Namecoin Bitcoin | Easy Crypto

Unstoppable domain is a san francisco-based company…Namecoin Bitcoin… that is supplying domain name extensions that are tied to the blockchain instead of being connected to the dns system specifically you can get a dot crypto which is tied 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 benefit of using these blockchain based domain extensions is simply that they are decentralized so the dns system is managed and run by icann so anything constantly requires approval from that governing body but something like a dot crypto or zillow these are based upon the blockchain and they are simply completely decentralized so there’s no governing body there’s nothing that requires any type of approval or authorization you as the owner own your domain name so in this video i want to describe to you whatever that you need to called a beginner about unstoppable domain ensure to inspect 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 actually work i think

people are going to be quite stunned that it’s way more technical and complicated than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not in fact purchasing the domain name what you’re doing is you’re launching the domain through a icann licensed domain register why do i say i can certify due to the fact that you can’t get your domain names directly 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 name register in order to get a domain and that’s just how it works like you’re like why do i have to do that i do not understand why asking me those are just 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 require to pay an annual charge on your domain names due to the fact that you’re not in fact buying 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 computer system registry that handles that domain extension which is then totally handled and organized by icann broadly speaking so like when you get it.com.net.org the registry for that extension

Is unstoppable domains on Ethereum? Namecoin Bitcoin

is a verisign for instance so all these various domain name extensions have various pc registries and the role of the windows registry is just to handle the administrative data for that specific domain nft domain names versus the traditional dns system what’s the difference well the standard dns system is a centralized system as i alluded to earlier based around icann so you have actually icann you have your domain 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 change it but like what does that specifically indicate a non-fungible token is simply a piece of information discovered on a blockchain that is verifiable and represents an unique digital product in this instance 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 already type of understand why because those are managed by verisign which is a domain name registry which is managed by icann that’s 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 recording this video the primary difference is that these two are tied to various block chains that’s it so you have Namecoin Bitcoin

https://www.youtube.com/watch?v=2HNAaf6rIec

 

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 industrialized and you have a bit more functions and services built around uh at the ethereum blockchain with a dot crypto domain than you do with a dot zill however 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 over time as like we have actually decentralized webhosting develop with time it will be possible to utilize like a decentralized domain name and a decentralized web host to develop your own decentralized site currently it’s not actually possible i imply you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which individuals connect with crypto addresses.

Censor resistant domain kept in your wallet.

More performance than conventional domains.

Supports 276 crypto possessions.

Cons.

Have to spend ETH to claim domain.

Still some concern regarding whether Unstoppable Domains will accomplish 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 engage with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered location, so users did not need to discover IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually been successful significantly, as they have actually produced a domain system that permits users to set up payments for 276 digital assets under a single domain, while likewise having the ability to be used as a totally working site that can even have dApps constructed onto them due to the fact that the domain is hosted on the blockchain. With no annual renewal and a single payment costs, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

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

It is twice as safe due to the fact that this also implies 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 site for purchasing the domains is safe also and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends upon a two primary factors, though it must be kept in mind that purchasing a domain is a one-time expense and needs no annual renewals of any sort.

The very 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 pick, as expense 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 exceptional domains that cost tens of thousands.

The next factor is the gas charges connected with utilizing the Ethereum blockchain to claim your domain, because the domains are saved on the Ethereum blockchain, the deal to claim them is available in ETH and is not consisted of in your initial purchase. The gas costs you will pay will depend on the present cost of ETH and the network congestion at the time of the transaction. Overall you can get likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the very 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 annual renewal is extremely attractive considering the method traditional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anyone besides the owner.

The domains also have more functionality than conventional domains because they can be utilized to a payment router, however also utilized to produce sites with dApps constructed straight on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your site. Namecoin Bitcoin

Maybe the best and most attractive feature of Unstoppable Domains is that is offers you a way to have one address for you to receive 276 various crypto properties, meaning once you set it up you will just ever require to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is much easier not only for you, but for anybody who you want to receive funds from.

https://www.youtube.com/watch?v=Zm6uZzZwLSg

 

Possible Dealbreakers.

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

This might just be a dealbreaker due to the fact that 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 fees. This is a one-time deal charge, and unless you choose to sell/transfer your domain to somebody else it will be the extra fee associated with getting your domain.