Domain Token Crypto | Easy Crypto

Unstoppable domain names is a san francisco-based company…Domain Token Crypto… that is providing domain extensions that are tied to the blockchain instead of being connected to the dns system particularly you can get a dot crypto which is tied to the ethereum blockchain or you can get a zillow domain extension which is connected to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain extensions is simply 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 upon the blockchain and they are just completely decentralized so there’s no governing body there’s nothing that requires any type of approval or permission you as the owner own your domain so in this video i want to describe to you whatever that you require to know as a newbie about unstoppable domain names ensure to examine the links in the description for time stamps and any resources discussed in this video so let’s start how does domain registration really work i think

people are going to be quite stunned that it’s way more technical and complex than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not actually purchasing the domain what you’re doing is you’re releasing the domain name through a icann accredited domain register why do i state i can accredit because you can’t get your domain directly from i can which is again the not-for-profit company that manages the dns system you have to go through an icann accredited domain name register in order to get a domain and that’s simply how it works like you resemble why do i have to do that i don’t understand why asking me those are simply the rules and that’s what people have actually been providing for the last few years in order to get a domain so that’s why you need to pay a yearly charge on your domain names because you’re not really buying an owning domain name what you’re doing is leasing 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 registry that handles that domain name 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? Domain Token Crypto

is a verisign for instance so all these different domain name extensions have different computer registries and the role of the pc registry is simply to handle the administrative data for that specific domain name nft domain names versus the traditional dns system what’s the difference well the standard dns system is a centralized system as i alluded to 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 significance like you can’t jump in and alter it however like what does that particularly indicate a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a distinct digital item in this instance our domain names dot crypto versus dot zill what’s the distinction with these 2 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 should already kind of understand why since 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 names through unstoppable domain names you can just get blockchain based domain today they just have a dot crypto in dot zo at the time of recording this video the primary distinction is that these 2 are tied to various block chains that’s it so you have Domain Token Crypto

 

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 developed and you have a little bit more functions and services developed around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill but functionally speaking they are the same personalized crypto addresses that can be established as a payment entrance so this is the main function of unstoppable domain undoubtedly in time as like we have actually decentralized web host establish over time it will be possible to use like a decentralized domain and a decentralized webhosting to develop your own decentralized site presently it’s not truly possible i suggest you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people communicate with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than conventional domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some question regarding whether Unstoppable Domains will achieve extensive 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 simpler for users to interact with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered place, so users did not have to discover IP addresses in order to get to sites, except for crypto addresses.

In this way they have prospered greatly, as they have actually produced a domain system that enables users to establish payments for 276 digital possessions under a single domain name, while also being able to be utilized as a fully working site that can even have actually dApps developed onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is exceptionally safe because as soon as declared the domains exist under your address on blockchain, implying they are as safe as the blockchain itself.

It is two times as safe due to the fact that this also indicates that the domain can not be blocked by anybody aside from you, so your website is never 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 expense of Unstoppable Domains depends on a two main aspects, though it needs to be noted that purchasing a domain is a one-time expense and requires no annual renewals of any sort.

The very first factor is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on 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 premium domains that cost 10s of thousands.

The next factor is the gas costs related to using the Ethereum blockchain to declare your domain, because the domains are saved 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 costs you will pay will depend on the existing cost of ETH and the network congestion at the time of the transaction. Overall 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 features of Unstoppable Domains that stand out. The fact that it is a one-time purchase without any yearly renewal is very attractive thinking about the method conventional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be taken down by anybody aside from the owner.

The domains likewise have more performance than standard domains due to the fact that they can be used to a payment router, but likewise used to develop websites with dApps built directly on them since they exist on the blockchain, allowing the use of wise contracts on your website. Domain Token Crypto

Maybe the best and most enticing feature of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 various crypto assets, indicating once you set it up you will only ever need to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not just for you, but for anyone who you want to receive funds from.

 

Potential Dealbreakers.

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

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