Crypto Zoo Portland | Easy Crypto

Unstoppable domain is a san francisco-based company…Crypto Zoo Portland… that is supplying domain extensions that are connected to the blockchain instead of being connected to the dns system particularly you can get a dot crypto which is connected 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 extensions is simply that they are decentralized so the dns system is controlled and operated by icann so anything always 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 needs any kind of approval or consent you as the owner own your domain so in this video i want to discuss to you everything that you require to know as a beginner 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 begin how does domain registration really work i think

people are going to be rather shocked 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 in fact purchasing the domain name what you’re doing is you’re releasing the domain name through a icann accredited domain name register why do i state i can accredit because you can’t get your domain names straight from i can which is once again the nonprofit organization that handles the dns system you have to go through an icann certified domain 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 don’t know 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 need to pay an annual charge on your domain names because you’re not actually buying an owning domain 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 windows registry that handles that domain name extension which is then absolutely handled 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 Zoo Portland

is a verisign for instance so all these different domain extensions have different computer system registries and the function of the computer system registry is just to handle the administrative information for that particular domain name nft domain versus the conventional dns system what’s the distinction well the standard dns system is a centralized system as i alluded to earlier based around icann so you have icann you have your domain pc 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 change it however like what does that particularly mean a non-fungible token is simply a piece of data 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 learn that you can’t geta.com.net.org why well you can’t you ought to currently type of know why because those are handled by verisign which is a domain registry which is handled by icann that’s 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 today they just have a dot crypto in dot zo at the time of taping this video the main difference is that these two are tied to different block chains that’s it so you have Crypto Zoo Portland

 

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 industrialized and you have a bit more services and features developed around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill but functionally speaking they are the same individualized crypto addresses that can be set up as a payment gateway so this is the main feature of unstoppable domain certainly with time as like we have decentralized webhosting develop with time it will be possible to use like a decentralized domain name and a decentralized web host to create your own decentralized site presently it’s not really possible i imply you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which people interact with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than conventional domains.

Supports 276 crypto properties.

Cons.

Have to invest ETH to claim domain.

Still some question regarding whether Unstoppable Domains will achieve widespread adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a requirement 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 into place, so users did not need to find out IP addresses in order to get to sites, except for crypto addresses.

In this manner they have prospered significantly, as they have actually created a domain system that permits users to set up payments for 276 digital assets under a single domain, while also being able to be utilized as a totally functioning site that can even have dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no yearly renewal fees, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

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

It is twice as safe since this likewise means that the domain can not be blocked by anybody aside from you, so your site is never at risk of being down due to censorship. The site for purchasing the domains is safe too and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a 2 primary factors, though it should be noted that acquiring a domain is a one-time expense and requires no yearly renewals of any sort.

The very first aspect is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you pick, 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 extra. In addition, there are premium domains that cost tens of thousands.

The next factor is the gas costs associated with using 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 is available in ETH and is not consisted of in your preliminary purchase. The gas charges you will pay will depend on the current expense of ETH and the network congestion at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very best Functions of Unstoppable Domains?

There are a couple of features of Unstoppable Domains that stand apart. The reality that it is a one-time purchase without any annual renewal is extremely attractive thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anyone other than the owner.

The domains also have more functionality than standard domains due to the fact that they can be used to a payment router, but also utilized to create sites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of clever agreements on your site. Crypto Zoo Portland

Possibly the very best and most enticing feature of Unstoppable Domains is that is provides you a way to have one address for you to receive 276 various crypto assets, indicating once you set it up you will just ever require to know 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 want to receive funds from.

 

Prospective Dealbreakers.

There is only one real possible dealbreaker when it pertains to utilizing Unstoppable Domains, and that is the cost of declaring your domain with Ethereum.

This might just be a dealbreaker since 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 charges. However, this is a one-time deal cost, and unless you decide to sell/transfer your domain to someone else it will be the additional fee related to getting your domain.