Is Namecoin The Future | Easy Crypto

Unstoppable domain is a san francisco-based business…Is Namecoin The Future… 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 connected to the ethereum blockchain or you can get a zillow domain extension which is connected to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain extensions is simply that they are decentralized so the dns system is managed and run by icann so anything constantly needs approval from that governing body but something like a dot crypto or zillow these are based on the blockchain and they are just entirely decentralized so there’s no governing body there’s nothing that requires any type of approval or approval you as the owner own your domain name so in this video i want to explain to you everything that you need to know as a novice about unstoppable domain make sure to check the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain name registration really work i think

individuals are going to be rather surprised that it’s way more complex and technical than you imagined so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact buying the domain name what you’re doing is you’re launching the domain through a icann accredited domain name register why do i say i can license due to the fact that you can’t get your domain names straight from i can which is again the nonprofit organization that handles the dns system you have to go through an icann licensed domain register in order to get a domain name which’s simply how it works like you resemble why do i have to do that i do not know why asking me those are just the rules and that’s what individuals have actually been providing for the last couple of years in order to get a domain name so that’s why you require to pay a yearly fee on your domain names since you’re not really buying an owning domain 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 system registry that manages 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 pc registry for that extension

Is unstoppable domains on Ethereum? Is Namecoin The Future

is a verisign for example so all these different domain extensions have various windows registries and the role of the computer registry is simply to manage the administrative information for that specific domain name nft domain versus the traditional dns system what’s the distinction well the traditional dns system is a central system as i alluded to earlier based around icann so you have actually icann you have your domain windows registries then you have your icann licensed domain 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 mean a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents an unique digital product in this circumstances our domain names dot crypto versus dot zill what’s the distinction with these two 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 need to currently type of understand why since those are handled by verisign which is a domain name registry which is handled by icann that belongs to the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can only get blockchain based domain names 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 connected to various block chains that’s it so you have Is Namecoin The Future

 

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 developed and you have a bit more services and features 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 main feature of unstoppable domain names clearly gradually as like we have actually decentralized webhosting establish in time it will be possible to use like a decentralized domain and a decentralized webhosting to produce your own decentralized website currently it’s not actually possible i mean you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people engage with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than conventional 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 existing CEO, who saw a requirement for it to be easier for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered place, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.

In this manner they have succeeded significantly, as they have actually developed a domain system that permits users to establish payments for 276 digital assets under a single domain, while likewise having the ability to be utilized as a totally functioning site that can even have dApps developed onto them since the domain is hosted on the blockchain. With no annual renewal and a single payment costs, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

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

It is twice as safe since this likewise implies that the domain can not be blocked by anyone other than you, so your site is never ever 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 needs no annual renewals of any sort.

The very first aspect is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you select, 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 exceptional domains that cost 10s of thousands.

The next factor is the gas fees associated with using the Ethereum blockchain to declare your domain, since the domains are kept on the Ethereum blockchain, the transaction to declare them is available in ETH and is not consisted of in your preliminary purchase. The gas charges you will pay will depend on 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 few features of Unstoppable Domains that stand apart. The truth that it is a one-time purchase with no yearly renewal is extremely appealing considering the way traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anybody aside from the owner.

The domains likewise have more performance than standard domains due to the fact that they can be utilized to a payment router, however likewise utilized to develop websites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of wise agreements on your website. Is Namecoin The Future

Maybe the very best and most appealing function of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 different crypto properties, meaning once 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 simpler not just for you, but for anybody who you want to receive funds from.

 

Potential Dealbreakers.

There is only one real potential dealbreaker when it concerns utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.

This might only be a dealbreaker since you do not have any Ethereum at your address and need to buy some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas costs. However, this is a one-time deal cost, and unless you choose to sell/transfer your domain to another person it will be the extra charge associated with getting your domain.