Unstoppable domain is a san francisco-based company…Cryptowatch… that is supplying domain extensions that are tied 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 connected 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 operated by icann so anything constantly requires approval from that governing body however something like a dot crypto or zillow these are based on the blockchain and they are just completely decentralized so there’s no governing body there’s absolutely nothing that needs any type of approval or permission you as the owner own your domain name so in this video i want to describe to you whatever that you require to know as a newbie about unstoppable domain make sure to check the links in the description for time stamps and any resources discussed in this video so let’s start how does domain registration in fact work i think
individuals are going to be quite shocked 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 licensed domain name register why do i say i can certify because you can’t get your domain names directly from i can which is again the not-for-profit company that manages the dns system you have to go through an icann certified domain name 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 and that’s what people have actually been providing for the last couple of years in order to get a domain so that’s why you require to pay a yearly charge on your domain due to the fact that you’re not actually purchasing an owning domain name 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 pc registry that manages that domain extension which is then absolutely managed and arranged by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension
Is unstoppable domains on Ethereum? Cryptowatch
is a verisign for example so all these various domain name extensions have different computer registries and the role of the computer system registry is simply to handle the administrative information for that specific domain nft domain versus the traditional dns system what’s the difference well the standard dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain windows registries then you have your icann certified domain 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 just a piece of information found on a blockchain that is verifiable and represents a special digital item in this instance our domain dot crypto versus dot zill what’s the distinction with these two so if you jump over to unstoppabledomainnames.com link in the description you’re going to discover that you can’t geta.com.net.org why well you can’t you must currently type of know why since those are managed 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 kinds of domain names through unstoppable domain names you can only get blockchain based domain names today they only have a dot crypto in dot zo at the time of recording this video the primary distinction is that these two are tied to various block chains that’s it so you have Cryptowatch
your dot crypto which is connected to the ethereum blockchain you have your dot zill which is connected to the silica block durian blockchain is way more developed and you have a little bit more services and functions developed around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill however functionally speaking they are the same customized crypto addresses that can be set up as a payment gateway so this is the main function of unstoppable domain names obviously in 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 truly possible i mean you can do it however it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which people communicate with crypto addresses.
Censor resistant domain saved in your wallet.
More functionality than standard domains.
Supports 276 crypto assets.
Have to spend ETH to claim domain.
Still some question as to whether Unstoppable Domains will accomplish prevalent adoption.
Some domains are still pre-sale only.
What is Unstoppable Domains?
Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a requirement for it to be much easier for users to connect with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that entered place, so users did not need to learn IP addresses in order to get to sites, except for crypto addresses.
In this way they have succeeded greatly, as they have actually created a domain system that allows users to establish payments for 276 digital properties under a single domain name, while likewise being able to be utilized as a totally functioning site that can even have dApps constructed onto them since the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an interesting tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is extremely safe due to the fact that once declared the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.
It is doubly safe because this also suggests that the domain can not be obstructed by anybody other than you, so your website is never at risk of being down due to censorship. The site for buying the domains is safe also and can be secured with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a 2 primary factors, though it needs to be kept in mind that buying a domain is a one-time cost and requires no annual renewals of any sort.
The very first element is the cost of the domain itself, this can vary 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, with shorter domains costing additional. In addition, there are superior domains that cost 10s of thousands.
The next element is the gas fees associated with using the Ethereum blockchain to declare your domain, since the domains are kept on the Ethereum blockchain, the transaction to claim them comes in ETH and is not included in your initial purchase. The gas fees you will pay will depend on the existing cost of ETH and the network congestion at the time of the deal. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 total.
What Are the Best Features of Unstoppable Domains?
There are a couple of features of Unstoppable Domains that stick out. The fact that it is a one-time purchase with no annual renewal is very enticing considering the method standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anyone other than the owner.
The domains likewise have more functionality than traditional domains since they can be used to a payment router, but also used to develop sites with dApps built directly on them since they exist on the blockchain, allowing the use of wise agreements on your site. Cryptowatch
Possibly the very best and most enticing feature of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 different crypto assets, indicating once you set it up you will only ever require to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not only for you, but for anybody who you want to get funds from.
There is only one genuine possible dealbreaker when it pertains to utilizing Unstoppable Domains, which is the expense of claiming your domain with Ethereum.
This might only be a dealbreaker because you do not have any Ethereum at your address and need to purchase some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas fees. This is a one-time transaction charge, and unless you choose to sell/transfer your domain to somebody else it will be the extra charge associated with getting your domain.