Namecoin 2018 | Easy Crypto

Unstoppable domain names is a san francisco-based company…Namecoin 2018… that is offering domain name 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 name extension which is connected to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain name extensions is just that they are decentralized so the dns system is managed and run 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 just completely decentralized so there’s no governing body there’s nothing that needs any type of approval or permission you as the owner own your domain so in this video i wish to describe to you whatever that you require to referred to as a newbie about unstoppable domain names ensure to examine the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration really work i believe

people are going to be quite shocked that it’s method more technical and complicated than you pictured 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 releasing the domain name through a icann licensed domain name register why do i state i can license since you can’t get your domain names directly from i can which is once again the not-for-profit organization that manages the dns system you need to go through an icann licensed domain name register in order to get a domain name and that’s simply how it works like you’re like why do i have to do that i do not know why asking me those are simply the guidelines and that’s what individuals have actually been providing for the last few decades in order to get a domain name so that’s why you require to pay a yearly cost on your domain since you’re not actually 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 computer system registry that manages that domain name extension which is then absolutely managed and arranged by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension

Is unstoppable domains on Ethereum? Namecoin 2018

is a verisign for instance so all these various domain extensions have various computer system registries and the function of the computer system registry is just to manage the administrative information for that specific domain name nft domain names versus the standard dns system what’s the distinction well the standard dns system is a central system as i alluded to earlier based around icann so you have icann you have your domain 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 change it however like what does that particularly mean a non-fungible token is just a piece of information found on a blockchain that is verifiable and represents a distinct digital item in this instance our domain dot crypto versus dot zill what’s the difference with these 2 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 should already kind of understand why since those are handled by verisign which is a domain registry which is handled by icann that’s part of the dns system that’s why you can’t get those kinds of domain through unstoppable domain names you can only get blockchain based domain names right now they only have a dot crypto in dot zo at the time of tape-recording this video the primary difference is that these 2 are tied to different block chains that’s it so you have Namecoin 2018

 

your dot crypto which is connected to the ethereum blockchain you have your dot zill which is connected to the silica block durian blockchain is way more industrialized and you have a little bit more services and features constructed around uh at the ethereum blockchain with a dot crypto domain name than you do with a dot zill but functionally speaking they are the same customized crypto addresses that can be established as a payment entrance so this is the main function of unstoppable domain names obviously in time as like we have actually decentralized webhosting establish gradually it will be possible to use like a decentralized domain name and a decentralized webhosting to create your own decentralized site currently it’s not truly possible i suggest you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies method which people interact with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than traditional domains.

Supports 276 crypto properties.

Cons.

Have to invest ETH to claim domain.

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

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a need for it to be easier for users to interact with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that came into location, so users did not need to discover IP addresses in order to get to websites, except for crypto addresses.

In this manner they have succeeded significantly, as they have developed a domain system that allows users to establish payments for 276 digital assets under a single domain name, while also having the ability to be utilized as a totally working site that can even have actually dApps built onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal charges, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe since when declared the domains exist under your address on blockchain, indicating they are as secure as the blockchain itself.

It is twice as safe because this also indicates that the domain can not be blocked by anybody aside from you, so your site is never at risk of being down due to censorship. The site 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 on a two main factors, though it must be noted that buying a domain is a one-time cost and needs no yearly 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 choose, as expense is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain name, with much shorter domains costing additional. In addition, there are exceptional domains that cost 10s of thousands.

The next element is the gas fees associated with using the Ethereum blockchain to declare your domain, because the domains are stored on the Ethereum blockchain, the deal to declare them can be found in ETH and is not consisted of in your initial purchase. The gas charges you will pay will depend on the existing cost 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 Best Features of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stand apart. The fact that it is a one-time purchase with no yearly renewal is exceptionally attractive thinking about the way conventional domain ownership works, and in addition, the domain is censor resistant, meaning it can not be removed by anybody besides the owner.

The domains also have more performance than standard domains because they can be utilized to a payment router, but likewise utilized to create sites with dApps developed straight on them due to the fact that they exist on the blockchain, allowing the use of clever contracts on your website. Namecoin 2018

Maybe the very best and most attractive function of Unstoppable Domains is that is provides you a way to have one address for you to get 276 different crypto properties, indicating when 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 simpler not just for you, but for anybody who you wish to receive funds from.

 

Potential Dealbreakers.

There is only one real possible dealbreaker when it concerns utilizing Unstoppable Domains, and that is the expense of declaring your domain with Ethereum.

This may just be a dealbreaker because you do not have any Ethereum at your address and need to acquire some in order to declare your domain, or if for some reason you think it is unreasonable to pay the gas fees. Nevertheless, this is a one-time deal fee, and unless you decide to sell/transfer your domain to somebody else it will be the extra cost associated with getting your domain.