Cryptoblades | Easy Crypto

Unstoppable domain is a san francisco-based business…Cryptoblades… that is providing domain name extensions that are connected to the blockchain instead of being tied 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 benefit of using these blockchain based domain name extensions is just that they are decentralized so the dns system is controlled and run by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are simply completely decentralized so there’s no governing body there’s nothing that needs any type of approval or authorization you as the owner own your domain name so in this video i want to describe to you whatever that you require to referred to as a newbie 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 think

people are going to be rather stunned that it’s method more technical and complex than you pictured so when you go to somewhere like namecheap.com or godaddy.com you’re not really buying the domain what you’re doing is you’re releasing the domain through a icann accredited domain name register why do i state i can license due to the fact that you can’t get your domain directly from i can which is again the nonprofit company that handles the dns system you have to go through an icann accredited domain register in order to get a domain which’s simply how it works like you’re like why do i need to do that i don’t understand why asking me those are simply the rules which’s what people have been doing for the last couple of years in order to get a domain name so that’s why you require to pay a yearly charge on your domain names since you’re not really purchasing an owning domain 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 system registry that manages that domain extension which is then completely handled and organized by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension

Is unstoppable domains on Ethereum? Cryptoblades

is a verisign for instance so all these various domain name extensions have different computer registries and the function of the computer system registry is simply to handle the administrative data for that specific domain nft domain versus the standard 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 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 specifically suggest a non-fungible token is simply a piece of data discovered on a blockchain that is verifiable and represents an unique digital item in this instance our domain dot crypto versus dot zill what’s the difference with these 2 so if you jump over to unstoppabledomainnames.com link in the description you’re going to find out that you can’t geta.com.net.org why well you can’t you must currently kind of understand why due to the fact that those are handled by verisign which is a domain computer system registry which is handled by icann that becomes part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can only get blockchain based domain names right now they only have a dot crypto in dot zo at the time of taping this video the main distinction is that these 2 are tied to different block chains that’s it so you have Cryptoblades

 

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 built 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 feature of unstoppable domain clearly gradually as like we have decentralized webhosting establish over time it will be possible to utilize like a decentralized domain name and a decentralized web host to create your own decentralized website presently it’s not truly possible i indicate you can do it however 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 assets.

Cons.

Need to spend ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will achieve extensive 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 need for it to be simpler for users to interact with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered location, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually prospered considerably, as they have actually developed a domain system that enables users to set up payments for 276 digital assets under a single domain, while likewise having the ability to be used as a completely working website that can even have actually dApps built onto them because the domain is hosted on the blockchain. With no annual renewal and a single payment charges, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe because as soon as claimed the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.

It is doubly safe since this likewise suggests that the domain can not be obstructed by anyone other than 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 protected with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a 2 main elements, though it should be kept in mind that purchasing a domain is a one-time cost and needs no annual renewals of any sort.

The very first element is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you select, 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 exceptional domains that cost tens of thousands.

The next factor is the gas costs connected with utilizing the Ethereum blockchain to declare your domain, since the domains are stored on the Ethereum blockchain, the deal to claim them comes in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend upon the existing cost 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 very best Features of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stick out. The truth that it is a one-time purchase with no yearly renewal is exceptionally enticing considering the method standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone other than the owner.

The domains likewise have more functionality than standard domains due to the fact that they can be utilized to a payment router, however also used to create websites with dApps constructed directly on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your website. Cryptoblades

Possibly the best and most attractive function of Unstoppable Domains is that is provides you a method to have one address for you to get 276 various crypto possessions, suggesting when 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 much easier not just for you, but for anybody who you wish to receive funds from.

 

Potential Dealbreakers.

There is only one genuine potential dealbreaker when it concerns utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.

This might only be a dealbreaker because you do not have any Ethereum at your address and need to buy some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas fees. Nevertheless, this is a one-time transaction charge, and unless you choose to sell/transfer your domain to someone else it will be the additional charge connected with getting your domain.