Cryptounit | Easy Crypto

Unstoppable domain is a san francisco-based business…Cryptounit… that is supplying 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 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 benefit of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and operated by icann so anything always requires approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are simply entirely decentralized so there’s no governing body there’s nothing that requires any kind of approval or consent you as the owner own your domain name so in this video i wish to discuss to you everything that you need to referred to as a novice about unstoppable domain make certain to check the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain name registration really work i believe

people are going to be quite surprised that it’s method more technical and complicated than you thought of so when you go to someplace 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 certified domain register why do i say i can accredit since you can’t get your domain names straight from i can which is again the not-for-profit company that manages the dns system you have to go through an icann licensed domain register in order to get a domain and that’s simply how it works like you resemble why do i need to do that i don’t understand why asking me those are simply the guidelines which’s what individuals have actually been providing for the last few years in order to get a domain name so that’s why you need to pay an annual cost on your domain names since you’re not in fact buying 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 completely managed and arranged by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension

Is unstoppable domains on Ethereum? Cryptounit

is a verisign for instance so all these different domain name extensions have various pc registries and the role of the computer system registry is just to handle the administrative data for that specific domain nft domain versus the standard dns system what’s the difference well the traditional 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 meaning like you can’t jump in and alter it however like what does that specifically imply a non-fungible token is simply a piece of information found on a blockchain that is verifiable and represents a distinct digital item in this circumstances our domain names dot crypto versus dot zill what’s the distinction with these two 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 need to already kind of know why because those are managed by verisign which is a domain computer registry which is handled by icann that becomes part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can only get blockchain based domain names today they just have a dot crypto in dot zo at the time of recording this video the main distinction is that these two are connected to different block chains that’s it so you have Cryptounit

 

your dot crypto which is tied 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 little bit more services and functions built around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill however functionally speaking they are the same customized crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain clearly over time as like we have actually decentralized web host establish gradually it will be possible to utilize like a decentralized domain and a decentralized webhosting to produce your own decentralized site currently it’s not really possible i mean you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals connect with crypto addresses.

Censor resistant domain stored in your wallet.

More performance than standard domains.

Supports 276 crypto assets.

Cons.

Have to invest ETH to claim domain.

Still some question as to 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 need for it to be easier for users to interact 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 learn IP addresses in order to get to sites, except for crypto addresses.

In this manner they have succeeded significantly, as they have actually produced a domain system that enables users to set up payments for 276 digital properties under a single domain, while also having the ability to be utilized as a completely functioning site 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 fees, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

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

It is doubly safe since this also suggests 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 website for buying the domains is safe too and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a 2 main aspects, though it needs to be noted that purchasing a domain is a one-time expense and needs no yearly renewals of any sort.

The very first factor is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon 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 additional. In addition, there are exceptional domains that cost 10s of thousands.

The next factor is the gas charges connected with using the Ethereum blockchain to claim your domain, due to the fact that the domains are kept on the Ethereum blockchain, the transaction to declare them is available in ETH and is not included in your initial purchase. The gas charges you will pay will depend upon the current cost 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 overall.

What Are the 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 thinking about the method standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anyone besides the owner.

The domains also have more performance than traditional domains due to the fact that they can be used to a payment router, but also utilized to create sites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of wise agreements on your website. Cryptounit

Perhaps the best and most appealing function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto assets, suggesting when you set it up you will just ever need 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 anyone who you wish to get funds from.

 

Possible Dealbreakers.

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

This may only be a dealbreaker due to the fact that 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 believe it is unreasonable to pay the gas charges. However, this is a one-time deal fee, and unless you decide to sell/transfer your domain to another person it will be the additional charge connected with getting your domain.