Keepkey Namecoin | Easy Crypto

Unstoppable domain is a san francisco-based business…Keepkey Namecoin… that is supplying domain extensions that are tied to the blockchain instead of being connected 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 controlled and run by icann so anything always 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 nothing that needs any type of approval or approval you as the owner own your domain so in this video i want to explain to you everything that you need to know as a novice about unstoppable domain 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 really work i think

people are going to be rather stunned 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 name what you’re doing is you’re launching the domain name through a icann accredited domain name register why do i state i can certify because you can’t get your domain straight from i can which is once again the not-for-profit organization that handles the dns system you need to go through an icann certified domain 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 don’t know why asking me those are simply the rules which’s what people have been doing for the last couple of decades in order to get a domain name so that’s why you require to pay an annual cost on your domain names since you’re not actually purchasing an owning domain name 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 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 pc registry for that extension

Is unstoppable domains on Ethereum? Keepkey Namecoin

is a verisign for example so all these different domain name extensions have different computer registries and the role of the pc registry is just to handle the administrative information for that specific domain nft domain names versus the conventional dns system what’s the difference well the standard 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 certified domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and alter it but like what does that particularly mean a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a special digital product in this circumstances 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 learn that you can’t geta.com.net.org why well you can’t you should currently sort of understand why due to the fact that those are managed by verisign which is a domain computer registry which is handled by icann that becomes part of the dns system that’s why you can’t get those kinds 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 tape-recording this video the primary difference is that these 2 are connected to various block chains that’s it so you have Keepkey Namecoin

 

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 little bit more services and features built 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 tailored crypto addresses that can be established as a payment gateway so this is the primary function of unstoppable domain names undoubtedly over time as like we have decentralized webhosting develop with time it will be possible to utilize like a decentralized domain and a decentralized web host to produce your own decentralized site currently it’s not actually possible i suggest you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which individuals connect with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than traditional domains.

Supports 276 crypto assets.

Cons.

Have to invest ETH to claim domain.

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

Some domains are still pre-sale just.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a need 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 place, so users did not need to find out IP addresses in order to get to websites, except for crypto addresses.

In this manner they have actually succeeded greatly, as they have actually produced a domain system that permits users to establish payments for 276 digital assets under a single domain, while likewise being able to be used as a fully operating site that can even have dApps developed onto them due to the fact that the domain is hosted on the blockchain. With a single payment and no yearly renewal fees, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

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

It is doubly safe since this likewise indicates that the domain can not be blocked by anyone besides 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 cost of Unstoppable Domains depends on a two main elements, though it ought to be kept in mind that purchasing a domain is a one-time cost and requires no yearly renewals of any sort.

The first element is the cost of the domain itself, this can range 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 instance), and the length of the domain, with much shorter domains costing additional. In addition, there are premium domains that cost tens of thousands.

The next element is the gas fees related to using the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the deal to declare them is available in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend on the current cost 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 overall.

What Are the Best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stand out. The reality that it is a one-time purchase with no yearly renewal is very attractive thinking about the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anybody aside from the owner.

The domains likewise have more performance than standard domains because they can be used to a payment router, but likewise utilized to develop websites with dApps developed directly on them because they exist on the blockchain, allowing the use of clever contracts on your website. Keepkey Namecoin

Maybe the best and most appealing function of Unstoppable Domains is that is supplies you a method to have one address for you to receive 276 various crypto possessions, suggesting as soon as you set it up you will just ever require to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is easier not only for you, but for anyone who you want to receive funds from.

 

Possible Dealbreakers.

There is only one real possible dealbreaker when it pertains to utilizing Unstoppable Domains, which is the cost 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 declare 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 additional charge associated with getting your domain.