Is Unstoppable Domains Safe | Easy Crypto

Unstoppable domain names is a san francisco-based business…Is Unstoppable Domains Safe… that is providing domain extensions that are tied to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is connected 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 advantage of using these blockchain based domain name 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 requires any kind of approval or permission you as the owner own your domain name so in this video i wish to describe to you whatever that you need to know as a beginner about unstoppable domain names make certain 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 actually work i think

people are going to be rather surprised that it’s method more complicated and technical than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not really buying the domain what you’re doing is you’re releasing the domain through a icann accredited domain name register why do i state i can certify since you can’t get your domain directly from i can which is again the nonprofit company that handles the dns system you need to go through an icann certified domain register in order to get a domain name which’s just how it works like you resemble why do i need to do that i don’t understand why asking me those are just the rules and that’s what people have actually been doing 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 names because you’re not in fact purchasing an owning domain what you’re doing is renting their domain so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the pc registry that handles that domain name extension which is then totally handled 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? Is Unstoppable Domains Safe

is a verisign for example so all these different domain name extensions have different computer system registries and the function of the registry is just to manage the administrative information for that particular domain nft domain versus the traditional dns system what’s the difference well the conventional dns system is a centralized system as i alluded to earlier based around icann so you have actually icann you have your domain computer system 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 particularly indicate a non-fungible token is simply a piece of data 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 2 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 should already kind of understand why because those are handled by verisign which is a domain computer system 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 names you can just get blockchain based domain today they only have a dot crypto in dot zo at the time of tape-recording this video the primary distinction is that these two are tied to different block chains that’s it so you have Is Unstoppable Domains Safe

 

your dot crypto which is tied 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 little bit more features and services 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 personalized crypto addresses that can be established as a payment entrance so this is the primary function of unstoppable domain clearly with time as like we have decentralized webhosting establish over time it will be possible to utilize like a decentralized domain name and a decentralized web host to create your own decentralized website presently it’s not really possible i indicate you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people interact with crypto addresses.

Censor resistant domain saved in your wallet.

More performance than traditional domains.

Supports 276 crypto assets.

Cons.

Need to spend ETH to claim domain.

Still some concern regarding 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 much easier for users to connect 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 find out IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually succeeded greatly, as they have created a domain system that enables users to set up payments for 276 digital possessions under a single domain, while also being able to be used as a completely working site that can even have dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an intriguing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe since as soon as declared the domains exist under your address on blockchain, indicating they are as protected as the blockchain itself.

It is doubly safe since this likewise suggests that the domain can not be blocked by anyone aside from you, so your site is never at risk of being down due to censorship. The website for purchasing the domains is safe too and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 primary aspects, though it must be noted that purchasing a domain is a one-time expense and needs no yearly renewals of any sort.

The very first factor is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you choose, as expense is based upon 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 factor is the gas charges connected with utilizing the Ethereum blockchain to claim your domain, because the domains are stored on the Ethereum blockchain, the transaction to declare them is available in ETH and is not consisted of in your initial purchase. The gas fees you will pay will depend on the existing expense 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 Functions of Unstoppable Domains?

There are a few features of Unstoppable Domains that stand apart. The fact that it is a one-time purchase without any annual renewal is exceptionally attractive thinking about the way standard domain ownership works, and in addition, the domain is censor resistant, meaning it can not be taken down by anyone other than the owner.

The domains likewise have more functionality than standard domains since they can be used to a payment router, however also utilized to produce websites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of wise agreements on your site. Is Unstoppable Domains Safe

Perhaps the best and most appealing function of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 different crypto assets, implying when you set it up you will only ever need to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not only for you, but for anyone who you wish to get funds from.

 

Prospective Dealbreakers.

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

This might just be a dealbreaker since you do not have any Ethereum at your address and require to acquire some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas fees. Nevertheless, this is a one-time deal cost, and unless you choose to sell/transfer your domain to someone else it will be the extra charge related to getting your domain.