Crypto Xlm | Easy Crypto

Unstoppable domain names is a san francisco-based company…Crypto Xlm… that is providing domain extensions that are connected to the blockchain instead of being tied 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 operated by icann so anything constantly requires 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 requires any kind of approval or consent you as the owner own your domain so in this video i want to describe to you everything that you need to referred to as a newbie about unstoppable domain ensure to examine the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain name registration actually work i think

individuals are going to be quite shocked that it’s way more technical and complex than you thought of so when you go to somewhere 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 name register why do i say i can license because you can’t get your domain straight from i can which is again the not-for-profit company that manages 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 resemble why do i need to do that i do not know why asking me those are simply the rules which’s what individuals have been providing for the last couple of years in order to get a domain name so that’s why you need to pay a yearly charge on your domain due to the fact that you’re not really purchasing 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 computer registry that manages that domain name extension which is then absolutely handled 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 Xlm

is a verisign for instance so all these various domain name extensions have various computer registries and the function of the computer registry is just to handle the administrative data for that specific domain name nft domain names versus the conventional dns system what’s the distinction well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have actually 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 significance like you can’t jump in and change it however like what does that specifically imply a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a distinct digital item in this circumstances our domain 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 sort of understand why due to the fact that those are managed by verisign which is a domain pc 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 names you can only get blockchain based domain names right now they just have a dot crypto in dot zo at the time of taping this video the main difference is that these two are connected to different block chains that’s it so you have Crypto Xlm

 

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 developed and you have a little bit more features and services built around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill but functionally speaking they are the same customized crypto addresses that can be set up as a payment gateway so this is the primary function of unstoppable domain names obviously over time as like we have actually decentralized web host develop in time it will be possible to utilize like a decentralized domain and a decentralized web host to produce your own decentralized website presently it’s not really possible i indicate you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals interact with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than traditional domains.

Supports 276 crypto properties.

Cons.

Need to spend ETH to claim domain.

Still some concern regarding 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 need for it to be much easier for users to communicate with crypto addresses. The goal 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 websites, except for crypto addresses.

In this manner they have actually been successful greatly, as they have created a domain system that permits users to establish payments for 276 digital properties under a single domain, while also having the ability to be utilized as a completely working website that can even have dApps developed onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment costs, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe since once declared the domains exist under your address on blockchain, meaning they are as secure as the blockchain itself.

It is twice as safe because this also implies that the domain can not be blocked by anyone aside from you, so your website is never at risk of being down due to censorship. The site for purchasing the domains is safe too and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a 2 main factors, though it must be kept in mind that buying a domain is a one-time cost and requires no yearly renewals of any sort.

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

The next aspect is the gas charges connected with utilizing the Ethereum blockchain to claim your domain, because the domains are saved on the Ethereum blockchain, the transaction to declare them comes in ETH and is not consisted of in your preliminary purchase. The gas costs you will pay will depend on the current expense of ETH and the network blockage at the time of the deal. In general you can get most 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 stand apart. The reality that it is a one-time purchase with no annual renewal is extremely attractive considering the method traditional 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 performance than traditional domains due to the fact that they can be utilized to a payment router, however likewise used to develop websites with dApps constructed straight on them because they exist on the blockchain, allowing the use of clever contracts on your website. Crypto Xlm

Possibly the best and most appealing function of Unstoppable Domains is that is offers you a way to have one address for you to get 276 various crypto possessions, implying as soon as you set it up you will only ever need to understand 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 want to receive funds from.

 

Prospective Dealbreakers.

There is only one real prospective dealbreaker when it comes to utilizing Unstoppable Domains, which 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 buy some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas costs. This is a one-time transaction fee, and unless you choose to sell/transfer your domain to someone else it will be the additional cost associated with getting your domain.