Domain4Bitcoins | Easy Crypto

Unstoppable domain is a san francisco-based business…Domain4Bitcoins… that is offering domain extensions that are tied to the blockchain instead of being tied 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 controlled and run by icann so anything always requires approval from that governing body however 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 absolutely nothing that requires any type of approval or consent you as the owner own your domain name so in this video i wish to describe to you whatever that you need to referred to as a newbie about unstoppable domain names make certain to check the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain registration really work i believe

people are going to be quite shocked that it’s way more complicated and technical than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact purchasing the domain name what you’re doing is you’re releasing the domain through a icann accredited domain register why do i state i can certify since you can’t get your domain names straight from i can which is again the not-for-profit organization that manages the dns system you need to go through an icann accredited domain name register in order to get a domain name which’s simply how it works like you resemble why do i need to do that i do not understand why asking me those are just the rules which’s what individuals have been doing for the last few years in order to get a domain name so that’s why you require to pay a yearly charge on your domain since you’re not actually buying 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 computer registry that manages that domain extension which is then completely handled and organized by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension

Is unstoppable domains on Ethereum? Domain4Bitcoins

is a verisign for example so all these various domain extensions have various computer system registries and the role of the computer registry is simply to manage the administrative data for that particular domain nft domain versus the traditional dns system what’s the distinction well the conventional 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 licensed domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it but like what does that particularly imply a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents an unique digital item in this instance our domain names dot crypto versus dot zill what’s the difference 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 must already kind of understand why since those are managed by verisign which is a domain name computer registry which is managed by icann that belongs to the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can only get blockchain based domain right now they only have a dot crypto in dot zo at the time of recording this video the main difference is that these two are tied to various block chains that’s it so you have Domain4Bitcoins

 

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 features and services 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 personalized crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain names clearly with time as like we have decentralized web host develop gradually it will be possible to utilize like a decentralized domain and a decentralized web host to develop your own decentralized website currently it’s not really possible i mean you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people engage with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than traditional domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some concern regarding 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 existing CEO, who saw a need for it to be easier for users to communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered location, so users did not have to find out IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually prospered significantly, as they have created a domain system that allows users to set up payments for 276 digital possessions under a single domain, while also being able to be utilized as a fully working site that can even have actually dApps built onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe since as soon as declared the domains exist under your address on blockchain, meaning they are as protected as the blockchain itself.

It is doubly safe because this likewise indicates that the domain can not be obstructed by anyone besides you, so your site is never at risk of being down due to censorship. The site for purchasing 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 2 primary aspects, though it needs to be kept in mind that acquiring a domain is a one-time cost and needs no annual renewals of any sort.

The very first element is the expense 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 example), and the length of the domain name, with shorter domains costing additional. In addition, there are superior domains that cost tens of thousands.

The next aspect is the gas costs associated with utilizing the Ethereum blockchain to claim your domain, since the domains are stored on the Ethereum blockchain, the deal to declare them can be found in ETH and is not included in your initial purchase. The gas charges you will pay will depend on the existing expense of ETH and the network blockage at the time of the deal. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the Best Functions of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stick out. The reality that it is a one-time purchase without any annual renewal is exceptionally attractive thinking about the method conventional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone other than the owner.

The domains likewise have more performance than traditional domains since they can be used to a payment router, but likewise utilized to develop sites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of wise contracts on your website. Domain4Bitcoins

Maybe the best and most attractive feature of Unstoppable Domains is that is provides you a way to have one address for you to get 276 various crypto assets, indicating as soon as you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not just for you, but for anybody who you want to get funds from.

 

Prospective Dealbreakers.

There is only one genuine prospective dealbreaker when it comes to utilizing Unstoppable Domains, which is the expense of declaring 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 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. This is a one-time transaction fee, and unless you decide to sell/transfer your domain to somebody else it will be the additional cost associated with getting your domain.