to communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered location, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.

In this way they have succeeded significantly, as they have actually produced a domain system that permits users to establish payments for 276 digital properties under a single domain name, while likewise having the ability to be used as a fully operating site that can even have actually dApps constructed onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment fees, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe since when declared the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.

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

Just How Much is Unstoppable Domains?

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

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

The next aspect is the gas costs related to utilizing the Ethereum blockchain to declare your domain, since the domains are kept on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend upon the existing cost 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 couple of features of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no yearly renewal is incredibly attractive considering the way conventional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anyone besides the owner.

The domains also have more performance than conventional domains because they can be utilized to a payment router, however also utilized to create websites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of clever contracts on your website. Crypto Prices

Maybe the very best and most attractive feature of Unstoppable Domains is that is supplies you a way to have one address for you to get 276 different crypto possessions, meaning as soon as 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 simpler not only for you, but for anyone who you want to receive funds from.

 

Potential Dealbreakers.

There is only one real potential dealbreaker when it comes to using Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.

This may only be a dealbreaker due to the fact that 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 believe it is unreasonable to pay the gas fees. This is a one-time deal fee, and unless you decide to sell/transfer your domain to somebody else it will be the extra cost associated with getting your domain.