Cryptopanic | Easy Crypto

Unstoppable domain is a san francisco-based business…Cryptopanic… that is offering domain name extensions that are tied to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is connected 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 just 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 nothing that needs any kind of approval or approval you as the owner own your domain name so in this video i want to explain to you everything that you require to called a novice about unstoppable domain names make certain to examine the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain name registration really work i think

individuals are going to be rather stunned that it’s way more complex and technical than you envisioned so when you go to someplace like namecheap.com or godaddy.com you’re not actually purchasing the domain name what you’re doing is you’re launching the domain through a icann accredited domain name register why do i say i can license due to the fact that you can’t get your domain names straight from i can which is once again the nonprofit organization that manages the dns system you need to go through an icann certified domain name 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 do not know why asking me those are just the guidelines which’s what individuals have actually been doing for the last couple of years in order to get a domain so that’s why you require to pay a yearly cost on your domain because you’re not in fact purchasing an owning domain name 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 handles that domain extension which is then absolutely 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? Cryptopanic

is a verisign for instance so all these different domain extensions have different windows registries and the function of the computer system registry is simply to handle the administrative data for that particular domain nft domain versus the standard dns system what’s the distinction well the standard dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it but like what does that particularly suggest a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents an unique digital product in this circumstances our domain names dot crypto versus dot zill what’s the difference with these two so if you leap 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 should already type of know why due to the fact that those are managed by verisign which is a domain name pc registry which is handled by icann that belongs to the dns system that’s why you can’t get those kinds of domain names through unstoppable domain names you can just get blockchain based domain right now they just have a dot crypto in dot zo at the time of recording this video the main distinction is that these 2 are connected to different block chains that’s it so you have Cryptopanic

 

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 services and features built around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill however functionally speaking they are the same customized crypto addresses that can be established as a payment gateway so this is the main feature of unstoppable domain names obviously over time as like we have actually decentralized webhosting establish over time it will be possible to use like a decentralized domain name and a decentralized web host to produce your own decentralized site presently it’s not really possible i suggest you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies method which people connect with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than conventional domains.

Supports 276 crypto assets.

Cons.

Need to spend ETH to claim domain.

Still some concern as to 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 current CEO, who saw a requirement for it to be much easier for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered location, so users did not need to discover IP addresses in order to get to websites, except for crypto addresses.

In this way they have been successful greatly, as they have actually developed a domain system that allows users to establish payments for 276 digital properties under a single domain, while likewise having the ability to be utilized as a completely operating site that can even have actually dApps developed onto them because the domain is hosted on the blockchain. With a single payment and no yearly renewal costs, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe since when claimed the domains exist under your address on blockchain, suggesting they are as protected as the blockchain itself.

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

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a two primary elements, though it must be kept in mind that buying a domain is a one-time cost and requires no annual 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 upon the domain you choose, as expense is based on domain type (. crypto is more than.wallet for instance), and the length of the domain, with much shorter domains costing additional. In addition, there are superior domains that cost 10s of thousands.

The next element is the gas costs associated with using the Ethereum blockchain to declare your domain, due to the fact that the domains are stored on the Ethereum blockchain, the deal to claim them can be found in ETH and is not consisted of in your preliminary purchase. The gas charges you will pay will depend on the current 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 Features of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stand apart. The reality that it is a one-time purchase without any annual renewal is extremely enticing considering the method traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be taken down by anybody aside from the owner.

The domains also have more functionality than traditional domains because they can be utilized to a payment router, but likewise utilized to create sites with dApps built directly on them since they exist on the blockchain, allowing the use of wise contracts on your website. Cryptopanic

Possibly the very best and most attractive feature of Unstoppable Domains is that is provides you a method to have one address for you to get 276 different crypto properties, meaning as soon as 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 much easier not just for you, but for anybody who you want to receive funds from.

 

Possible Dealbreakers.

There is only one genuine possible dealbreaker when it comes to using Unstoppable Domains, and that is the cost of claiming your domain with Ethereum.

This may only be a dealbreaker since you do not have any Ethereum at your address and require to acquire some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas fees. This is a one-time deal charge, and unless you decide to sell/transfer your domain to somebody else it will be the extra charge associated with getting your domain.