Namecoin 了 | Easy Crypto

Unstoppable domain names is a san francisco-based business…Namecoin √§¬∫‚Ć… that is offering domain extensions that are connected to the blockchain instead of being tied 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 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 just that they are decentralized so the dns system is managed and operated by icann so anything always needs approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are just entirely decentralized so there’s no governing body there’s nothing that requires any kind of approval or approval you as the owner own your domain so in this video i want to describe to you whatever that you need to referred to as a newbie about unstoppable domain ensure to inspect the links in the description for time stamps and any resources mentioned in this video so let’s begin how does domain registration really work i think

people are going to be rather stunned that it’s method more complicated and technical than you envisioned so when you go to someplace like namecheap.com or godaddy.com you’re not really purchasing the domain what you’re doing is you’re releasing the domain through a icann licensed domain register why do i say i can certify since you can’t get your domain names straight from i can which is once again the nonprofit organization that manages the dns system you have to go through an icann accredited domain register in order to get a domain and that’s simply how it works like you resemble why do i have to do that i do not understand why asking me those are just the rules which’s what people have been providing for the last few years in order to get a domain so that’s why you require to pay an annual fee on your domain since you’re not in fact purchasing an owning domain name 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 manages that domain extension which is then completely managed 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? Namecoin 了

is a verisign for example so all these different domain name extensions have various pc registries and the role of the registry is simply to manage the administrative data for that specific domain name nft domain names versus the conventional dns system what’s the difference well the traditional dns system is a centralized system as i mentioned earlier based around icann so you have icann you have your domain registries then you have your icann licensed 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 indicate a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents a distinct digital product in this circumstances our domain names dot crypto versus dot zill what’s the distinction with these 2 so if you leap 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 must currently type of know why since those are handled by verisign which is a domain pc 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 you can just get blockchain based domain right now they only have a dot crypto in dot zo at the time of recording this video the main distinction is that these 2 are connected to different block chains that’s it so you have Namecoin √§¬∫‚Ć

 

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 industrialized and you have a little bit more services and functions developed around uh at the ethereum blockchain with a dot crypto domain name than you make with a dot zill but functionally speaking they are the same customized crypto addresses that can be established as a payment gateway so this is the main feature of unstoppable domain names certainly in time as like we have decentralized webhosting establish in time it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized website currently it’s not really possible i mean you can do it however it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which people interact with crypto addresses.

Censor resistant domain stored in your wallet.

More performance than traditional domains.

Supports 276 crypto possessions.

Cons.

Need to invest ETH to claim domain.

Still some question regarding whether Unstoppable Domains will accomplish extensive adoption.

Some domains are still pre-sale just.

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 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 developed a domain system that permits users to establish payments for 276 digital possessions under a single domain name, while likewise having the ability to be utilized as a completely working website that can even have dApps developed onto them since the domain is hosted on the blockchain. With no yearly renewal and a single payment charges, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

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

It is two times as safe because this likewise 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 website for buying the domains is safe as well and can be secured with two-factor authentication.

Just How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a 2 main factors, though it should be kept in mind that purchasing a domain is a one-time expense and requires no annual renewals of any sort.

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

The next factor is the gas fees associated with utilizing the Ethereum blockchain to claim your domain, because the domains are kept on the Ethereum blockchain, the deal to declare them can be found in ETH and is not included in your initial purchase. The gas costs you will pay will depend on the current expense of ETH and the network blockage at the time of the deal. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very best Functions of Unstoppable Domains?

There are a couple of features of Unstoppable Domains that stick out. The fact that it is a one-time purchase with no yearly renewal is exceptionally attractive considering the method traditional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anyone other than the owner.

The domains also have more performance than conventional domains since they can be used to a payment router, but also used to create websites with dApps built straight on them due to the fact that they exist on the blockchain, allowing the use of clever contracts on your website. Namecoin 了

Maybe 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 different crypto possessions, implying as soon as you set it up you will just ever need to understand your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is easier not just for you, but for anyone who you wish to get funds from.

 

Possible Dealbreakers.

There is only one real prospective dealbreaker when it pertains to 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 require to acquire some in order to claim your domain, or if for some reason you believe it is unreasonable to pay the gas costs. This is a one-time transaction cost, and unless you choose to sell/transfer your domain to someone else it will be the additional fee associated with getting your domain.