Crypto Quant | Easy Crypto

Unstoppable domain names is a san francisco-based company…Crypto Quant… that is offering domain name 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 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 needs approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are simply completely decentralized so there’s no governing body there’s absolutely nothing that needs 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 require to referred to as a beginner about unstoppable domain names ensure to inspect 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 believe

people are going to be rather shocked that it’s method more technical and complex than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re releasing the domain name through a icann accredited domain name register why do i say i can certify since you can’t get your domain straight from i can which is again the nonprofit company that handles the dns system you have to go through an icann licensed 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 and that’s what individuals have been doing for the last couple of decades in order to get a domain so that’s why you require to pay a yearly fee on your domain names because you’re not actually buying 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 pc 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 registry for that extension

Is unstoppable domains on Ethereum? Crypto Quant

is a verisign for example so all these various domain name extensions have different computer registries and the role of the registry is simply to manage the administrative information for that specific domain nft domain names versus the traditional dns system what’s the difference well the standard dns system is a central system as i alluded to earlier based around icann so you have actually icann you have your domain 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 alter it however like what does that specifically indicate a non-fungible token is simply 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 difference 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 need to already kind of know why since those are managed by verisign which is a domain name computer 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 today they just have a dot crypto in dot zo at the time of taping this video the main difference is that these 2 are tied to different block chains that’s it so you have Crypto Quant

https://www.youtube.com/watch?v=2HNAaf6rIec

 

your dot crypto which is tied 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 services and features developed around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill however functionally speaking they are the same personalized crypto addresses that can be established as a payment entrance so this is the main function of unstoppable domain names certainly gradually as like we have decentralized web host establish over time it will be possible to utilize like a decentralized domain and a decentralized webhosting to produce your own decentralized site presently it’s not really possible i mean you can do it however 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 conventional domains.

Supports 276 crypto assets.

Cons.

Need to invest ETH to claim domain.

Still some concern as to whether Unstoppable Domains will accomplish widespread adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a requirement for it to be simpler for users to connect with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to find out IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually succeeded greatly, as they have actually produced a domain system that enables users to set up payments for 276 digital assets under a single domain, while also being able to be used as a completely functioning site that can even have dApps developed 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 incredibly safe due to the fact that as soon as declared the domains exist under your address on blockchain, indicating they are as protected as the blockchain itself.

It is doubly safe because this likewise implies that the domain can not be blocked by anyone other than you, so your site is never ever at risk of being down due to censorship. The site for acquiring the domains is safe also and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two primary elements, though it needs to be kept in mind that acquiring a domain is a one-time expense and needs no yearly renewals of any sort.

The very first aspect is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you choose, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain name, with much shorter domains costing additional. In addition, there are exceptional domains that cost tens of thousands.

The next factor is the gas costs related to utilizing the Ethereum blockchain to claim your domain, due to the fact that the domains are saved on the Ethereum blockchain, the transaction to claim them is available in ETH and is not consisted of in your preliminary purchase. The gas fees you will pay will depend on the present cost of ETH and the network blockage at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the Best Features of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stand apart. The reality that it is a one-time purchase without any annual renewal is very appealing thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anybody other than the owner.

The domains also have more performance than traditional domains since they can be utilized to a payment router, however likewise utilized to develop websites with dApps built directly on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your website. Crypto Quant

Perhaps the very best and most attractive function of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 various crypto properties, implying when you set it up you will just ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not only for you, but for anybody who you wish to get funds from.

https://www.youtube.com/watch?v=Zm6uZzZwLSg

 

Prospective Dealbreakers.

There is only one genuine prospective dealbreaker when it concerns utilizing Unstoppable Domains, and that is the expense of declaring 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 require to acquire some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas fees. However, this is a one-time transaction charge, and unless you decide to sell/transfer your domain to someone else it will be the extra charge related to getting your domain.