“””In The Blockchain Domain””” | Easy Crypto

Unstoppable domain names is a san francisco-based business…”””In The Blockchain Domain”””… that is providing domain name extensions that are connected 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 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 run 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 just completely decentralized so there’s no governing body there’s absolutely nothing that needs any kind of approval or authorization you as the owner own your domain so in this video i wish to discuss to you everything that you need to referred to as a newbie about unstoppable domain names ensure 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 name registration actually work i believe

people are going to be quite surprised that it’s method more technical and complex 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 releasing the domain through a icann licensed domain name register why do i say i can accredit since you can’t get your domain directly from i can which is again the not-for-profit company that manages the dns system you have to go through an icann licensed domain register in order to get a domain and that’s just how it works like you’re like why do i have to do that i do not know why asking me those are just the rules which’s what individuals have been providing for the last couple of years in order to get a domain name so that’s why you require to pay an annual cost on your domain because you’re not actually 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 computer system registry that handles 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 computer registry for that extension

Is unstoppable domains on Ethereum? “””In The Blockchain Domain”””

is a verisign for example so all these various domain name extensions have various computer registries and the function of the registry is just to handle the administrative information for that particular domain nft domain names versus the standard dns system what’s the distinction 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 computer registries then you have your icann accredited domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it but 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 an unique digital item in this instance 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 discover that you can’t geta.com.net.org why well you can’t you need to currently sort of know why due to the fact that those are handled by verisign which is a domain computer registry which is managed by icann that belongs to the dns system that’s why you can’t get those types of domain names 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 primary difference is that these two are tied to different block chains that’s it so you have “””In The 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 developed and you have a bit more features and services constructed around uh at the ethereum blockchain with a dot crypto domain 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 entrance so this is the primary feature of unstoppable domain names obviously over time as like we have actually decentralized webhosting develop in time it will be possible to use like a decentralized domain name and a decentralized webhosting to create your own decentralized website currently it’s not truly possible i indicate you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which individuals engage with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than traditional domains.

Supports 276 crypto possessions.

Cons.

Need to spend ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will accomplish widespread adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the existing CEO, who saw a requirement for it to be simpler for users to connect with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered into place, so users did not have to find out IP addresses in order to get to sites, except for crypto addresses.

In this manner they have succeeded greatly, as they have produced a domain system that permits users to set up payments for 276 digital possessions under a single domain, while also having the ability to be used as a completely operating website that can even have dApps built onto them due to the fact that the domain is hosted on the blockchain. With no annual renewal and a single payment charges, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly 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 doubly safe because this also indicates that the domain can not be blocked by anybody besides you, so your site is never at risk of being down due to censorship. The site for buying the domains is safe also and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends on a 2 primary aspects, though it should be noted that purchasing a domain is a one-time expense 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 upon the domain you pick, as expense is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain, with shorter domains costing additional. In addition, there are exceptional domains that cost 10s of thousands.

The next factor is the gas fees connected with utilizing the Ethereum blockchain to claim your domain, because the domains are stored on the Ethereum blockchain, the deal to claim them is available in ETH and is not consisted of in your preliminary purchase. The gas charges you will pay will depend upon the existing expense of ETH and the network blockage at the time of the deal. Overall you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very best Features of Unstoppable Domains?

There are a few features of Unstoppable Domains that stand apart. The reality that it is a one-time purchase with no annual renewal is very attractive considering the way traditional domain ownership works, and in addition, the domain is censor resistant, suggesting it can not be removed by anybody other than the owner.

The domains also have more performance than conventional domains since they can be used to a payment router, however also utilized to create websites with dApps built straight on them because they exist on the blockchain, allowing the use of smart contracts on your website. “””In The Blockchain Domain”””

Perhaps the best and most attractive function of Unstoppable Domains is that is offers you a way to have one address for you to get 276 various crypto assets, suggesting as soon as 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 much easier not just for you, but for anybody who you wish to receive funds from.

 

Potential Dealbreakers.

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

This might only be a dealbreaker because you do not have any Ethereum at your address and need 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 somebody else it will be the additional cost associated with getting your domain.