Crypto Whale | Easy Crypto

Unstoppable domain names is a san francisco-based company…Crypto Whale… that is supplying domain extensions that are tied 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 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 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 requires any type of approval or permission you as the owner own your domain name so in this video i wish to discuss to you whatever that you need to know as a beginner about unstoppable domain make sure to check the links in the description for time stamps and any resources mentioned 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 method more technical and complicated than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain name what you’re doing is you’re releasing the domain through a icann licensed domain name register why do i say i can license because you can’t get your domain straight from i can which is again the nonprofit organization that manages the dns system you need to go through an icann licensed domain name register in order to get a domain name which’s just how it works like you’re like why do i need to do that i do not understand why asking me those are just the guidelines which’s what individuals have actually 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 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 registry that manages that domain name extension which is then completely managed and organized by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension

Is unstoppable domains on Ethereum? Crypto Whale

is a verisign for example so all these different domain extensions have various computer registries and the function of the computer registry is just to manage the administrative data for that specific domain nft domain versus the conventional dns system what’s the difference well the traditional dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain registries then you have your icann certified domain 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 particularly mean a non-fungible token is just a piece of data discovered 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 distinction with these 2 so if you leap 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 currently sort of understand why due to the fact that those are handled by verisign which is a domain computer system registry which is managed by icann that belongs to the dns system that’s why you can’t get those kinds of domain names through unstoppable domain names you can only get blockchain based domain names right now they just have a dot crypto in dot zo at the time of tape-recording this video the primary distinction is that these two are connected to different block chains that’s it so you have Crypto Whale

 

your dot crypto which is connected 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 functions 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 function of unstoppable domain obviously gradually as like we have actually decentralized web host develop gradually it will be possible to utilize like a decentralized domain and a decentralized webhosting to develop your own decentralized site presently it’s not actually possible i suggest you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which individuals connect with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than traditional domains.

Supports 276 crypto possessions.

Cons.

Have to invest ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will achieve prevalent adoption.

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a need for it to be easier for users to connect with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into place, so users did not need 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 created a domain system that enables users to set up payments for 276 digital possessions under a single domain, while likewise having the ability to be utilized as a totally working website that can even have actually dApps developed onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe due to the fact that as soon as claimed the domains exist under your address on blockchain, suggesting they are as safe as the blockchain itself.

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

Just How Much is Unstoppable Domains?

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

The very first factor is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you select, as cost is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with shorter domains costing additional. In addition, there are superior domains that cost tens of thousands.

The next aspect is the gas fees connected with using the Ethereum blockchain to declare your domain, due to the fact that the domains are stored on the Ethereum blockchain, the deal to claim them is available in ETH and is not included in your preliminary purchase. The gas costs you will pay will depend on the existing cost of ETH and the network blockage at the time of the deal. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the Best Functions of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stick out. The fact that it is a one-time purchase without any annual renewal is extremely appealing thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone aside from the owner.

The domains also have more performance than conventional domains because they can be utilized to a payment router, however also utilized to produce sites with dApps built directly on them because they exist on the blockchain, allowing the use of smart agreements on your website. Crypto Whale

Perhaps the best and most appealing feature of Unstoppable Domains is that is supplies you a way to have one address for you to get 276 various crypto possessions, suggesting when you set it up you will only ever need to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not only for you, but for anyone who you want to get funds from.

 

Prospective Dealbreakers.

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

This might just be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to buy some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas costs. However, this is a one-time transaction cost, and unless you decide to sell/transfer your domain to another person it will be the extra cost associated with getting your domain.