Unstoppable domain names is a san francisco-based business…Dumbest Cryptocurrency Names… that is providing domain extensions that are tied to the blockchain instead of being tied 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 tied to the silica blockchain which is an alternative to ethereum the advantage 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 always needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just entirely 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 name so in this video i wish to discuss to you everything that you require to referred to as a novice about unstoppable domain make sure to examine the links in the description for time stamps and any resources pointed out in this video so let’s start how does domain name registration in fact work i think
individuals are going to be quite surprised that it’s way more complex and technical than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact purchasing the domain what you’re doing is you’re launching the domain through a icann accredited domain name register why do i state i can license since you can’t get your domain directly from i can which is again the nonprofit company that handles the dns system you have to go through an icann accredited domain register in order to get a domain and that’s simply how it works like you’re like why do i need to do that i don’t understand why asking me those are just the rules and that’s what people have actually been providing for the last few decades in order to get a domain so that’s why you require to pay an annual charge on your domain since you’re not really buying an owning domain name what you’re doing is renting their domain so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the windows registry that manages that domain name extension which is then completely handled 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? Dumbest Cryptocurrency Names
is a verisign for example so all these various domain extensions have different windows registries and the function of the registry is simply to manage the administrative data for that specific domain nft domain versus the conventional 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 actually 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 change it but like what does that specifically mean a non-fungible token is simply a piece of data discovered on a blockchain that is verifiable and represents a special digital item 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 discover that you can’t geta.com.net.org why well you can’t you must currently kind of understand why because those are managed by verisign which is a domain name windows registry which is managed by icann that becomes part of the dns system that’s why you can’t get those types of domain through unstoppable domain names 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 tied to different block chains that’s it so you have Dumbest Cryptocurrency Names
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 industrialized and you have a little bit more services and functions constructed around uh at the ethereum blockchain with a dot crypto domain name than you finish with a dot zill but functionally speaking they are the same individualized crypto addresses that can be set up as a payment gateway so this is the main function of unstoppable domain names obviously with time as like we have actually decentralized webhosting develop gradually it will be possible to use like a decentralized domain name and a decentralized webhosting to produce your own decentralized website presently it’s not actually possible i imply you can do it but it’s quite technical uh.
One-time purchase of domain.
Streamlines way in which individuals engage with crypto addresses.
Censor resistant domain stored in your wallet.
More functionality than standard domains.
Supports 276 crypto assets.
Need to invest ETH to claim domain.
Still some question regarding whether Unstoppable Domains will achieve 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 easier for users to interact with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to discover IP addresses in order to get to sites, except for crypto addresses.
In this way they have actually prospered greatly, as they have actually developed a domain system that permits users to establish payments for 276 digital assets under a single domain, while also being able to be used as a fully functioning website 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 fees, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is incredibly safe since when declared the domains exist under your address on blockchain, implying they are as safe as the blockchain itself.
It is doubly safe because this likewise indicates that the domain can not be obstructed by anyone other than you, so your website is never ever at risk of being down due to censorship. The site for purchasing the domains is safe too and can be protected with two-factor authentication.
How Much is Unstoppable Domains?
The cost of Unstoppable Domains depends upon a 2 main elements, though it should be kept in mind that buying 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 range from $20 USD to well over $1000 USD depending upon the domain you pick, as cost is based on domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.
The next element is the gas charges associated with using the Ethereum blockchain to claim your domain, because the domains are kept on the Ethereum blockchain, the deal to claim them can be found in ETH and is not included in your initial purchase. The gas fees you will pay will depend upon the current cost of ETH and the network blockage at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.
What Are the Best Functions of Unstoppable Domains?
There are a couple of functions of Unstoppable Domains that stand apart. The fact that it is a one-time purchase without any annual renewal is extremely attractive considering the way conventional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anybody other than the owner.
The domains also have more performance than traditional domains because they can be utilized to a payment router, but also utilized to produce websites with dApps constructed directly on them due to the fact that they exist on the blockchain, allowing the use of wise contracts on your site. Dumbest Cryptocurrency Names
Possibly the best and most attractive function of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 various crypto properties, indicating once 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 easier not just for you, but for anyone who you want to get funds from.
There is only one real potential dealbreaker when it pertains to using Unstoppable Domains, which is the cost 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 purchase some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas charges. This is a one-time transaction charge, and unless you decide to sell/transfer your domain to someone else it will be the extra fee associated with getting your domain.