Hardcoded Namecoin Domain | Easy Crypto

Unstoppable domain is a san francisco-based company…Hardcoded Namecoin Domain… that is offering domain name extensions that are tied to the blockchain instead of being tied to the dns system specifically 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 benefit of using these blockchain based domain name extensions is just that they are decentralized so the dns system is controlled and operated by icann so anything constantly 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 absolutely nothing that requires any kind of approval or authorization you as the owner own your domain so in this video i want to describe to you whatever that you need to know as a beginner about unstoppable domain names ensure to examine the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration actually work i believe

individuals are going to be rather shocked that it’s method more complicated and technical 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 launching the domain through a icann licensed domain register why do i say i can license due to the fact that you can’t get your domain straight from i can which is once again the not-for-profit company that manages the dns system you have to go through an icann certified domain name register in order to get a domain and that’s just how it works like you resemble why do i have to do that i do not understand why asking me those are just the rules and that’s what individuals have actually been providing for the last few years in order to get a domain name so that’s why you require to pay an annual cost on your domain due to the fact that you’re not actually purchasing an owning domain name what you’re doing is renting 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 computer registry for that extension

Is unstoppable domains on Ethereum? Hardcoded Namecoin Domain

is a verisign for example so all these different domain name extensions have different registries and the function of the windows registry is simply to manage the administrative information for that particular domain name nft domain versus the conventional dns system what’s the distinction well the conventional dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain computer system 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 particularly imply a non-fungible token is just a piece of data discovered on a blockchain that is verifiable and represents an unique digital product in this instance our domain dot crypto versus dot zill what’s the difference with these 2 so if you leap 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 ought to currently kind of understand why due to the fact that those are handled by verisign which is a domain computer system registry which is handled by icann that belongs to 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 names right now they just have a dot crypto in dot zo at the time of recording this video the primary distinction is that these 2 are connected to different block chains that’s it so you have Hardcoded Namecoin Domain

 

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 bit more features and services constructed 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 tailored crypto addresses that can be set up as a payment gateway so this is the primary feature of unstoppable domain names obviously with time as like we have actually decentralized webhosting develop with time 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 truly possible i imply you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which individuals interact with crypto addresses.

Censor resistant domain stored in your wallet.

More performance than traditional domains.

Supports 276 crypto possessions.

Cons.

Need to spend ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will attain extensive adoption.

Some domains are still pre-sale just.

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 engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered into place, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.

In this way they have been successful significantly, as they have created a domain system that enables users to set up payments for 276 digital properties under a single domain name, while likewise being able to be used as a completely functioning site that can even have dApps built onto them because the domain is hosted on the blockchain. With no yearly renewal and a single payment costs, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe since once claimed the domains exist under your address on blockchain, implying they are as protected as the blockchain itself.

It is two times as safe since this likewise implies that the domain can not be blocked by anybody aside from you, so your site is never ever at risk of being down due to censorship. The site for acquiring the domains is safe as well and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two main elements, though it ought to be noted that acquiring a domain is a one-time expense and requires no annual renewals of any sort.

The very first factor is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you choose, as cost is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain, with shorter domains costing extra. In addition, there are premium domains that cost tens of thousands.

The next factor is the gas charges related to utilizing the Ethereum blockchain to declare your domain, since the domains are saved on the Ethereum blockchain, the transaction to claim them is available in ETH and is not included in your initial purchase. The gas fees you will pay will depend upon the present cost of ETH and the network congestion at the time of the transaction. Overall 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 stick out. The reality that it is a one-time purchase without any annual renewal is incredibly enticing thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, implying it can not be removed by anyone other than the owner.

The domains likewise have more functionality than standard domains due to the fact that they can be used to a payment router, but also utilized to create sites with dApps constructed directly on them since they exist on the blockchain, allowing the use of smart agreements on your website. Hardcoded Namecoin Domain

Maybe the best and most appealing function of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 different crypto possessions, meaning once you set it up you will just ever need to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not just for you, but for anybody who you want to receive funds from.

 

Potential Dealbreakers.

There is only one real possible dealbreaker when it concerns utilizing Unstoppable Domains, which 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 require to purchase 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 transaction cost, and unless you choose to sell/transfer your domain to someone else it will be the additional fee associated with getting your domain.