Crypto Trading Platform | Easy Crypto

Unstoppable domain names is a san francisco-based company…Crypto Trading Platform… that is offering 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 tied to the ethereum blockchain or you can get a zillow domain 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 simply that they are decentralized so the dns system is managed and run by icann so anything constantly needs approval from that governing body however 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 needs any kind of approval or authorization you as the owner own your domain name so in this video i want to describe to you everything that you need to called a beginner about unstoppable domain ensure to examine the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain registration really work i believe

people are going to be rather stunned that it’s method more complicated and technical than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not really purchasing the domain name what you’re doing is you’re launching the domain name through a icann licensed domain register why do i state i can license since you can’t get your domain names directly from i can which is again the not-for-profit company that handles the dns system you need to go through an icann accredited domain name register in order to get a domain name and that’s just how it works like you resemble why do i have to do that i don’t know why asking me those are simply the rules and that’s what individuals have actually been doing for the last few years in order to get a domain name so that’s why you require to pay a yearly cost on your domain since you’re not really purchasing an owning domain name what you’re doing is renting 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 registry that handles that domain name extension which is then totally 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 Trading Platform

is a verisign for instance so all these various domain extensions have different computer registries and the role of the computer system registry is just to manage the administrative data for that specific domain name nft domain names versus the traditional dns system what’s the difference 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 computer registries then you have your icann certified domain name 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 information found on a blockchain that is verifiable and represents a distinct digital item in this circumstances our domain names dot crypto versus dot zill what’s the distinction with these 2 so if you leap over to unstoppabledomainnames.com link in the description you’re going to discover that you can’t geta.com.net.org why well you can’t you ought to currently type of understand why because those are handled by verisign which is a domain name windows registry which is handled by icann that becomes part of the dns system that’s why you can’t get those types of domain through unstoppable domain you can just get blockchain based domain names right now they just have a dot crypto in dot zo at the time of recording this video the primary difference is that these two are connected to various block chains that’s it so you have Crypto Trading Platform

 

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 functions and services developed around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill however functionally speaking they are the same tailored crypto addresses that can be established as a payment gateway so this is the primary function of unstoppable domain certainly with time as like we have decentralized web host develop gradually it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized site presently it’s not actually possible i mean you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which people interact with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than conventional domains.

Supports 276 crypto properties.

Cons.

Have to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will accomplish 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 requirement for it to be much easier for users to engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered into location, so users did not need to discover IP addresses in order to get to sites, except for crypto addresses.

In this manner they have succeeded significantly, as they have actually created a domain system that permits users to establish payments for 276 digital properties under a single domain, while likewise being able to be utilized as a fully operating website 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 charges, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe since as soon as claimed the domains exist under your address on blockchain, indicating they are as 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 anyone besides you, so your website is never at risk of being down due to censorship. The site for buying the domains is safe too and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 primary aspects, though it ought to be kept in mind that purchasing 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 cost is based on 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 10s of thousands.

The next element is the gas fees associated with utilizing the Ethereum blockchain to claim your domain, because the domains are kept on the Ethereum blockchain, the deal to claim them is available in ETH and is not consisted of in your preliminary purchase. The gas costs you will pay will depend on the present expense 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 Best Features of Unstoppable Domains?

There are a couple of features of Unstoppable Domains that stand out. The truth that it is a one-time purchase with no annual renewal is very attractive considering the way conventional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody besides the owner.

The domains likewise have more functionality than traditional domains since they can be utilized to a payment router, but also used to produce sites with dApps constructed directly on them since they exist on the blockchain, allowing the use of wise agreements on your site. Crypto Trading Platform

Possibly the very best and most attractive feature of Unstoppable Domains is that is supplies you a way to have one address for you to receive 276 different crypto possessions, indicating once you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not just for you, but for anyone who you wish to receive funds from.

 

Potential Dealbreakers.

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

This may just be a dealbreaker because you do not have any Ethereum at your address and require to purchase some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas charges. Nevertheless, this is a one-time transaction charge, and unless you decide to sell/transfer your domain to another person it will be the additional cost connected with getting your domain.