Namecoin Ann | Easy Crypto

Unstoppable domain is a san francisco-based company…Namecoin Ann… that is supplying domain extensions that are connected 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 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 upon the blockchain and they are just totally decentralized so there’s no governing body there’s absolutely nothing that requires any kind of approval or authorization you as the owner own your domain so in this video i wish to explain to you everything that you require to referred to as a novice about unstoppable domain make sure to check the links in the description for time stamps and any resources mentioned in this video so let’s start how does domain registration really work i think

individuals are going to be rather surprised that it’s way more complex and technical than you thought of so when you go to someplace like namecheap.com or godaddy.com you’re not really buying the domain name what you’re doing is you’re releasing the domain through a icann licensed domain register why do i state i can certify due to the fact that you can’t get your domain straight from i can which is once again the not-for-profit company that handles the dns system you have to go through an icann licensed domain register in order to get a domain name which’s simply how it works like you resemble why do i have to do that i do not know why asking me those are simply the rules which’s what individuals have been providing for the last few years in order to get a domain so that’s why you need to pay an annual charge on your domain names due to the fact that you’re not really buying 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 system registry that manages that domain name extension which is then totally handled and organized 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 Ann

is a verisign for instance so all these various domain extensions have different computer registries and the function of the registry is just to handle the administrative data for that particular domain nft domain names versus the standard dns system what’s the difference well the conventional dns system is a central system as i mentioned earlier based around icann so you have actually icann you have your domain pc registries then you have your icann certified domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and alter it but like what does that specifically mean a non-fungible token is just a piece of data found on a blockchain that is verifiable and represents an unique digital item in this circumstances our domain dot crypto versus dot zill what’s the difference with these two 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 ought to currently sort of understand why since those are managed by verisign which is a domain computer system registry which is handled by icann that belongs to 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 just have a dot crypto in dot zo at the time of recording this video the primary difference is that these two are connected to different block chains that’s it so you have Namecoin Ann

 

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 functions and services developed 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 set up as a payment gateway so this is the main function of unstoppable domain obviously with time as like we have actually decentralized webhosting establish with time it will be possible to use like a decentralized domain and a decentralized web host to develop your own decentralized website presently it’s not really possible i indicate you can do it but it’s quite technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which people communicate with crypto addresses.

Censor resistant domain stored in your wallet.

More functionality than traditional domains.

Supports 276 crypto possessions.

Cons.

Need to invest ETH to claim domain.

Still some question regarding whether Unstoppable Domains will achieve extensive 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 requirement for it to be simpler for users to engage with crypto addresses. The goal of Unstoppable Domains is to be like the DNS system that entered location, so users did not have to find out IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually prospered greatly, as they have developed a domain system that enables users to set up payments for 276 digital possessions under a single domain, while also having the ability to be used as a completely operating site that can even have actually dApps constructed onto them because the domain is hosted on the blockchain. With a single payment and no annual renewal costs, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is very safe since as soon as claimed the domains exist under your address on blockchain, suggesting they are as secure as the blockchain itself.

It is two times as safe because this likewise means that the domain can not be obstructed by anyone other than you, so your website 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 expense of Unstoppable Domains depends on a two primary aspects, though it needs to be noted that acquiring a domain is a one-time expense and requires no annual renewals of any sort.

The very first aspect is the expense of the domain itself, this can range from $20 USD to well over $1000 USD depending upon the domain you pick, as expense 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 aspect is the gas fees connected with utilizing the Ethereum blockchain to claim your domain, due to the fact that the domains are kept on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your preliminary purchase. The gas charges you will pay will depend upon the present expense of ETH and the network blockage 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 couple of features of Unstoppable Domains that stick out. The truth that it is a one-time purchase without any yearly renewal is very attractive considering the method traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anyone aside from the owner.

The domains likewise have more performance than standard domains due to the fact that they can be used to a payment router, however also used to produce websites with dApps built directly on them since they exist on the blockchain, allowing the use of wise contracts on your website. Namecoin Ann

Possibly the very best and most appealing feature of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 various crypto assets, meaning as soon as you set it up you will just ever require 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 want to receive funds from.

 

Prospective Dealbreakers.

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

This may only be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to buy some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas charges. However, this is a one-time deal fee, and unless you decide to sell/transfer your domain to someone else it will be the extra fee connected with getting your domain.