How To Use Crypto App | Easy Crypto

Unstoppable domain is a san francisco-based company…How To Use Crypto App… that is supplying 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 tied 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 advantage of using these blockchain based domain 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 simply entirely decentralized so there’s no governing body there’s nothing that needs any kind of approval or consent you as the owner own your domain so in this video i wish to describe to you whatever that you require to know as a beginner about unstoppable domain make sure to check the links in the description for time stamps and any resources discussed in this video so let’s begin how does domain registration in fact work i believe

people are going to be rather shocked that it’s way more technical and complex than you pictured 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 name through a icann accredited domain register why do i state i can license since you can’t get your domain names directly from i can which is again the nonprofit organization that manages the dns system you have to go through an icann licensed domain name register in order to get a domain and that’s simply how it works like you’re like why do i have to do that i don’t understand why asking me those are simply the rules and that’s what people have actually been doing for the last couple of decades in order to get a domain so that’s why you need to pay an annual charge on your domain since you’re not in fact buying 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 computer system registry that handles that domain name extension which is then completely handled and organized by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension

Is unstoppable domains on Ethereum? How To Use Crypto App

is a verisign for example so all these different domain extensions have different registries and the function of the computer system registry is simply to manage the administrative data for that particular domain name nft domain versus the standard dns system what’s the distinction well the traditional dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain computer registries then you have your icann licensed domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it however like what does that particularly mean a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a special digital product in this instance our domain dot crypto versus dot zill what’s the distinction with these two so if you jump over to unstoppabledomainnames.com link in the description you’re going to learn that you can’t geta.com.net.org why well you can’t you must currently sort of understand why because those are handled by verisign which is a domain pc registry which is managed by icann that becomes part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain you can only get blockchain based domain names right now they just have a dot crypto in dot zo at the time of tape-recording this video the primary difference is that these 2 are connected to different block chains that’s it so you have How To Use Crypto App

 

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 services and functions developed 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 customized crypto addresses that can be set up as a payment entrance so this is the primary function of unstoppable domain clearly with time as like we have decentralized web host establish with time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to create your own decentralized website currently it’s not truly possible i mean you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines method which individuals connect with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than traditional domains.

Supports 276 crypto assets.

Cons.

Have to spend ETH to claim domain.

Still some question 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 present CEO, who saw a requirement for it to be much easier for users to communicate with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered location, so users did not need to discover IP addresses in order to get to websites, except for crypto addresses.

In this manner they have succeeded greatly, as they have created a domain system that permits users to establish payments for 276 digital assets under a single domain, while likewise having the ability to be used as a totally operating website that can even have dApps constructed onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment fees, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe due to the fact that when claimed the domains exist under your address on blockchain, meaning they are as safe as the blockchain itself.

It is two times as safe because this also indicates that the domain can not be blocked by anyone other than you, so your website is never at risk of being down due to censorship. The site for acquiring the domains is safe too and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two primary elements, though it needs to be kept in mind that purchasing a domain is a one-time expense and requires no yearly renewals of any sort.

The very first element is the cost of the domain itself, this can range from $20 USD to well over $1000 USD depending on the domain you choose, as cost is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing additional. In addition, there are superior 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 kept on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not consisted of in your preliminary purchase. The gas charges you will pay will depend upon the existing cost of ETH and the network blockage at the time of the transaction. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the Best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stick out. The fact that it is a one-time purchase with no annual renewal is extremely enticing considering the method standard domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anybody aside from the owner.

The domains likewise have more performance than conventional domains because they can be utilized to a payment router, however likewise utilized to produce websites with dApps developed straight on them because they exist on the blockchain, allowing the use of smart contracts on your website. How To Use Crypto App

Perhaps the best and most enticing feature of Unstoppable Domains is that is provides you a way to have one address for you to get 276 different crypto assets, indicating when you set it up you will only ever require 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.

 

Possible Dealbreakers.

There is only one real potential dealbreaker when it pertains to using Unstoppable Domains, and that is the expense of claiming 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 buy some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas charges. This is a one-time transaction cost, and unless you choose to sell/transfer your domain to someone else it will be the extra charge associated with getting your domain.