Namecoin Addresses | Easy Crypto

Unstoppable domain names is a san francisco-based company…Namecoin Addresses… that is providing domain name extensions that are connected 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 tied 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 controlled and run by icann so anything constantly needs approval from that governing body however 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 absolutely nothing that needs any type of approval or permission you as the owner own your domain name so in this video i want to explain to you whatever that you need to referred to as a novice about unstoppable domain names make certain to examine the links in the description for time stamps and any resources discussed in this video so let’s start how does domain name registration actually work i believe

people are going to be rather stunned that it’s way more technical and complex than you imagined so when you go to someplace like namecheap.com or godaddy.com you’re not actually buying the domain name what you’re doing is you’re releasing the domain through a icann licensed 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 once again the not-for-profit company that handles the dns system you need to go through an icann accredited domain name register in order to get a domain which’s simply how it works like you’re like 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 so that’s why you require to pay an annual charge on your domain names because you’re not really 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 windows registry that handles that domain extension which is then totally managed and organized by icann broadly speaking so like when you get it.com.net.org the windows registry for that extension

Is unstoppable domains on Ethereum? Namecoin Addresses

is a verisign for example so all these various domain extensions have various registries and the function of the computer registry is just to manage the administrative information for that particular domain nft domain names versus the traditional dns system what’s the difference well the standard 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 name 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 specifically imply a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents a distinct digital item in this circumstances our domain 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 learn that you can’t geta.com.net.org why well you can’t you ought to currently sort of understand why since those are handled by verisign which is a domain computer system registry which is handled by icann that becomes part of the dns system that’s why you can’t get those types of domain through unstoppable domain you can only get blockchain based domain right now they only have a dot crypto in dot zo at the time of taping this video the primary difference is that these 2 are connected to different block chains that’s it so you have Namecoin Addresses

 

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 features and services developed around uh at the ethereum blockchain with a dot crypto domain than you make with a dot zill however functionally speaking they are the same customized crypto addresses that can be set up as a payment entrance so this is the main function of unstoppable domain certainly in time as like we have decentralized web host develop with time it will be possible to utilize like a decentralized domain and a decentralized web host to create your own decentralized website presently it’s not actually possible i imply you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which people connect with crypto addresses.

Censor resistant domain kept in your wallet.

More functionality than standard domains.

Supports 276 crypto assets.

Cons.

Need to invest ETH to claim domain.

Still some question as to whether Unstoppable Domains will attain extensive 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 communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered into location, so users did not have to learn IP addresses in order to get to sites, except for crypto addresses.

In this manner they have actually prospered considerably, as they have developed a domain system that allows users to establish payments for 276 digital possessions under a single domain, while also being able to be utilized as a totally operating website that can even have dApps constructed 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 because once declared the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.

It is two times as safe due to the fact that this also suggests that the domain can not be obstructed by anyone besides you, so your website is never at risk of being down due to censorship. The site for acquiring the domains is safe too and can be protected with two-factor authentication.

Just How Much is Unstoppable Domains?

The expense of Unstoppable Domains depends upon a two main factors, though it should be kept in mind that acquiring a domain is a one-time cost and requires no annual 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 on the domain you select, as cost is based upon domain type (. crypto is more than.wallet for instance), and the length of the domain, with shorter domains costing extra. In addition, there are superior domains that cost tens of thousands.

The next element is the gas charges related to using the Ethereum blockchain to claim your domain, since the domains are saved on the Ethereum blockchain, the transaction to declare them comes in ETH and is not included in your preliminary purchase. The gas costs you will pay will depend upon the present cost of ETH and the network congestion at the time of the deal. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the very best Features of Unstoppable Domains?

There are a few features of Unstoppable Domains that stand apart. The fact that it is a one-time purchase with no yearly renewal is very appealing considering the way conventional 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 due to the fact that they can be utilized to a payment router, however also used to produce sites with dApps constructed directly on them due to the fact that they exist on the blockchain, allowing the use of wise contracts on your website. Namecoin Addresses

Perhaps the very best and most appealing feature of Unstoppable Domains is that is offers you a method to have one address for you to receive 276 different crypto properties, meaning once you set it up you will only ever need to understand your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not just for you, but for anyone who you want to receive funds from.

 

Prospective Dealbreakers.

There is only one genuine possible dealbreaker when it pertains to using Unstoppable Domains, and that is the expense of claiming your domain with Ethereum.

This may only be a dealbreaker because 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 think it is unreasonable to pay the gas costs. Nevertheless, this is a one-time deal fee, and unless you decide to sell/transfer your domain to another person it will be the additional cost related to getting your domain.