Eth Blockchain Domain | Easy Crypto

Unstoppable domain names is a san francisco-based business…Eth Blockchain Domain… that is offering domain name extensions that are connected to the blockchain instead of being connected to the dns system particularly you can get a dot crypto which is connected to the ethereum blockchain or you can get a zillow domain name 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 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 on the blockchain and they are just totally decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or consent you as the owner own your domain so in this video i want to discuss to you everything that you need to know as a newbie about unstoppable domain names ensure to check the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain registration in fact work i believe

people are going to be rather surprised that it’s way more technical and complicated than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not really buying the domain what you’re doing is you’re launching the domain through a icann certified domain name register why do i state i can accredit since you can’t get your domain names directly from i can which is once again the not-for-profit organization 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 just how it works like you resemble why do i need to do that i don’t know why asking me those are just the rules and that’s what individuals have been doing for the last couple of years in order to get a domain so that’s why you require to pay a yearly cost on your domain names because you’re not really purchasing 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 windows registry that manages that domain 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? Eth Blockchain Domain

is a verisign for instance so all these various domain extensions have various computer registries and the function of the computer registry is just to manage the administrative data for that particular domain nft domain names 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 actually icann you have your domain pc 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 specifically indicate a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents a distinct digital product in this circumstances our domain names dot crypto versus dot zill what’s the difference with these two so if you jump over to unstoppabledomainnames.com link in the description you’re going to find out that you can’t geta.com.net.org why well you can’t you should currently kind of understand why because those are handled by verisign which is a domain name windows registry which is managed by icann that belongs to the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can just get blockchain based domain today 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 different block chains that’s it so you have Eth Blockchain Domain

 

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 bit more functions and services developed around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill but functionally speaking they are the same individualized crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain names certainly over time as like we have actually decentralized webhosting establish gradually it will be possible to utilize like a decentralized domain and a decentralized webhosting to develop your own decentralized website presently it’s not actually possible i suggest you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which people connect with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than traditional domains.

Supports 276 crypto properties.

Cons.

Have to invest ETH to claim domain.

Still some question as to whether Unstoppable Domains will attain widespread 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 need for it to be much easier for users to communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into location, so users did not have to learn IP addresses in order to get to websites, except for crypto addresses.

In this manner they have actually succeeded considerably, as they have actually developed a domain system that permits users to set up payments for 276 digital possessions under a single domain name, while likewise being able to be used as a totally operating site that can even have dApps constructed onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment costs, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

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

It is twice as safe because this also indicates that the domain can not be obstructed by anyone other than you, so your website is never 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 two main aspects, though it ought to be noted that acquiring a domain is a one-time expense and needs no yearly 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 upon the domain you select, as expense is based upon 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 exceptional domains that cost 10s of thousands.

The next aspect is the gas charges 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 included in your preliminary 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. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the very best Functions of Unstoppable Domains?

There are a few features of Unstoppable Domains that stand out. The fact that it is a one-time purchase with no yearly renewal is exceptionally appealing thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody other than the owner.

The domains also have more performance than conventional domains due to the fact that they can be used to a payment router, but also utilized to develop websites with dApps built directly on them since they exist on the blockchain, allowing the use of clever agreements on your site. Eth Blockchain Domain

Perhaps the very best and most attractive feature of Unstoppable Domains is that is offers you a method to have one address for you to get 276 different crypto assets, suggesting as soon as you set it up you will only ever need to know 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 anyone who you want to get funds from.

 

Prospective Dealbreakers.

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

This may only be a dealbreaker since you do not have any Ethereum at your address and require to acquire some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas fees. This is a one-time deal fee, and unless you choose to sell/transfer your domain to someone else it will be the extra fee associated with getting your domain.