Unstoppable domain is a san francisco-based company…Free Crypto Domains… that is offering 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 name extension which is tied to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain 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 however something like a dot crypto or zillow these are based upon the blockchain and they are simply totally decentralized so there’s no governing body there’s nothing that requires any type of approval or authorization you as the owner own your domain name so in this video i want to explain to you everything that you need to referred to as a novice about unstoppable domain names make sure to check the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration really work i think
individuals are going to be rather stunned that it’s way more technical and complex than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not in fact purchasing the domain name what you’re doing is you’re launching the domain name through a icann licensed domain name register why do i state i can license since you can’t get your domain straight from i can which is once again the not-for-profit organization that manages the dns system you need to go through an icann licensed domain name register in order to get a domain name and that’s simply how it works like you resemble why do i need to do that i do not know why asking me those are just the guidelines and that’s what people have been providing for the last couple of years in order to get a domain so that’s why you require to pay a yearly fee on your domain because you’re not in fact purchasing an owning domain name 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 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? Free Crypto Domains
is a verisign for instance so all these various domain name extensions have various computer registries and the function of the registry is simply to handle the administrative data for that particular domain name nft domain versus the standard dns system what’s the difference well the conventional dns system is a central system as i mentioned earlier based around icann so you have icann you have your domain computer registries then you have your icann certified domain name registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it however like what does that specifically imply a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a distinct digital product in this instance our domain 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 find out that you can’t geta.com.net.org why well you can’t you must currently sort of understand why since those are managed by verisign which is a domain name windows registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain names you can only get blockchain based domain today they only have a dot crypto in dot zo at the time of tape-recording this video the main distinction is that these 2 are tied to various block chains that’s it so you have Free Crypto Domains
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 features built around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill but functionally speaking they are the same customized crypto addresses that can be established as a payment gateway so this is the primary feature of unstoppable domain names clearly with time as like we have actually decentralized webhosting establish in time it will be possible to utilize like a decentralized domain name and a decentralized web host to develop your own decentralized website currently it’s not actually possible i mean you can do it however it’s pretty technical uh.
One-time purchase of domain.
Simplifies method which individuals interact with crypto addresses.
Censor resistant domain saved in your wallet.
More performance than conventional domains.
Supports 276 crypto assets.
Have to spend ETH to claim domain.
Still some question as to 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 current CEO, who saw a requirement for it to be simpler for users to interact with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into place, so users did not need to discover IP addresses in order to get to websites, except for crypto addresses.
In this way they have actually prospered considerably, as they have actually produced a domain system that permits users to set up payments for 276 digital assets under a single domain name, while also having the ability to be utilized as a totally working website that can even have actually dApps constructed onto them since the domain is hosted on the blockchain. With a single payment and no yearly renewal charges, Unstoppable Domains is an intriguing tool for crypto users.
Is Unstoppable Domains Safe?
Unstoppable Domains is exceptionally safe due to the fact that once claimed the domains exist under your address on blockchain, implying they are as safe as the blockchain itself.
It is twice as safe since this likewise means that the domain can not be obstructed by anybody besides 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 protected with two-factor authentication.
Just How Much is Unstoppable Domains?
The expense of Unstoppable Domains depends upon a 2 main elements, though it needs to be noted that purchasing a domain is a one-time cost and requires no annual renewals of any sort.
The 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 pick, as cost is based on domain type (. crypto is more than.wallet for example), and the length of the domain, with much shorter domains costing extra. In addition, there are premium domains that cost 10s of thousands.
The next element is the gas fees related to utilizing the Ethereum blockchain to claim your domain, because the domains are saved on the Ethereum blockchain, the transaction to declare them comes in ETH and is not included in your initial purchase. The gas charges you will pay will depend upon the existing expense of ETH and the network congestion at the time of the deal. In general 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 functions of Unstoppable Domains that stand apart. The reality that it is a one-time purchase without any annual renewal is incredibly enticing considering the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anybody aside from the owner.
The domains also have more functionality than standard domains since they can be utilized to a payment router, but likewise utilized to create websites with dApps developed directly on them because they exist on the blockchain, allowing the use of smart contracts on your website. Free Crypto Domains
Possibly the very best and most attractive function of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 various crypto properties, meaning as soon as you set it up you will just 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 anyone who you wish to receive funds from.
There is only one real possible dealbreaker when it comes to using Unstoppable Domains, and that is the expense of claiming your domain with Ethereum.
This may just be a dealbreaker due to the fact that you do not have any Ethereum at your address and need to acquire 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 fee, and unless you choose to sell/transfer your domain to someone else it will be the extra charge associated with getting your domain.