Crypto Xyo | Easy Crypto

Unstoppable domain is a san francisco-based business…Crypto Xyo… that is providing domain extensions that are tied 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 name extension which is connected to the silica blockchain which is an alternative to ethereum the benefit 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 simply 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 so in this video i wish to discuss to you everything that you require to called a newbie about unstoppable domain names make certain to check 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 think

people are going to be quite shocked that it’s way more complex and technical than you imagined 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 accredited domain register why do i state i can accredit since you can’t get your domain names straight from i can which is again the nonprofit organization that handles 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 resemble why do i have to do that i do not understand why asking me those are simply the guidelines and that’s what individuals have been doing for the last few years in order to get a domain name so that’s why you need to pay an annual fee 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 computer registry that manages that domain name extension which is then absolutely 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 Xyo

is a verisign for example so all these different domain name extensions have various computer system registries and the function of the computer system registry is just to handle the administrative information for that particular domain nft domain names versus the standard dns system what’s the distinction well the standard 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 certified domain name registrars nfts by contrast are non-fungible tokens non-fungal significance 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 a distinct digital product in this circumstances our domain dot crypto versus dot zill what’s the difference with these two so if you jump 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 must currently type of understand why because those are managed by verisign which is a domain name registry which is managed by icann that’s part of the dns system that’s why you can’t get those types of domain names through unstoppable domain you can just get blockchain based domain names right now they only have a dot crypto in dot zo at the time of tape-recording this video the primary distinction is that these two are tied to different block chains that’s it so you have Crypto Xyo

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

 

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 services and features constructed 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 individualized crypto addresses that can be established as a payment gateway so this is the main feature of unstoppable domain clearly in time as like we have decentralized web host develop over time it will be possible to use like a decentralized domain and a decentralized web host to create your own decentralized site currently it’s not truly possible i indicate you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals communicate with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than standard domains.

Supports 276 crypto possessions.

Cons.

Need to spend ETH to claim domain.

Still some concern as to whether Unstoppable Domains will achieve prevalent 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 easier for users to communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered place, 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 been successful greatly, as they have actually produced a domain system that enables users to establish payments for 276 digital possessions under a single domain, while likewise being able to be utilized as a completely operating website that can even have actually dApps constructed onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe due to the fact that when claimed the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.

It is two times as safe since this likewise indicates that the domain can not be blocked by anyone other than 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.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a 2 primary aspects, though it must be kept in mind that purchasing a domain is a one-time expense and requires no annual 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 on the domain you select, as expense is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.

The next factor is the gas fees associated with utilizing the Ethereum blockchain to declare your domain, due to the fact that the domains are kept on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your initial purchase. The gas charges you will pay will depend upon the present cost of ETH and the network blockage at the time of the transaction. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the very best Functions of Unstoppable Domains?

There are a few features of Unstoppable Domains that stand apart. The truth that it is a one-time purchase with no yearly renewal is extremely attractive thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anyone aside from the owner.

The domains likewise have more performance than traditional domains due to the fact that they can be utilized to a payment router, but likewise used to produce sites with dApps developed directly on them because they exist on the blockchain, allowing the use of smart agreements on your site. Crypto Xyo

Perhaps the very best and most appealing function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 different crypto properties, indicating once you set it up you will only ever require to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not only for you, but for anyone who you want to receive funds from.

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

 

Possible Dealbreakers.

There is only one real prospective dealbreaker when it pertains to using Unstoppable Domains, which is the expense of claiming your domain with Ethereum.

This might just be a dealbreaker because you do not have any Ethereum at your address and need to purchase some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas fees. This is a one-time deal cost, and unless you decide to sell/transfer your domain to somebody else it will be the additional fee associated with getting your domain.