Cryptocurrency Namecoin | Easy Crypto

Unstoppable domain names is a san francisco-based business…Cryptocurrency Namecoin… that is offering domain extensions that are connected 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 name 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 simply that they are decentralized so the dns system is controlled and run 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 simply totally decentralized so there’s no governing body there’s absolutely nothing that requires any type of approval or approval you as the owner own your domain name so in this video i wish to discuss to you whatever that you require to referred to as a novice about unstoppable domain ensure 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 actually work i believe

people are going to be quite surprised that it’s way more technical and complicated than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not in fact purchasing the domain what you’re doing is you’re releasing the domain through a icann accredited domain register why do i say i can license since 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 licensed domain register in order to get a domain which’s just how it works like you’re like why do i have to do that i don’t know why asking me those are simply the rules which’s what people have actually 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 fee on your domain because you’re not really purchasing an owning domain what you’re doing is leasing 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 pc 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? Cryptocurrency Namecoin

is a verisign for instance so all these various domain extensions have various computer registries and the role of the computer registry is just to manage the administrative information for that particular domain name nft domain names versus the standard dns system what’s the difference 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 registries then you have your icann certified domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it however like what does that particularly imply a non-fungible token is just a piece of information found 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 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 should already sort of understand why due to the fact that those are handled by verisign which is a domain name computer system registry which is handled 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 today they just have a dot crypto in dot zo at the time of tape-recording this video the main difference is that these two are connected to different block chains that’s it so you have Cryptocurrency Namecoin

 

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 bit more functions and services 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 set up as a payment entrance so this is the main function of unstoppable domain obviously over time as like we have decentralized webhosting develop with time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to develop your own decentralized site presently it’s not actually possible i imply you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals engage with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than traditional domains.

Supports 276 crypto properties.

Cons.

Have to invest ETH to claim domain.

Still some question regarding whether Unstoppable Domains will accomplish extensive adoption.

Some domains are still pre-sale just.

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 aim of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to learn IP addresses in order to get to websites, except for crypto addresses.

In this manner they have been successful 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 likewise being able to be utilized as a fully operating site that can even have dApps developed onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal fees, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe due to the fact that as soon as declared the domains exist under your address on blockchain, implying they are as secure as the blockchain itself.

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

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a 2 primary aspects, though it ought to be noted that acquiring a domain is a one-time expense and requires 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 upon the domain you select, as cost is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing additional. In addition, there are superior domains that cost 10s of thousands.

The next aspect is the gas charges associated with utilizing the Ethereum blockchain to declare your domain, because the domains are saved on the Ethereum blockchain, the transaction to claim 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 congestion at the time of the transaction. In general you can get most 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 stick out. The reality that it is a one-time purchase with no annual renewal is exceptionally appealing thinking about the method conventional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anyone other than the owner.

The domains also have more performance than traditional domains since they can be used to a payment router, however also utilized to produce sites with dApps built straight on them due to the fact that they exist on the blockchain, allowing the use of smart agreements on your website. Cryptocurrency Namecoin

Possibly the very best and most attractive function of Unstoppable Domains is that is offers you a method to have one address for you to get 276 different crypto possessions, implying when you set it up you will just ever require to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not just for you, but for anyone who you want to get funds from.

 

Prospective Dealbreakers.

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

This might just be a dealbreaker because 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 think it is unreasonable to pay the gas fees. Nevertheless, this is a one-time deal cost, and unless you decide to sell/transfer your domain to somebody else it will be the additional charge connected with getting your domain.